Automotive Repair Property with
New
For Sale
$435,000
2511 N Parma Road, Parma, MI 49269
COMMERCIAL - Parma, MI
Property Size4,800 SF
Lot Size2.11 Acres
Price / SF$90.63
Days on Market2
Property Features for 2511 N Parma Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Western
Middle school district
Western
High school district
Western
Standard status
Active
APN
000-07-30-176-001-04
Size
4,800 SF
Lot size
2.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NW COR OF SEC 30 TH S ALG W SEC LN 2170.47 FT TH S 89DEG 29'37''E 618 FT TO A PT FOR PL OF BEG OF THIS DESCN TH N
Tax Annual Amount
5272
Legal Description
BEG AT NW COR OF SEC 30 TH S ALG W SEC LN 2170.47 FT TH S 89DEG 29'37''E 618 FT TO A PT FOR PL OF BEG OF THIS DESCN TH N
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Forced Air, Space Heater
Water source
Well
Amenities
vehicle pits
Building Details
Year built
1993
Floors in Building
1
Number of units
18
Building materials
Block, Vinyl Siding
Roof type
Composition, Metal
Listing Agency:
ERA Reardon Realty, L.L.C.
(517) 782-2996
Listed By:
PHILLIP M MORGAN · License #6502108104
(517) 204-4385
Added: Aug 7
Last Checked: Aug 8 at 5:06PM
MLS# 26041352
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes a 4,800-square-foot former automotive repair facility with three service bays and two vehicle pits. A separate self-storage building contains 18 units, while the 2.11-acre site also includes room for parking and outdoor storage. Building features include block and vinyl siding, composition and metal roofing, forced-air and space-heater systems, broadband, a well, and a septic tank. The structure was built in 1993.
Located at 2511 N Parma Road in Parma, Michigan, the property is positioned seconds from the I-94 interchange. The site provides access to Jackson, Battle Creek, Ann Arbor, and surrounding areas. Its address is in Jackson County, within ZIP code 49269.
Located at 2511 N Parma Road in Parma, Michigan, the property is positioned seconds from the I-94 interchange. The site provides access to Jackson, Battle Creek, Ann Arbor, and surrounding areas. Its address is in Jackson County, within ZIP code 49269.
Key Highlights
- 4,800‑square‑foot former automotive repair facility
- Three service bays and two vehicle pits
- Separate self‑storage building with 18 units
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
$33,348
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
7.67%
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%
$666,960
$667.0K
Cap Rate 7%
$476,400
$476.4K
Cap Rate 9%
$370,533
$370.5K
Market Conditions
NOI Build-Up for 4,800 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
$53.0K $11.04/SF
− Vacancy
−$5.4K −$1.12/SF
EGI
$47.6K $9.92/SF
− OpEx
−$14.3K −$2.98/SF
NOI
$33.3K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /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%
$666,960
Cap Rate 7%
$476,400
Cap Rate 9%
$370,533
Alternative Uses
Best Use
Self Storage
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 9.79%
Second Best
Warehouse
$578.5K
$506.2K – $674.9K
NOI $40,494 @ 7.0% cap · market cap 9.31%
Theoretical Best
Office A
$766.2K
$670.5K – $894.0K
NOI $53,637 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49269, MI
5,874
Population
2,083
Households
2.8
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
55.8 sq mi
ZIP Area
105
Density / Sq Mi
$83,933
Median Household Income
$50,372
Median Earnings
$967
Median Rent
$200,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oil Zone — 2511 N Parma Rd, Parma, MI 49269
- J&T Repair — 2505 N Parma Rd, Parma, MI 49269
Frequently Asked Questions
What type of property is this?
Auto shop - Former repair operations include service bays and vehicle pits, with a separate storage component on the site.
Where is this auto shop located?
The property is located at 2511 N Parma Road Parma, MI.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 4,800‑square‑foot former automotive repair facility; Three service bays and two vehicle pits; Separate self‑storage building with 18 units
