Auto Service and Showroom
For Sale
Contact for pricing
2026 LAPEER AVE, Port Huron, MI 48060
Commercial C-1 building with nine service bays, vehicle access from all sides, and ample parking for automotive and service use.
Property Size6,088 SF
Price / SF$98.54
Days on Market73
Property Features for 2026 LAPEER AVE
General Information
Standard status
Active
Size
6,088 SF
Total Parking Spaces
50
Property subtype
Retail
Zoning
c-1
Additional Details
Road Access
Yes
Service Bays
9
Building Details
Stories
1
Units
1
Listing Agency:
Real Estate One
(810) 650-7861
Listed By:
Mark Ellis · License #6505431194
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 11 at 6:18AM
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 Real Estate One
Investment Insights
Based on property information with market context.
This versatile commercial building totals 6,088 square feet and is currently configured for auto service operations. The layout includes nine service bays with vehicle access from all four sides of the building, supporting efficient inbound and outbound movement. The interior offers a spacious main floor with restroom facilities and open service area. The exterior has been updated with steel siding and a stone façade designed for lower maintenance.
The property is located on Lapeer Avenue in Port Huron, positioned on a busy corridor with visibility and convenient accessibility. A generous parking area is available for customers, employees, inventory, fleet vehicles, or equipment.
The building’s former use as a tire shop and automobile dealership provides a practical foundation for automotive-related tenants and other service or light commercial concepts that benefit from multiple vehicle access points. With C-1 Commercial zoning, the second-story space, which includes a former apartment, may offer flexibility for offices, owner-occupied living quarters, employee housing, or additional storage, subject to local approvals. This combination of bay count, multi-sided access, parking, and zoning flexibility is well-suited for operators seeking a purpose-built commercial facility with room to reconfigure.
The property is located on Lapeer Avenue in Port Huron, positioned on a busy corridor with visibility and convenient accessibility. A generous parking area is available for customers, employees, inventory, fleet vehicles, or equipment.
The building’s former use as a tire shop and automobile dealership provides a practical foundation for automotive-related tenants and other service or light commercial concepts that benefit from multiple vehicle access points. With C-1 Commercial zoning, the second-story space, which includes a former apartment, may offer flexibility for offices, owner-occupied living quarters, employee housing, or additional storage, subject to local approvals. This combination of bay count, multi-sided access, parking, and zoning flexibility is well-suited for operators seeking a purpose-built commercial facility with room to reconfigure.
Key Highlights
- 6,000 SF C‑1 commercial building on busy Lapeer Road in Port Huron.
- Nine service bays with vehicle access from all four sides for flexible automotive/service operations.
- Ample parking area for customers, employees, inventory, fleet vehicles, or equipment.
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
$43,313
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
7.22%
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%
$866,260
$866.3K
Cap Rate 7%
$618,757
$618.8K
Cap Rate 9%
$481,256
$481.3K
Market Conditions
NOI Build-Up for 6,088 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
$54.8K $9.00/SF
− Vacancy
−$3.8K −$0.63/SF
EGI
$51.0K $8.37/SF
− OpEx
−$7.6K −$1.26/SF
NOI
$43.3K $7.11/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$866,260
Cap Rate 7%
$618,757
Cap Rate 9%
$481,256
Alternative Uses
Best Use
Retail
$1.12M
$983.7K – $1.31M
NOI $78,699 @ 7.0% cap · market cap 13.12%
Second Best
Warehouse
$618.8K
$541.4K – $721.9K
NOI $43,313 @ 7.0% cap · market cap 7.22%
Theoretical Best
Multifamily LT 5
$4.58M
$4.00M – $5.34M
NOI $320,373 @ 7.0% cap · market cap 53.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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- Midwest Automotive — 580 32nd St, Port Huron, MI 48060
- Lee's Auto & Truck Repair — 2403 Griswold St, Port Huron, MI 48060
- South Port Pennzoil — 1510 24th St, Port Huron, MI 48060
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial C-1 building with nine service bays, vehicle access from all sides, and ample parking for automotive and service use.
Where is this auto shop located?
The property is located at 2026 LAPEER AVE Port Huron, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 6,000 SF C‑1 commercial building on busy Lapeer Road in Port Huron.; Nine service bays with vehicle access from all four sides for flexible automotive/service operations.; Ample parking area for customers, employees, inventory, fleet vehicles, or equipment.
