Turnkey Auto Repair
23940 GIBRALTAR Road Flat Rock, MI 48134
For Sale
$424,900
Fully operational auto body and mechanic shop with four service bays and included tools and equipment.
Property Size3,222 SF
Lot Size1.39 Acres
Price / SF$131.87
Days on Market444
Property Features for 23940 GIBRALTAR Road
General Information
- Standard status
- Active
- Size
- 3,222 SF
- Lot size
- 1.39 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1954
Listing Agency:
Got Key'D Realty
(313) 598-5100
Listed By:
Ali M Beydoun · License #6501394866
(313) 598-5100
Source:
Exitrealty
Added: May 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:35AM
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 Got Key'D Realty
Investment Insights
Based on property information with market context.
Turnkey auto body and mechanic shop offered fully operational, with tools and equipment included. The facility includes four service bays and outdoor parking, set on a 1.39-acre lot. The property also provides flexibility for growth, including the potential to expand or split the site.
The shop is located on a high-traffic corner of Gibraltar and Cahill in Flat Rock, Michigan, supported by an established business history described as over 30 years. The seller’s remarks also reference post-COVID revenues.
This is a complete, ready-to-run automotive repair site designed to support day-to-day service operations through its four-bay layout and included equipment.
The shop is located on a high-traffic corner of Gibraltar and Cahill in Flat Rock, Michigan, supported by an established business history described as over 30 years. The seller’s remarks also reference post-COVID revenues.
This is a complete, ready-to-run automotive repair site designed to support day-to-day service operations through its four-bay layout and included equipment.
Key Highlights
- Fully operational auto body and mechanic shop with 4 service bays
- 3,200 SF shop on a 1.39‑acre lot
- Sale includes all tools and equipment
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.4k | $14.40 |
| − Vacancy | −$2.8k | −$0.86 |
| EGI | $43.6k | $13.54 |
| − OpEx | −$13.1k | −$4.06 |
| NOI | $30.5k | $9.48 |
3,222 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 7.18%
Second Best
Industrial
$238.3K
$208.5K – $278.0K
NOI $16,681 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$596.5K
$522.0K – $696.0K
NOI $41,757 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- Big Clark's Towing and Recovery — 24723 mayfair st, flat rock, mi 48134
- Flatrock tire — 24599 Gibraltar Rd, Flat Rock, MI 48134
- Crest Ford, Inc. Service — 22675 Gibraltar Rd, Flat Rock, MI 48134
- Savory Mobile Windshield Repair & Replacement Team — 30231 dover, flat rock, mi 48134
- Crest Ford Flat Rock, Inc. Collision — 22675 Gibraltar Rd, Flat Rock, MI 48134
FAQs
What type of property is this?
Auto shop - Fully operational auto body and mechanic shop with four service bays and included tools and equipment.
Where is this auto shop located?
The property is located at 23940 GIBRALTAR Road Flat Rock, MI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Fully operational auto body and mechanic shop with 4 service bays; 3,200 SF shop on a 1.39‑acre lot; Sale includes all tools and equipment
