Auto Repair and Sales
For Sale
Contact for pricing
22411 S Chrysler Dr, Hazel Park, MI 48030
BC-1-zoned property with automotive repair and sales office functions.
Property Size2,000 SF
Lot Size0.18 Acres
Price / SF$249.50
Days on Market142
Property Features for 22411 S Chrysler Dr
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
35
Lot size
0.18 Acres
Property subtype
Retail
Zoning
BC-1
Site & Location
Traffic Count
155,396 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1971
Buildings
1
Listing Agency:
Farbman Group
(248) 351-4367
Listed By:
Jacob Brown · License #6501461436
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Apr 24 at 10:06PM
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 Farbman Group
Investment Insights
Based on property information with market context.
The property includes a 2,000-square-foot building configured for auto repair and sales office use. The site contains 35 free surface parking spaces and occupies a 0.18-acre lot totaling 7,841 square feet.
Located at the southeast corner of John R and I-75 in Hazel Park, the property offers access to the surrounding road network with established ingress and egress. Reported traffic volume is 155,396 CPD, providing a substantial transportation corridor setting for an automotive-oriented operation.
Located at the southeast corner of John R and I-75 in Hazel Park, the property offers access to the surrounding road network with established ingress and egress. Reported traffic volume is 155,396 CPD, providing a substantial transportation corridor setting for an automotive-oriented operation.
Key Highlights
- 2,000 SF auto repair and sales office building
- BC‑1 zoning
- 0.18 AC lot totaling 7,841 SF
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
$21,521
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
4.31%
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%
$430,420
$430.4K
Cap Rate 7%
$307,443
$307.4K
Cap Rate 9%
$239,122
$239.1K
Market Conditions
NOI Build-Up for 2,000 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
$33.6K $16.80/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$30.7K $15.37/SF
− OpEx
−$9.2K −$4.61/SF
NOI
$21.5K $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%
$430,420
Cap Rate 7%
$307,443
Cap Rate 9%
$239,122
Alternative Uses
Best Use
Retail
$307.4K
$269.0K – $358.7K
NOI $21,521 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$141.6K
$123.9K – $165.2K
NOI $9,909 @ 7.0% cap · market cap 1.99%
Theoretical Best
Specialty Retail
$431.4K
$377.5K – $503.3K
NOI $30,197 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
155,396 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
161k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 34%
Shops & Services 25%
Kroger
Groceries
54,587 visits/mo
0.3 miles
McDonald's
Dining
22,311 visits/mo
0.2 miles
Tim Hortons
Dining
15,379 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,531 visits/mo
0.3 miles
Wendy's
Dining
9,974 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Shahara Autosales Inc — 20910 John R Rd, Hazel Park, MI 48030
- Shellback Manufacturing Co — 1320 E Elza Ave, Hazel Park, MI 48030
- Karana Auto Care — 21701 John R Rd, Hazel Park, MI 48030
- Capital Tire — 1310 Academy St, Ferndale, MI 48220
- A & Jay Automotive Warehouse — 1507 jarvis st, ferndale, mi 48220
Frequently Asked Questions
What type of property is this?
Auto shop - BC-1-zoned property with automotive repair and sales office functions.
Where is this auto shop located?
The property is located at 22411 S Chrysler Dr Hazel Park, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,000 SF auto repair and sales office building; BC‑1 zoning; 0.18 AC lot totaling 7,841 SF
