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    Turn-Key 4-Bay Oil Change Shop Title is generated by Realmo AI

    161 Groesbeck Highway, Macomb, MI 48043

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    Claim this Listing
    Pending
    $5,000/Mo $26 SF/Yr (calc)

    COMMERCIAL - Macomb, MI

    Property size:
    2,300 SF
    Lot size:
    3.00 Acres
    Added:
    Dec 12, 2025
    Days on Market:
    174
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 161 Groesbeck Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Pending
    APN
    1110403007
    Size
    2,300 SF
    Lot size
    3.00 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Joseph Fanelli

    Listing agent Joseph Fanelli License #6501465510

    Listing office Professional Leasing & Sales LLC 42450 Hayes Ste 5, Shelby Township, MI

    Listing date Dec 12, 2025

    MLS# 50196022

    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

    • Turn‑key 4‑bay oil change operation built in 1991
    • Public water source
    • Includes equipment built out and ready for a new operator to take over
    • Generous signage available on the plaza marquee
    • Landlord reports no charge for the business; closed due to poor management

    Overview

    This property is a turn-key, built-out 4-bay oil change operation designed for immediate use by a qualified automotive operator. The space is set up as an oil change shop and is presented as ready for a new business to take over, with equipment already in place.

    The site is located at 161 Groesbeck Highway in Macomb, Michigan (48043). The landlord indicates signage is available on the plaza marquee, supporting brand visibility for an on-site service business.

    For tenants or operators seeking a ready-to-run automotive service concept, the existing 4-bay configuration and installed equipment can reduce the time typically required to set up an oil change operation. The offering is being marketed as a business-ready space intended for an operator who can take over the existing setup and continue service operations. Prospective users should review all terms and requirements directly with the landlord, as the public remarks include additional conditions related to starting the business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • KBW Hotrods-Detroit — 37623 S Groesbeck Hwy, Clinton Twp, MI 48036
    • Binge's — 37319 Little Mack Ave, Clinton Twp, MI 48036
    • Binge's LTD — 37319 Little Mack Ave, Clinton Twp, MI 48036
    • Pride Auto Repair — 37319 Little Mack Ave, Clinton Twp, MI 48036
    • TrueLine Automotive — 37297 S Groesbeck Hwy, Clinton Twp, MI 48036

    Map

    City
    Macomb
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8814
    Latitude
    42.5974

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    FAQs

    What type of property is this?
    Auto shop - Turn-key 4-bay oil change setup with equipment in place and ready for a new automotive operator.
    Where is this auto shop located?
    The property is located at 161 Groesbeck Highway Macomb, MI.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Turn‑key 4‑bay oil change operation built in 1991; Public water source; Includes equipment built out and ready for a new operator to take over
    (586) 615-9813
    We can help!
    Listing Contact
    Joseph Fanelli
    Real Estate License ID: 6501465510
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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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    161 Groesbeck Highway, Macomb, MI 48043
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