Turnkey Automotive Facility in Hazel
For Sale
Contact for pricing
23011 Dequindre Rd, Hazel Park, MI 48030
Fully integrated automotive facility with sales, service, and collision repair.
Property Size3,960 SF
Price / SF$290.40
Days on Market173
Property Features for 23011 Dequindre Rd
General Information
Standard status
Active
Size
3,960 SF
Class
B
Property subtype
Business for Sale
Zoning
II
Investment Type
Owner/User
Building Details
Year Built
1956
Buildings
1
Stories
1
Units
1
Listing Agency:
TDG Commercial
Listed By:
Brock Bean · License #462328
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 10 at 7:36AM
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 TDG Commercial
Investment Insights
Based on property information with market context.
This is a turnkey automotive facility designed to support retail sales, mechanical service, and collision repair. Located in the high-traffic Dequindre corridor of Hazel Park, this property offers operational scale for a new owner looking to enter or expand within the Metro Detroit market. The property features a six-bay configuration, including four front-facing bays for quick service and two rear bays for deeper repair workflows. This site includes a collision center equipped with a double-exhaust paint booth. The sale includes the real estate, business, and essential shop equipment. Positioned within an established automotive trade area, the site benefits from frontage and consistent drive-by exposure. Its proximity to both I-75 and I-696 provides regional access for vehicle sourcing and customer reach across Ferndale, Royal Oak, and Madison Heights. With a dealership license and infrastructure for three revenue streams—sales, mechanical, and body/paint—the facility offers income durability. Significant upside remains through the optimization of bay scheduling and the expansion of municipal or state licensing to fully formalize the repair and collision wings. The property size is 3,960 square feet.
Key Highlights
- Turnkey automotive facility including real estate, business, and equipment.
- Located in high‑traffic Dequindre corridor of Hazel Park, Metro Detroit.
- Features six‑bay configuration including collision center with double‑exhaust paint booth.
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
$42,611
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
3.71%
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%
$852,220
$852.2K
Cap Rate 7%
$608,729
$608.7K
Cap Rate 9%
$473,456
$473.5K
Market Conditions
NOI Build-Up for 3,960 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
$66.5K $16.80/SF
− Vacancy
−$5.7K −$1.43/SF
EGI
$60.9K $15.37/SF
− OpEx
−$18.3K −$4.61/SF
NOI
$42.6K $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%
$852,220
Cap Rate 7%
$608,729
Cap Rate 9%
$473,456
Alternative Uses
Best Use
Retail
$608.7K
$532.6K – $710.2K
NOI $42,611 @ 7.0% cap · market cap 3.71%
Second Best
Industrial
$280.3K
$245.3K – $327.0K
NOI $19,620 @ 7.0% cap · market cap 1.71%
Theoretical Best
Specialty Retail
$854.1K
$747.4K – $996.5K
NOI $59,790 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 43%
Electronics 7%
Beauty & Spa 5%
Taco Bell
Dining
13,560 visits/mo
0.5 miles
BP
Shops & Services
6,411 visits/mo
0.0 miles
Marathon
Shops & Services
4,742 visits/mo
0.0 miles
Metro by T-Mobile
Electronics
2,100 visits/mo
0.0 miles
Citgo
Shops & Services
1,680 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
- U-Haul Neighborhood Dealer — 22626 Dequindre Rd, Warren, MI 48091
Frequently Asked Questions
What type of property is this?
Automotive property - Fully integrated automotive facility with sales, service, and collision repair.
Where is this automotive property located?
The property is located at 23011 Dequindre Rd Hazel Park, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Turnkey automotive facility including real estate, business, and equipment.; Located in high‑traffic Dequindre corridor of Hazel Park, Metro Detroit.; Features six‑bay configuration including collision center with double‑exhaust paint booth.
