Building Details

Year Built 1970

Buildings 1

Construction pole barn

Listing Agency: GoodHome Realty, LLC

Listed By: Quinton Lemond Show Phone

Source: Goodhomemi

Added: Oct 7 Changed: Oct 28 Last Checked: Oct 28 at 3:13PM

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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 GoodHome Realty, LLC

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Investment Insights

Based on property information with market context.

This automotive property comprises a pole barn and 3.19 acres, with no residence on the site. The building has two garage doors and a separate service door, providing multiple points of entry. Power is available up to 400 Amps, and well water is located in a shed. The building was constructed in 1970.

Key Highlights

• 3.19‑acre site with a pole barn and no residence
• Power capacity of up to 400 Amps
• Two garage doors and one service door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,374

Suggested Prices Based on Cap Rates

Cap Rate 5%

$187,480 $187.5K

Cap Rate 7%

$133,914 $133.9K

Cap Rate 9%

$104,156 $104.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$14.4K $9.00/SF

− Vacancy

−$1.0K −$0.63/SF

EGI

$13.4K $8.37/SF

− OpEx

−$4.0K −$2.51/SF

NOI

$9.4K $5.86/SF

Area

St. Clair County, MI

Vacancy

7.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$187,480

Cap Rate 7%

$133,914

Cap Rate 9%

$104,156

Alternative Uses

Best Use

Retail

$295.5K

$258.5K – $344.7K (±1% cap)

NOI $20,683 @ 7.0% cap · market cap 1,378.87%

Second Best

Industrial

$133.9K

$117.2K – $156.2K (±1% cap)

NOI $9,374 @ 7.0% cap · market cap 624.93%

Theoretical Best

Multifamily LT 5

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,198 @ 7.0% cap · market cap 5,613.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48014, MI

4,323

Population

1,763

Households

2.5

Avg Household Size

40

Median Age

10%

College-Educated

90%

High-School Grad

36.8 sq mi

ZIP Area

117

Density / Sq Mi

$70,341

Median Household Income

$42,244

Median Earnings

$827

Median Rent

$208,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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4,704 SF

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Contact for pricing

22,000 SF

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Frequently Asked Questions

What type of property is this?

Auto shop - The pole barn has garage access, a separate service entrance, and well water in a shed.

Where is this auto shop located?

The property is located at 16135 PETZ Road Capac, MI.

What are key features of this property?

This property features: 3.19‑acre site with a pole barn and no residence; Power capacity of up to 400 Amps; Two garage doors and one service door