Established Auto Repair Business
For Sale
Contact for pricing
2401 Fort Street, Trenton, MI 48183
Turnkey auto repair business with real estate for sale.
Property Size4,000 SF
Price / SF$337.50
Days on Market181
Property Features for 2401 Fort Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Industrial, Office
Building Details
Year Built
1967
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Dearborn
(313) 706-7011
Listed By:
Nick Jaafar · License #6501403947
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 11 at 10:42AM
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 KW Commercial Dearborn
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire an established auto repair business along with the real estate. The fully operational general auto repair facility includes a main service shop and an additional side building. The property features six garage doors, a roof approximately four years old, new plumbing, and a newer heating system. The business is offered as a turnkey opportunity, complete with four hoists and approximately $200,000 in included equipment, including a tire balancer and changer, alignment machine, air compressor, pipe benders, and additional essential shop equipment. The property size is 4000 square feet. Attractive land contract terms are available with 50% down and a three-year term, with additional terms negotiable. Additional details and financial information are available upon request. This is ideal for an owner-operator or investor seeking a thriving automotive business and real estate with immediate income potential.
Key Highlights
- Turnkey auto repair business with real estate included, offering immediate income potential.
- Approximately $200,000 in included equipment, including hoists, tire equipment, alignment machine, and more.
- Well‑maintained property with recent updates: new plumbing, newer heating system, and a roof approximately four years old.
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
$37,901
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
2.81%
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%
$758,020
$758.0K
Cap Rate 7%
$541,443
$541.4K
Cap Rate 9%
$421,122
$421.1K
Market Conditions
NOI Build-Up for 4,000 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
$57.6K $14.40/SF
− Vacancy
−$3.5K −$0.86/SF
EGI
$54.1K $13.54/SF
− OpEx
−$16.2K −$4.06/SF
NOI
$37.9K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /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%
$758,020
Cap Rate 7%
$541,443
Cap Rate 9%
$421,122
Alternative Uses
Best Use
Retail
$541.4K
$473.8K – $631.7K
NOI $37,901 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$295.8K
$258.9K – $345.1K
NOI $20,708 @ 7.0% cap · market cap 1.53%
Theoretical Best
Specialty Retail
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
Tim Hortons
Dining
10,201 visits/mo
0.4 miles
Mobil
Shops & Services
2,985 visits/mo
0.4 miles
Jet's Pizza
Dining
1,576 visits/mo
0.5 miles
Prime Storage
Shops & Services
395 visits/mo
0.3 miles
Dairy Queen
Dining
376 visits/mo
0.3 miles
Demographics for 48183, MI
42,447
Population
18,095
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
18.0 sq mi
ZIP Area
2,358
Density / Sq Mi
$82,020
Median Household Income
$51,534
Median Earnings
$1,009
Median Rent
$214,000
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair business with real estate for sale.
Where is this auto shop located?
The property is located at 2401 Fort Street Trenton, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Turnkey auto repair business with real estate included, offering immediate income potential.; Approximately $200,000 in included equipment, including hoists, tire equipment, alignment machine, and more.; Well‑maintained property with recent updates: new plumbing, newer heating system, and a roof approximately four years old.
