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    Automotive Detailing Shop with Office Title is generated by Realmo AI

    163 N Groesbeck Highway, Macomb, MI 48043

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    Claim this Listing
    For Lease
    $2,299/Mo $18 SF/Yr (calc)

    COMMERCIAL - Macomb, MI

    Property size:
    1,500 SF
    Added:
    Dec 18, 2025
    Days on Market:
    168
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 163 N Groesbeck Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    1,500 SF

    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 18, 2025

    MLS# 50196346

    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

    • 1500 SF shop on busy Groesbeck highway
    • Year built 1991
    • Includes lobby area and private office
    • Tall overhead garage doors allow customers to pull vehicles into the shop
    • Public water service

    Overview

    This offering is a 1,500-square-foot automotive shop designed for service-style work, with a lobby area and a private office. The layout includes vehicle access through tall overhead garage doors, allowing customers to pull vehicles directly into the space. The property is presented for uses such as window tint, vinyl wrap, ceramic coating, or high-end car detailing, with a stated restriction that no mechanical work will be permitted due to conflicts of interest with other tenants.

    The shop is located on busy Groesbeck Highway in Macomb, Michigan. The property is positioned for drive-up customer access given the overhead door configuration and direct vehicle entry.

    For tenants seeking a dedicated environment for appearance-focused automotive services, this space supports an end-to-end customer workflow with an office for operations and a lobby area for client interaction. The overhead door access is particularly practical for day-to-day detailing appointments, while the no-mechanical-work restriction keeps the suite aligned with compatible service uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    • EGR Clean — 23495 Lakepoint Dr, Clinton Twp, MI 48036
    • Buck's Garage — 43550 N Groesbeck Hwy, Clinton Twp, MI 48036
    • Chris' Transmission, Inc. — 43621 N Gratiot Ave, Clinton Twp, MI 48036
    • Cummins Sales and Service — 43575 N Gratiot Ave, Clinton Twp, MI 48036
    • Shores Trailer Sales — 43614 N Gratiot Ave, 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 - Freestanding auto shop with tall overhead doors, lobby, and private office for detailing and related services.
    Where is this auto shop located?
    The property is located at 163 N Groesbeck Highway Macomb, MI.
    What is the lease rate?
    The lease rate is $2,299 /Mo.
    What are key features of this property?
    This property features: 1500 SF shop on busy Groesbeck highway; Year built 1991; Includes lobby area and private office
    (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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    163 N Groesbeck Highway, Macomb, MI 48043
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