Auto Repair Shop with Loading
25968 Waltz Rd, New Boston, MI 48164
For Sale
$849,900
A freestanding, equipped facility with B-2 zoning and truck- and bus-capable loading docks.
Property Size5,200 SF
Lot Size0.63 Acres
Price / SF$163.44
Days on Market50
Property Features for 25968 Waltz Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
high overhead doors
4 loading docks
paint booth
receptionist and waiting area
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Top Agent Referral LLC
Listed By:
Glenn Silvenis · License MI #226970
(734) 699-4000
Source:
Elliman
Added: Sep 26
Changed: Nov 7
Last Checked: Nov 12 at 9:08AM
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 Top Agent Referral LLC
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Investment Insights
Based on property information with market context.
This 5,200-square-foot freestanding auto repair and collision facility was built in 2001 on a 0.63-acre parcel. The building includes four loading docks sized for trucks and buses, a four-point hoist, paint booth, receptionist station and waiting area. The property also carries a Class B used car license, repair facility license and salvage license; these approvals do not transfer automatically, and continued operations would require state and local licensing and zoning approvals.
The site has 276 feet of frontage on Waltz Road and is located in New Boston, Michigan. I-94, I-275 and Detroit Metro Airport are described as minutes away. Manheim Detroit Auto Auction is 2 miles from the property, and IAA Auto Auction is approximately 10 miles away.
Expansion options for an impound yard or small dealership are subject to city approval. Equipment is included in the sale.
The site has 276 feet of frontage on Waltz Road and is located in New Boston, Michigan. I-94, I-275 and Detroit Metro Airport are described as minutes away. Manheim Detroit Auto Auction is 2 miles from the property, and IAA Auto Auction is approximately 10 miles away.
Expansion options for an impound yard or small dealership are subject to city approval. Equipment is included in the sale.
Key Highlights
- 5,200 square‑foot freestanding auto repair and collision building, built in 2001
- 0.63‑acre site with 276 feet of frontage on Waltz Road
- Four loading docks accommodate trucks and buses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,271
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,420
$985.4K
Cap Rate 7%
$703,871
$703.9K
Cap Rate 9%
$547,456
$547.5K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$74.9K $14.40/SF
− Vacancy
−$4.5K −$0.86/SF
EGI
$70.4K $13.54/SF
− OpEx
−$21.1K −$4.06/SF
NOI
$49.3K $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 Rate 5%
$985,420
Cap Rate 7%
$703,871
Cap Rate 9%
$547,456
Alternative Uses
Best Use
Retail
$703.9K
$615.9K – $821.2K
NOI $49,271 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$384.6K
$336.5K – $448.7K
NOI $26,921 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$962.7K
$842.4K – $1.12M
NOI $67,392 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48164, MI
9,676
Population
3,625
Households
2.7
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
30.3 sq mi
ZIP Area
319
Density / Sq Mi
$111,173
Median Household Income
$57,148
Median Earnings
$1,495
Median Rent
$313,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Wayne County, MI
Properties on Market for Auto shops in Wayne County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Clarence's RV Services — 26265 Leontine Rd, New Boston, MI 48164
- Bozzo Inc. New Boston Auto Repair — 25968 Waltz Rd, New Boston, MI 48164
- GDR — 24200 Waltz Rd, New Boston, MI 48164
Frequently Asked Questions
What type of property is this?
Auto shop - A freestanding, equipped facility with B-2 zoning and truck- and bus-capable loading docks.
Where is this auto shop located?
The property is located at 25968 Waltz Rd New Boston, MI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 5,200 square‑foot freestanding auto repair and collision building, built in 2001; 0.63‑acre site with 276 feet of frontage on Waltz Road; Four loading docks accommodate trucks and buses
