Six-Bay Automotive Service
For Sale
$265,000
16550 Wilson Avenue, Eastpointe, MI 48021
Fully occupied 6-bay masonry auto service building with office/reception, paved parking, and fenced rear storage.
Property Size2,850 SF
Lot Size0.24 Acres
Price / SF$92.98
Days on Market46
Property Features for 16550 Wilson Avenue
General Information
Standard status
Active
Size
2,850 SF
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
Commercial, Multiple
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
6
Taxes and HOA fees
Annual Taxes
$7,493
Building Details
Building Size
2,850 SF
Year Built
1986
Tenancy
Multi
Listing Agency:
Amin Realty
(248) 963-7048
Listed By:
Erick Howard · License #6501396565
(248) 963-7048
Source:
Phgrealty
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 23 at 6:07AM
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 Amin Realty
Investment Insights
Based on property information with market context.
This fully occupied masonry automotive service building was built in 1986 and totals 2,850 square feet. The layout includes six overhead service bays, a dedicated office/reception area, and a customer entrance. There is paved parking in front and a fenced rear storage area, supporting day-to-day operations for multiple vehicles.
The property is configured as two separate operating spaces. One side is leased to a window tinting company for $850 per month, and the other side is leased to an automotive repair shop for $950 per month, providing current rental income under in-place tenants.
Located in Eastpointe, the building is described as minutes from Gratiot Avenue and I-94, offering convenient regional access for customers and service vehicles. The site sits on a 10,454-square-foot lot.
The property is configured as two separate operating spaces. One side is leased to a window tinting company for $850 per month, and the other side is leased to an automotive repair shop for $950 per month, providing current rental income under in-place tenants.
Located in Eastpointe, the building is described as minutes from Gratiot Avenue and I-94, offering convenient regional access for customers and service vehicles. The site sits on a 10,454-square-foot lot.
Key Highlights
- 2,850 SF masonry commercial auto service building built in 1986 on a 10,454 SF lot
- Six overhead service bays for vehicle service and repair operations
- Front office and reception area with a customer entrance
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
$21,067
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
7.95%
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%
$421,340
$421.3K
Cap Rate 7%
$300,957
$301.0K
Cap Rate 9%
$234,078
$234.1K
Market Conditions
NOI Build-Up for 2,850 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
$34.2K $12.00/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$30.1K $10.56/SF
− OpEx
−$9.0K −$3.17/SF
NOI
$21.1K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /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%
$421,340
Cap Rate 7%
$300,957
Cap Rate 9%
$234,078
Alternative Uses
Best Use
Retail
$301.0K
$263.3K – $351.1K
NOI $21,067 @ 7.0% cap · market cap 7.95%
Second Best
Industrial
$219.5K
$192.1K – $256.1K
NOI $15,368 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Superstores 26%
Dining 22%
Dollar Tree
Shops & Services
18,315 visits/mo
0.4 miles
Big Lots
Superstores
14,843 visits/mo
0.5 miles
Olive Garden
Dining
12,676 visits/mo
0.3 miles
BP
Shops & Services
9,570 visits/mo
0.4 miles
The UPS Store
Shops & Services
2,633 visits/mo
0.5 miles
Demographics for 48021, MI
34,244
Population
14,124
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
5.1 sq mi
ZIP Area
6,715
Density / Sq Mi
$58,196
Median Household Income
$35,836
Median Earnings
$1,335
Median Rent
$129,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rpm Auto Repair — 16143 E 9 Mile Rd, Eastpointe, MI 48021
- Bestpointe Collision & Auto Care — 22744 Gratiot Ave, Eastpointe, MI 48021
- Johns BS auto repair — 16143 E 9 Mile Rd, Eastpointe, MI 48021
- GOODYEAR Eastpointe Service Center — 16800 E 9 Mile Rd, Eastpointe, MI 48021
- Muffler Man — 22700 Gratiot Ave, Eastpointe, MI 48021
Frequently Asked Questions
What type of property is this?
Auto shop - Fully occupied 6-bay masonry auto service building with office/reception, paved parking, and fenced rear storage.
Where is this auto shop located?
The property is located at 16550 Wilson Avenue Eastpointe, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,850 SF masonry commercial auto service building built in 1986 on a 10,454 SF lot; Six overhead service bays for vehicle service and repair operations; Front office and reception area with a customer entrance
