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    Automotive Service Garage with Office Title is generated by Realmo AI

    12520 Morang Drive, Detroit, MI 82001

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    For Sale
    $550,000

    COMMERCIAL - Detroit, MI

    Property size:
    2,176 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $252/SF
    Added:
    Sep 10, 2024
    Days on Market:
    633
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 12520 Morang Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Fence Owned
    Fencing
    Fenced
    Standard status
    Active
    APN
    2107662332
    Size
    2,176 SF
    Lot size
    0.54 Acres

    Utilities

    Heating system
    Forced Air, Hot Water(Heating)
    Cooling system
    Humidity Control, Central Air, Ceiling Fan(s), Exhaust Fan (Cooling)
    Water source
    Public

    Building Details

    Year built
    1971
    Roof type
    Shingle
    Additional Structures
    Second Garage

    We can help!

    Listing Contact
    Arkan Aboona

    Listing agent Arkan Aboona License #6506049110

    Listing office Keller Williams Realty Lakeside 45609 Village Blvd, Shelby Township, MI

    Listing date Sep 10, 2024

    MLS# 50154894

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 2,000 SF business building with an office and 3 huge bay garage areas
    • Fenced half‑acre lot with the building currently used as a dealership
    • Central air with humidity control, plus ceiling fans and exhaust fan cooling
    • Heating includes forced air and hot water (heating)
    • Shingle roof
    • Public water service; year built 1971

    Overview

    This for-sale automotive property includes office space and three large bay garage areas within a single building. The site is secured by a fenced half-acre lot, supporting on-site vehicle staging or service operations. The current configuration is consistent with a dealership use, providing a practical foundation for related service and operational needs.

    The property is located in Detroit, Michigan, at 12520 Morang Drive. With an on-site fenced lot and dedicated garage bays, it is designed for businesses that require vehicle access and enclosed service space. The building’s total size is listed at 2,176 square feet.

    For buyers seeking a facility tailored to automotive operations, this combination of office and three garage bays on a fenced lot can help streamline day-to-day workflow. The existing dealership-oriented layout may also appeal to tenants or operators looking for an automotive-ready footprint that can be adapted to a different business concept, depending on their specific requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Valeatis Carpet & Flooring Group — 18760 elkhart st, harper woods, mi 48225

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.956372
    Latitude
    42.429164

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    FAQs

    What type of property is this?
    Showroom - Automotive-focused building with office space, three large garage bays, and a fenced half-acre lot.
    Where is this showroom located?
    The property is located at 12520 Morang Drive Detroit, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Over 2,000 SF business building with an office and 3 huge bay garage areas; Fenced half‑acre lot with the building currently used as a dealership; Central air with humidity control, plus ceiling fans and exhaust fan cooling
    (586) 438-4342
    We can help!
    Listing Contact
    Arkan Aboona
    Real Estate License ID: 6506049110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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