Auto Dealership with
19420 W Warren Avenue Detroit, MI 48228
19420 W Warren Avenue, Detroit, MI, 48228
Contact for pricing
For Sale
Contact for pricing
Brick and stucco dealership building with updated interior finishes, office glass partitions, and a separate upper apartment entrance.
Property Size1,680 SF
Price / SF$297.44
Days on Market87
Property Features for 19420 W Warren Avenue
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing agency
Got Key'D Realty
(313) 598-5100
Listed by
Ali Beydoun · License #6501394866
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 7:24PM Checked: Jul 21 at 7:24PM
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 Got Key'D Realty
Investment Insights
Based on property information with market context.
This property is currently utilized as a licensed auto dealership and includes 2024 finance approval and current city licensing. The building features a brick and stucco exterior with updated entry doors and windows. Interior improvements include fresh paint, porcelain tile flooring, and modern lighting, along with a layout that provides glass-partitioned office spaces.
An exterior signage presence supports dealership operations. The property also includes an upper-level apartment with a separate rear entrance. Both levels are serviced by newer furnaces.
The sale includes the structure and the land extending from the building to the white pavement only; black pavement is excluded. Land included is subject to the legal description.
An exterior signage presence supports dealership operations. The property also includes an upper-level apartment with a separate rear entrance. Both levels are serviced by newer furnaces.
The sale includes the structure and the land extending from the building to the white pavement only; black pavement is excluded. Land included is subject to the legal description.
Key Highlights
- 1925 brick and stucco building currently used as a licensed auto dealership with city licensing and 2024 finance approval
- Exterior updates include updated entry doors and windows, plus exterior signage
- Interior updates include fresh paint, porcelain tile flooring, and modern lighting
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $18.60 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $29.6k | $17.60 |
| − OpEx | −$8.9k | −$5.28 |
| NOI | $20.7k | $12.32 |
1,680 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$295.6K
$258.7K – $344.9K
NOI $20,692 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$140.8K
$123.2K – $164.3K
NOI $9,859 @ 7.0% cap · market cap 1.97%
Theoretical Best
Office A
$345.1K
$301.9K – $402.6K
NOI $24,155 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Best deals auto group — 20636 W Warren Ave, Detroit, MI 48228
- Esparza Auto Glass — 6386 westwood st, detroit, mi 48228
- JSWORKSHOP — 6314 Warwick St, Detroit, MI 48228
- Mechanic Mobile — 6232 Grandville Ave, Detroit, MI 48228
- Warrendale Quick Lube — 20144 W Warren Ave, Detroit, MI 48228
FAQs
What type of property is this?
Auto shop - Brick and stucco dealership building with updated interior finishes, office glass partitions, and a separate upper apartment entrance.
Where is this auto shop located?
The property is located at 19420 W Warren Avenue Detroit, MI.
What is the asking price?
The asking price for this property is $499,700.
What are key features of this property?
This property features: 1925 brick and stucco building currently used as a licensed auto dealership with city licensing and 2024 finance approval; Exterior updates include updated entry doors and windows, plus exterior signage; Interior updates include fresh paint, porcelain tile flooring, and modern lighting
