Turnkey Auto Repair
For Sale
Contact for pricing
4750 Conner St, Detroit, MI 48215
Turnkey auto repair building totaling 2,100 SF with fully gated security and centralized access.
Property Size2,100 SF
Price / SF$85.71
Days on Market485
Property Features for 4750 Conner St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
RETAIL
Zoning
M-2
Site & Location
Road Access
Yes
Fenced Yard
Yes
Amenities
Fully Gated Property
Building Details
Buildings
1
Abandoned
No
Listing Agency:
NAI Farbman - Corporate
(248) 351-4367
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Moodyscre
Added: Apr 25, 2025
Changed: Aug 17
Last Checked: Aug 22 at 11:34AM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This turnkey auto repair building offers approximately 2,100 square feet of well-maintained space built for automotive service use. The property is described as extremely well maintained and includes a fully gated setup for added security and controlled access.
The site is positioned for strong commercial exposure with ample main road footage. Access is noted as easy with centralized ingress and egress, supporting straightforward daily operations.
Zoned M-2, the property is presented for sale as a ready-to-use automotive repair building in the Detroit area.
The site is positioned for strong commercial exposure with ample main road footage. Access is noted as easy with centralized ingress and egress, supporting straightforward daily operations.
Zoned M-2, the property is presented for sale as a ready-to-use automotive repair building in the Detroit area.
Key Highlights
- Turnkey auto repair building totaling 2,100 SF
- Fully gated property with security
- Centralized location with easy ingress and egress
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
$10,214
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
5.67%
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%
$204,280
$204.3K
Cap Rate 7%
$145,914
$145.9K
Cap Rate 9%
$113,489
$113.5K
Market Conditions
NOI Build-Up for 2,100 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
$15.4K $7.32/SF
− Vacancy
−$781 −$0.37/SF
EGI
$14.6K $6.95/SF
− OpEx
−$4.4K −$2.08/SF
NOI
$10.2K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /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%
$204,280
Cap Rate 7%
$145,914
Cap Rate 9%
$113,489
Alternative Uses
Best Use
Retail
$369.5K
$323.3K – $431.1K
NOI $25,866 @ 7.0% cap · market cap 14.37%
Second Best
Industrial
$145.9K
$127.7K – $170.2K
NOI $10,214 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$463.3K
$405.4K – $540.5K
NOI $32,429 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 35%
Apparel 12%
Groceries 12%
Citgo
Shops & Services
11,725 visits/mo
0.5 miles
Wendy's
Dining
9,352 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,368 visits/mo
0.1 miles
Save-A-Lot
Groceries
7,571 visits/mo
0.2 miles
BP
Shops & Services
5,997 visits/mo
0.2 miles
Demographics for 48215, MI
10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mack Beniteau Services — 11145 Mack Ave, Detroit, MI 48214
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- Just Dynafix Mobile Truck and Trailer Repair — 4611 Fairview St, Detroit, MI 48214
- C&C 1 Stop Auto Repair — 12910 Mack Ave, Detroit, MI 48215
- Express Quick Lube — 4750 Conner St, Detroit, MI 48215
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair building totaling 2,100 SF with fully gated security and centralized access.
Where is this auto shop located?
The property is located at 4750 Conner St Detroit, MI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Turnkey auto repair building totaling 2,100 SF; Fully gated property with security; Centralized location with easy ingress and egress
