Auto Dealership with
19420 W Warren Ave, Detroit, MI 48228
For Sale
$449,900
A separate-entry upper-level apartment sits above glass-partitioned offices, with newer furnaces serving both levels.
Property Size1,680 SF
Price / SF$267.80
Days on Market61
Property Features for 19420 W Warren Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Automotive Uses
Amenities
exterior signage
upper-level apartment
updated entry doors and windows
fresh paint
porcelain tile flooring
modern lighting
glass-partitioned offices
newer furnaces
Building Details
Year Built
Buildings
Construction
Listing Agency:
Got Key'D Realty
Listed By:
Ali M Beydoun · License MI #6501394866
(313) 598-5100
Source:
Vmrealestatemichigan
Added: Sep 10
Changed: Nov 6
Last Checked: Nov 8 at 7:09AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This auto dealership property has a brick-and-stucco exterior, updated entry doors and windows, and interior improvements including fresh paint, porcelain tile, and modern lighting. Glass-partitioned offices support the dealership layout, while an upper-level apartment has its own entrance at the rear. Newer furnaces serve both floors, and exterior signage is in place. The sale includes the building, land extending to the white pavement, and the existing auto dealer license. Black pavement is excluded, and the included land is subject to the legal description.
The property is near the Dearborn–Detroit border. The dealership has 2024 finance approval and current city licensing.
The property is near the Dearborn–Detroit border. The dealership has 2024 finance approval and current city licensing.
Key Highlights
- Existing auto dealer license is included; current city licensing and 2024 finance approval
- Upper‑level apartment has a separate rear entrance
- Glass‑partitioned office areas and exterior signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,692
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,840
$413.8K
Cap Rate 7%
$295,600
$295.6K
Cap Rate 9%
$229,911
$229.9K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$31.2K $18.60/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$29.6K $17.60/SF
− OpEx
−$8.9K −$5.28/SF
NOI
$20.7K $12.32/SF
Area
ZIP 48228
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,840
Cap Rate 7%
$295,600
Cap Rate 9%
$229,911
Alternative Uses
Best Use
Retail
$295.6K
$258.7K – $344.9K
NOI $20,692 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$140.8K
$123.2K – $164.3K
NOI $9,859 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$345.1K
$301.9K – $402.6K
NOI $24,155 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
7,187 visits/mo
0.1 miles
Valero Energy
Shops & Services
7,140 visits/mo
0.2 miles
Citgo
Shops & Services
4,583 visits/mo
0.5 miles
AutoZone
Shops & Services
3,680 visits/mo
0.2 miles
Comerica Bank
Shops & Services
2,390 visits/mo
0.1 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Automotive properties in Detroit, MI
Properties on Market for Automotive properties in Detroit
Vacancy Rate% for Retail in Detroit, MI
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 20125 Ann Arbor Trail, Dearborn Heights, MI 48127
- ATM — 18741 W Warren Ave, Detroit, MI 48228
Frequently Asked Questions
What type of property is this?
Automotive property - A separate-entry upper-level apartment sits above glass-partitioned offices, with newer furnaces serving both levels.
Where is this automotive property located?
The property is located at 19420 W Warren Ave Detroit, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Existing auto dealer license is included; current city licensing and 2024 finance approval; Upper‑level apartment has a separate rear entrance; Glass‑partitioned office areas and exterior signage
