Automotive Property with Small
For Sale
$89,900
19371 Van Dyke Street, Detroit, MI 48234
Commercial-zoned automotive property with a small existing building and extensive Van Dyke Street frontage.
Property Size720 SF
Price / SF$124.86
Days on Market216
Property Features for 19371 Van Dyke Street
General Information
Standard status
Active
Size
720 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Cash, Contract
Site & Location
Road Frontage
300 ft
Road Access
Yes
Building Details
Building Size
720 SF
Year Built
1950
Buildings
1
Listing Agency:
Brookstone, Realtors LLC
(810) 459-9217
Listed By:
Tariq Herish · License #MISPE-6501293554
(810) 459-9217
Source:
Sabudarealty
Added: Jan 16
Changed: Aug 15
Last Checked: Aug 19 at 2:45PM
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 Brookstone, Realtors LLC
Investment Insights
Based on property information with market context.
This commercial-zoned automotive property includes a small building and 15 individual lots. The site offers approximately 300 feet of frontage along Van Dyke Street, supporting a visible automotive-oriented layout. The existing building was constructed in 1950. Located at 19371 Van Dyke Street in Detroit, Michigan, the property is classified within automotive properties and commercial real estate.
Key Highlights
- Commercial zoning
- 15 individual lots
- Approximately 300 feet of frontage on Van Dyke Street
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
$3,502
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
3.90%
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%
$70,040
$70.0K
Cap Rate 7%
$50,029
$50.0K
Cap Rate 9%
$38,911
$38.9K
Market Conditions
NOI Build-Up for 720 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
$5.3K $7.32/SF
− Vacancy
−$268 −$0.37/SF
EGI
$5.0K $6.95/SF
− OpEx
−$1.5K −$2.08/SF
NOI
$3.5K $4.86/SF
Area
Detroit, MI
Vacancy
5.08%
Lease Rate
$7.32 /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%
$70,040
Cap Rate 7%
$50,029
Cap Rate 9%
$38,911
Alternative Uses
Best Use
Retail
$126.7K
$110.9K – $147.8K
NOI $8,868 @ 7.0% cap · market cap 9.86%
Second Best
Industrial
$50.0K
$43.8K – $58.4K
NOI $3,502 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$158.8K
$139.0K – $185.3K
NOI $11,118 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 90%
Shops & Services 6%
Electronics 4%
McDonald's
Dining
15,307 visits/mo
0.2 miles
Burger King
Dining
13,368 visits/mo
0.3 miles
U-Haul
Shops & Services
1,781 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,272 visits/mo
0.2 miles
Demographics for 48234, MI
31,442
Population
15,688
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
84%
High-School Grad
7.8 sq mi
ZIP Area
4,031
Density / Sq Mi
$36,473
Median Household Income
$31,587
Median Earnings
$965
Median Rent
$57,100
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Commercial-zoned automotive property with a small existing building and extensive Van Dyke Street frontage.
Where is this automotive property located?
The property is located at 19371 Van Dyke Street Detroit, MI.
What is the asking price?
The asking price for this property is $89,900.
What are key features of this property?
This property features: Commercial zoning; 15 individual lots; Approximately 300 feet of frontage on Van Dyke Street
