Auto Repair Shop with
For Sale
$124,900
128 BALDWIN AVE, Pontiac, MI 48342
Move-in ready auto repair space with two service bays, a 9,000 lb hoist, air compressor, and dedicated front office.
Property Size1,101 SF
Price / SF$113.44
Days on Market112
Property Features for 128 BALDWIN AVE
General Information
Standard status
Active
Size
1,101 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Service Bays
2
Amenities
3
Rubber
3570
Building Details
Year Built
19
Listing Agency:
Edge Realty, LLC
(586) 381-1300
Listed By:
Salvatore Delisi · License #6501332361
(586) 381-1300
Source:
Xome
Added: Apr 23
Changed: Aug 12
Last Checked: Aug 12 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edge Realty, LLC
Investment Insights
Based on property information with market context.
This auto repair/shop space is designed for day-to-day automotive and light mechanical work and is move-in ready. The main shop area includes two service bays within a 26' x 28' workspace, supported by a dedicated front office measuring 11' x 16'. Additional utility and storage space is provided by a basement.
The shop is well-equipped with a 9,000 lb vehicle hoist, an 80-gallon air compressor, and air lines throughout, along with floor drains and updated electrical service. Operational features include security cameras and a shower, supporting a self-contained workspace for an owner-operator or small service business.
The property’s configuration and installed equipment make it suited for automotive-focused uses such as auto repair, tire service, detail/wrap work, or small engine repair.
The shop is well-equipped with a 9,000 lb vehicle hoist, an 80-gallon air compressor, and air lines throughout, along with floor drains and updated electrical service. Operational features include security cameras and a shower, supporting a self-contained workspace for an owner-operator or small service business.
The property’s configuration and installed equipment make it suited for automotive-focused uses such as auto repair, tire service, detail/wrap work, or small engine repair.
Key Highlights
- Auto repair/shop space with two service bays in a 26' x 28' workspace
- Includes a 9,000 lb vehicle hoist for vehicle service
- Air system features an 80‑gallon air compressor with air lines installed throughout the shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,455
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$109,100
$109.1K
Cap Rate 7%
$77,929
$77.9K
Cap Rate 9%
$60,611
$60.6K
Market Conditions
NOI Build-Up for 1,101 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.1K $7.35/SF
− Vacancy
−$299 −$0.27/SF
EGI
$7.8K $7.08/SF
− OpEx
−$2.3K −$2.12/SF
NOI
$5.5K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$109,100
Cap Rate 7%
$77,929
Cap Rate 9%
$60,611
Alternative Uses
Best Use
Retail
$169.2K
$148.1K – $197.5K
NOI $11,847 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$77.9K
$68.2K – $90.9K
NOI $5,455 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$237.5K
$207.8K – $277.1K
NOI $16,623 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Pontiac Truck & Trailer Repair — 1330 Wide Trak Dr W, Pontiac, MI 48342
- My Dream Tire and Auto Repair — 304 N Johnson St, Pontiac, MI 48341
- Automation Alloy — 50444 Woodward Ave, Pontiac, MI 48342
- Goodyear Auto Service — 50300 Woodward Ave, Pontiac, MI 48342
- Stitch Kustoms — 304 n johnson, pontiac, mi 48341
Frequently Asked Questions
What type of property is this?
Auto shop - Move-in ready auto repair space with two service bays, a 9,000 lb hoist, air compressor, and dedicated front office.
Where is this auto shop located?
The property is located at 128 BALDWIN AVE Pontiac, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Auto repair/shop space with two service bays in a 26' x 28' workspace; Includes a 9,000 lb vehicle hoist for vehicle service; Air system features an 80‑gallon air compressor with air lines installed throughout the shop
