Turnkey Mechanic Shop &
For Sale
Contact for pricing
22031 Dequindre Rd, Hazel Park, MI 48030
Fully equipped mechanic shop and auto dealership in Hazel Park.
Property Size2,908 SF
Price / SF$120.36
Days on Market199
Property Features for 22031 Dequindre Rd
General Information
Standard status
Active
Size
2,908 SF
Class
B
Property subtype
Business for Sale
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$150,000
Listing Agency:
Icon Realty Experts
Listed By:
Jerry Nahhas · License #6505433390
Source:
Crexi
Added: Jan 24
Changed: Aug 8
Last Checked: Aug 10 at 12:16PM
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 Icon Realty Experts
Investment Insights
Based on property information with market context.
This automotive property in Hazel Park is available for lease. The recently remodeled and well-maintained facility features a fully equipped mechanic shop and an on-site Class B licensed auto dealership. The service shop includes three car lifts, one of which is a heavy-duty lift, five drive-in bay doors, and a spacious work area. Situated on a double lot, the property provides a good-sized parking area, excellent street frontage, and strong traffic exposure. The dealership component is already established with multiple financing options available. Ideal uses for the property include an auto repair or service center, a used car dealership, or an owner-operator automotive business. It could also serve as an expansion location for an existing operator.
Key Highlights
- Turnkey mechanic shop and Class B auto dealership, ready for immediate operation.
- Includes three car lifts (one heavy‑duty) and five drive‑in bay doors.
- High‑traffic Hazel Park location with excellent street frontage and visibility.
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
$31,291
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
8.94%
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%
$625,820
$625.8K
Cap Rate 7%
$447,014
$447.0K
Cap Rate 9%
$347,678
$347.7K
Market Conditions
NOI Build-Up for 2,908 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
$48.9K $16.80/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$44.7K $15.37/SF
− OpEx
−$13.4K −$4.61/SF
NOI
$31.3K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /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%
$625,820
Cap Rate 7%
$447,014
Cap Rate 9%
$347,678
Alternative Uses
Best Use
Retail
$447.0K
$391.1K – $521.5K
NOI $31,291 @ 7.0% cap · market cap 8.94%
Second Best
Industrial
$205.8K
$180.1K – $240.1K
NOI $14,408 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$627.2K
$548.8K – $731.8K
NOI $43,906 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
McDonald's
Dining
25,578 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,681 visits/mo
0.5 miles
Mobil
Shops & Services
16,293 visits/mo
0.4 miles
Church's Chicken
Dining
5,169 visits/mo
0.3 miles
AutoZone
Shops & Services
4,277 visits/mo
0.2 miles
Demographics for 48030, MI
14,983
Population
7,149
Households
2.1
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
2.8 sq mi
ZIP Area
5,351
Density / Sq Mi
$62,878
Median Household Income
$42,374
Median Earnings
$1,221
Median Rent
$141,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
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- Prime Collision — 2325 8 Mile Rd, Warren, MI 48091
- All Star Auto Glass — 2373 8 Mile Rd, Warren, MI 48091
Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped mechanic shop and auto dealership in Hazel Park.
Where is this auto shop located?
The property is located at 22031 Dequindre Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Turnkey mechanic shop and Class B auto dealership, ready for immediate operation.; Includes three car lifts (one heavy‑duty) and five drive‑in bay doors.; High‑traffic Hazel Park location with excellent street frontage and visibility.
