Auto Repair Corner
For Sale
$210,000
2569 Lapeer Ave, Port Huron, MI 48060
Corner property suited for an auto repair or detail shop with a newly installed Duralast roof and skylights.
Property Size2,204 SF
Price / SF$95.28
Days on Market394
Property Features for 2569 Lapeer Ave
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Retail
Zoning
C1
Amenities
skylights
Building Details
Building Size
2,204 SF
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Kramer Commercial Realty
Listed By:
Gerry Kramer
(810) 434-8560
Source:
Cpix.resimplifi
Added: Aug 11, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:38AM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
This auto-focused corner property is well suited for an auto repair or detail shop. The building includes a newly installed Duralast roof and skylights, providing updated overhead roofing and natural light through the skylight openings.
The listing notes good visibility for the location, supported by its corner setting.
The seller is offering the property for sale. Owner/Broker represented.
The listing notes good visibility for the location, supported by its corner setting.
The seller is offering the property for sale. Owner/Broker represented.
Key Highlights
- Corner property suited for an auto repair or detail shop
- Year built: 1968
- New Duralast roof installed
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
$12,913
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
6.15%
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%
$258,260
$258.3K
Cap Rate 7%
$184,471
$184.5K
Cap Rate 9%
$143,478
$143.5K
Market Conditions
NOI Build-Up for 2,204 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
$19.8K $9.00/SF
− Vacancy
−$1.4K −$0.63/SF
EGI
$18.4K $8.37/SF
− OpEx
−$5.5K −$2.51/SF
NOI
$12.9K $5.86/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /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%
$258,260
Cap Rate 7%
$184,471
Cap Rate 9%
$143,478
Alternative Uses
Best Use
Retail
$407.0K
$356.1K – $474.9K
NOI $28,491 @ 7.0% cap · market cap 13.57%
Second Best
Industrial
$184.5K
$161.4K – $215.2K
NOI $12,913 @ 7.0% cap · market cap 6.15%
Theoretical Best
Multifamily LT 5
$1.66M
$1.45M – $1.93M
NOI $115,983 @ 7.0% cap · market cap 55.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Groceries 26%
Shops & Services 13%
Superstores 7%
Kroger
Groceries
34,427 visits/mo
0.5 miles
McDonald's
Dining
25,291 visits/mo
0.5 miles
Taco Bell
Dining
13,592 visits/mo
0.2 miles
Tim Hortons
Dining
12,081 visits/mo
0.2 miles
Big Lots
Superstores
11,778 visits/mo
0.2 miles
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
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.
Similar Off Market Nearby
- Tow-N-Go Solutions — 3350 Griswold Rd, Port Huron, MI 48060
- Hendersons Auto Care — 1504 24th St, Port Huron, MI 48060
- Mph Auto & Truck Repair, Llc — 1577 24th St, Port Huron, MI 48060
- South Port Pennzoil — 1510 24th St, Port Huron, MI 48060
- Lee's Auto & Truck Repair — 2403 Griswold St, Port Huron, MI 48060
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property suited for an auto repair or detail shop with a newly installed Duralast roof and skylights.
Where is this auto shop located?
The property is located at 2569 Lapeer Ave Port Huron, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Corner property suited for an auto repair or detail shop; Year built: 1968; New Duralast roof installed
