Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Auto Shop with Garage Doors Title is generated by Realmo AI

    28805 Carlysle St, Inkster, MI 48141

    View on Map
    Claim this Listing
    For Sale
    $50,000

    Auto shop in good location, needs some TLC.

    Property size:
    1,800 SF
    Price / SF:
    $27/SF
    Added:
    Jul 26, 2024
    Days on Market:
    671
    Last Refresh:
    May 19 at 1:23 pm

    Property Features for 28805 Carlysle St

    General Information

    Standard status
    Active
    Size
    1,800 SF

    We can help!

    Listing Contact
    Peggy Bishop-Lucas

    Listing agent Peggy Bishop-Lucas

    Listing office Murray's Real Estate Services

    Listing date Jul 26, 2024

    Source Exprealty

    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 Murray's Real Estate Services

    HighLights

    • Good Location
    • Two Garage Service Doors
    • Nice Building
    • Sold As Is
    • Needs Some TLC

    Overview

    This is an 1,800 square foot commercial property suitable for auto shops, automotive properties, and retail spaces. The building features two garage service doors and is located in a good location. Please note that the property needs some TLC and is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Toreano's Automotive Repair L.L.C. — 3931 Farnum, Inkster, MI 48141
    • Precise Auto Repair — 30243 Michigan Ave, Inkster, MI 48141
    • Hayes Expert Collision — 3713 Springhill Ave, Inkster, MI 48141
    • Harrison Collision — 28043 Carlysle St, Inkster, MI 48141
    • Stones Collision Inc — 30191 Michigan Ave, Inkster, MI 48141

    Location Insight

    • Map
    • Local Demand
    City
    Inkster
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3239272
    Latitude
    42.2823018

    Nearby Similar for Sale

    • $199,999
      4,900 SF

      Inkster Commercial Property For Sale

      Barrier-free residential treatment facility, formerly a worship center.
      3041 John Daly Street, Inkster, MI 48141
      View Details
    • $599,900

      Established Car Dealership on Michigan

      Long-standing used car dealership in Inkster, high-traffic location.
      26639 Michigan Ave, Inkster, MI 48141
      View Details
    • $550,000
      7,000 SF

      Renovated Industrial Building For Sale

      7,000 sq ft building with renovations and land contract.
      26110 MICHIGAN Ave, Inkster, MI 48141
      View Details
    • $445,000
      8,854 SF

      Church with Living Quarters

      Church with living quarters, kitchen, parking on 4.25 acres.
      27800 Annapolis Ave, Inkster, MI, 48141
      View Details
    • $249,900

      Inkster Road Commercial Building For Sale

      Commercial building with parking and high potential on Inkster Road.
      1055 Inkster Rd, Inkster, MI 48141
      View Details
    • $2,290,000

      Retail/Warehouse/Mixed-Use Opportunity

      Longstanding retail location suitable for warehousing or mixed-use development.
      29865 Michigan Avenue, Inkster, MI, 48141
      View Details
    • $599,900
      1,046 SF

      Established Car Dealership on Michigan Avenue

      Long-standing used car dealership in Inkster, high-traffic location.
      26639 Michigan Avenue, Inkster, MI 48141
      View Details
    • $75,000

      Turnkey Restaurant with Unique Concept

      Fully equipped restaurant with self-serve cooking experience for sale.
      1082 Inkster Rd, Inkster, MI
      View Details
    • $550,000
      4,900 SF

      New Building in Airport District

      Versatile 4,900 SF space suitable for various business uses.
      29721 Michigan Ave, Inkster, MI 48141
      View Details
    • $99,900

      Mechanic Shop Prime Location

      Mechanic shop for sale with excellent income potential.
      28474 Michigan Ave, Inkster, MI, 48141-2144
      View Details
    • $199,000
      2,342 SF

      Industrial Property for Sale

      Industrial property available for sale, featuring 2342 square feet.
      28664 Michigan Ave, Inkster, MI 48141
      View Details
    • $459,000
      2,500 SF

      Retail Space For Sale

      Retail space available for sale, 2500 square feet.
      1025 Middlebelt Rd, Inkster, MI 48141
      View Details

    FAQs

    What type of property is this?
    Auto shop - Auto shop in good location, needs some TLC.
    Where is this auto shop located?
    The property is located at 28805 Carlysle St Inkster, MI.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Good Location; Two Garage Service Doors; Nice Building
    (734) 306-1066
    We can help!
    Listing Contact
    Peggy Bishop-Lucas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28805 Carlysle St, Inkster, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!