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For Sale
$750,000
13995 W Michigan Ave, Marshall, MI 49068
The property includes a showroom, workshop, storage room, and fenced outdoor storage area.
Property Size3,680 SF
Lot Size1.03 Acres
Price / SF$203.80
Days on Market2
Property Features for 13995 W Michigan Ave
General Information
Standard status
Active
Size
3,680 SF
Total Parking Spaces
15
Lot size
1.03 Acres
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Central air
half bath
showroom
workshop
large storage room
overhead doors
fenced outdoor storage area
abundance of windows & lights
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Harrington Real Estate Group
Listed By:
Scott T Harrington · License #6502363056
(269) 964-5182
Source:
Katie-k
Added: Sep 18
Last Checked: Sep 19 at 10:37AM
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 Harrington Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1980, this 3,680-square-foot auto shop occupies 1.03 acres and is currently used as a detail shop. The interior includes a showroom with abundant windows and lighting, a workshop, and a large storage room, with overhead doors serving the workshop and storage areas. Central air and a half bath are also included.
The property is located at 13995 W Michigan Ave in Marshall, Michigan, directly across from the Ford BlueOval Battery Park. Paved parking accommodates at least 15 cars, while a fenced outdoor storage area adds secured exterior functionality. The combination of customer-facing showroom space, work areas, storage, and outdoor enclosure supports continued automotive use.
The property is located at 13995 W Michigan Ave in Marshall, Michigan, directly across from the Ford BlueOval Battery Park. Paved parking accommodates at least 15 cars, while a fenced outdoor storage area adds secured exterior functionality. The combination of customer-facing showroom space, work areas, storage, and outdoor enclosure supports continued automotive use.
Key Highlights
- 3,680‑square‑foot auto shop on 1.03 acres
- Directly across from the Ford BlueOval Battery Park
- Showroom with abundant windows and lighting
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
$38,202
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
5.09%
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%
$764,040
$764.0K
Cap Rate 7%
$545,743
$545.7K
Cap Rate 9%
$424,467
$424.5K
Market Conditions
NOI Build-Up for 3,680 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
$57.0K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$54.6K $14.83/SF
− OpEx
−$16.4K −$4.45/SF
NOI
$38.2K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$764,040
Cap Rate 7%
$545,743
Cap Rate 9%
$424,467
Alternative Uses
Best Use
Retail
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$325.1K
$284.5K – $379.3K
NOI $22,760 @ 7.0% cap · market cap 3.03%
Theoretical Best
Healthcare Medical
$43.65M
$38.20M – $50.93M
NOI $3,055,743 @ 7.0% cap · market cap 407.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49068, MI
14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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- Collision Center Marshall — 13321 15 Mile Rd, Marshall, MI 49068
- Performance Automotiv — 13401 15 Mile Rd, Marshall, MI 49068
- Bud's Towing — 13341 15 Mile Rd, Marshall, MI 49068
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes a showroom, workshop, storage room, and fenced outdoor storage area.
Where is this auto shop located?
The property is located at 13995 W Michigan Ave Marshall, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,680‑square‑foot auto shop on 1.03 acres; Directly across from the Ford BlueOval Battery Park; Showroom with abundant windows and lighting
