Building Details

Year built 1995

Floors in Building 1

Flooring type Tile

Roof type Metal

Listing Agency: Remax Results

Listed By: Brittany Owens · License #105285 Show Phone

Added: Oct 1 Last Checked: Oct 4 at 2:06PM

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MLS# 21930611

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Investment Insights

Based on property information with market context.

The 2,500-square-foot property sits on 0.73 acres and is currently used for vehicle detailing. Built in 1995, the improvements include tile flooring, natural gas heat, central air, and a metal roof. Public water and sewer serve the property, with a driveway and parking lot for vehicle access. The sale is as-is, and inspections are at the buyer’s expense.

The interior buildings have not been open to the public for years. Earlier uses included a car wash, restaurant, laundry, barber shop, and retail store.

Key Highlights

• 2,500 square feet on a 0.73‑acre parcel
• Currently used for vehicle detailing
• Built in 1995; metal roof, central air, and natural gas heat

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

$15,120

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

6.17%

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%

$302,400 $302.4K

Cap Rate 7%

$216,000 $216.0K

Cap Rate 9%

$168,000 $168.0K

Market Conditions

NOI Build-Up for 2,500 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

$24.0K $9.60/SF

− Vacancy

−$2.4K −$0.96/SF

EGI

$21.6K $8.64/SF

− OpEx

−$6.5K −$2.59/SF

NOI

$15.1K $6.05/SF

Area

DeKalb County, AL

Vacancy

10.00%

Lease Rate

$9.60 /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%

$302,400

Cap Rate 7%

$216,000

Cap Rate 9%

$168,000

Alternative Uses

Best Use

Specialty Retail

$394.2K

$344.9K – $459.9K (±1% cap)

NOI $27,591 @ 7.0% cap · market cap 11.26%

Second Best

Retail

$216.0K

$189.0K – $252.0K (±1% cap)

NOI $15,120 @ 7.0% cap · market cap 6.17%

Theoretical Best

Healthcare Medical

$402.8K

$352.4K – $469.9K (±1% cap)

NOI $28,193 @ 7.0% cap · market cap 11.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,474 visits/mo 0.4 miles

Demographics for 35988, AL

1,871

Population

901

Households

2.1

Avg Household Size

38

Median Age

23%

College-Educated

83%

High-School Grad

12.3 sq mi

ZIP Area

152

Density / Sq Mi

$53,036

Median Household Income

$26,742

Median Earnings

$628

Median Rent

$128,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Auto shop - An operating vehicle-detailing business uses the site, while the interior buildings have been closed to the public for years.

Where is this auto shop located?

The property is located at 23186 Hwy 75 Sylvania, AL.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: 2,500 square feet on a 0.73‑acre parcel; Currently used for vehicle detailing; Built in 1995; metal roof, central air, and natural gas heat