Renovated Auto Business
For Sale
Contact for pricing
17206 E Thirteen Mile Rd, Roseville, MI 48066
Turnkey 3,800 SF building renovated in 2025 for auto business.
Property Size3,800 SF
Lot Size0.67 Acres
Price / SF$144.74
Days on Market159
Property Features for 17206 E Thirteen Mile Rd
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
20
Lot size
0.67 Acres
Property subtype
Retail, Industrial
Zoning
B-3 General Business
Building Details
Year Built
1965
Year Renovated
2025
Listing Agency:
P.A. Commercial Corporate & Investment Real Estate
(258) 358-5361
Listed By:
Kevin Bull · License #MI
Source:
Crexi
Added: Mar 11
Changed: Aug 12
Last Checked: Aug 14 at 9:51PM
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 P.A. Commercial Corporate & Investment Real Estate
Investment Insights
Based on property information with market context.
This 3,800 SF building, renovated in 2025, is suitable for any auto-related business. The property is zoned B-3 General Business, offering flexibility for other uses. It is located on 13 Mile Rd near Groesbeck Hwy, with a traffic count of 19,000 cars per day. The property includes a 0.67-acre lot with a new concrete driveway and parking area that can be fenced. The 2,800 SF warehouse features LED lights, epoxy floors, a security system, and AC. It also has a 10'7" overhead door, 11’9” clear height, 14’2” to decking, and 200 AMP power. The 1,000 SF office area includes a lounge, private office, and two restrooms. The property is located on the south side of 13 Mile Rd, east of Groesbeck Hwy and Utica Rd, and one mile west of I-94, inside the Macomb County business corridor near I-696 and M-59.
Key Highlights
- Turn‑key 3,800 SF building renovated in 2025, ideal for auto‑related business or other ventures.
- High‑visibility location on 13 Mile Rd near Groesbeck Hwy, with a traffic count of 19,000 vehicles per day.
- B‑3 General Business zoning allows for a variety of uses.
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
$28,090
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
5.11%
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%
$561,800
$561.8K
Cap Rate 7%
$401,286
$401.3K
Cap Rate 9%
$312,111
$312.1K
Market Conditions
NOI Build-Up for 3,800 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
$45.6K $12.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$40.1K $10.56/SF
− OpEx
−$12.0K −$3.17/SF
NOI
$28.1K $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%
$561,800
Cap Rate 7%
$401,286
Cap Rate 9%
$312,111
Alternative Uses
Best Use
Retail
$401.3K
$351.1K – $468.2K
NOI $28,090 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$355.4K
$311.0K – $414.7K
NOI $24,881 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$711.4K
$622.5K – $830.0K
NOI $49,799 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48066, MI
47,789
Population
22,116
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
90%
High-School Grad
9.9 sq mi
ZIP Area
4,827
Density / Sq Mi
$61,222
Median Household Income
$38,978
Median Earnings
$1,175
Median Rent
$142,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- S — 31560 Groesbeck Hwy, Fraser, MI 48026
Frequently Asked Questions
What type of property is this?
Automotive property - Turnkey 3,800 SF building renovated in 2025 for auto business.
Where is this automotive property located?
The property is located at 17206 E Thirteen Mile Rd Roseville, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turn‑key 3,800 SF building renovated in 2025, ideal for auto‑related business or other ventures.; High‑visibility location on 13 Mile Rd near Groesbeck Hwy, with a traffic count of 19,000 vehicles per day.; B‑3 General Business zoning allows for a variety of uses.
