Auto Shop with
For Sale
$99,000
16120 S Us Highway 27, Lansing, MI 48906
Garage property includes a dedicated bathroom and additional office area.
Property Size800 SF
Price / SF$123.75
Days on Market156
Property Features for 16120 S Us Highway 27
General Information
Standard status
Active
Size
800 SF
Taxes and HOA fees
Annual Taxes
$719
Amenities
office space
bath
Listing Agency:
Home Towne Real Estate
(517) 372-2273
Listed By:
Rose Gedeon · License #6501401379
(517) 803-7573
Source:
Exprealty
Added: May 13
Changed: Oct 8
Last Checked: Oct 15 at 12:06AM
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 Home Towne Real Estate
Investment Insights
Based on property information with market context.
This auto shop property consists of a garage with separate office space and a bathroom. The site is located at 16120 S Us Highway 27 in Lansing, Michigan, providing a defined commercial setting for automotive operations or another use compatible with the existing improvements.
Key Highlights
- Garage structure with office space
- On‑site bathroom included
- Located at 16120 S Us Highway 27 in Lansing, MI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,241
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,820
$144.8K
Cap Rate 7%
$103,443
$103.4K
Cap Rate 9%
$80,456
$80.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$12.0K $15.00/SF
− Vacancy
−$1.7K −$2.07/SF
EGI
$10.3K $12.93/SF
− OpEx
−$3.1K −$3.88/SF
NOI
$7.2K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$144,820
Cap Rate 7%
$103,443
Cap Rate 9%
$80,456
Alternative Uses
Best Use
Retail
$103.4K
$90.5K – $120.7K
NOI $7,241 @ 7.0% cap · market cap 7.31%
Second Best
Flex RnD
$88.3K
$77.2K – $103.0K
NOI $6,178 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$164.7K
$144.1K – $192.1K
NOI $11,527 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Darold's Small Engine — 16555 Old U.S. 27, Lansing, MI 48906
- Leon's Transmission Repair — 1232 W State Rd, Lansing, MI 48906
- Cooper Body Shop — 1221 W State Rd, Lansing, MI 48906
- Redline Auto Service — 16040 S Old U.S. 27, Lansing, MI 48906
- American Towing, Inc. — 15890 Old U.S. 27, Lansing, MI 48906
Frequently Asked Questions
What type of property is this?
Auto shop - Garage property includes a dedicated bathroom and additional office area.
Where is this auto shop located?
The property is located at 16120 S Us Highway 27 Lansing, MI.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Garage structure with office space; On‑site bathroom included; Located at 16120 S Us Highway 27 in Lansing, MI
