Collision-Ready Auto Repair
For Sale
Contact for pricing
29300 Goddard Road, Romulus, MI 48174
Functional collision-ready shop with 3-phase power, overhead doors, fenced lot, and included equipment for auto repair operators.
Property Size6,900 SF
Lot Size0.79 Acres
Price / SF$128.99
Days on Market49
Property Features for 29300 Goddard Road
General Information
Standard status
Active
Size
6,900 SF
Class
A
Total Parking Spaces
60
Lot size
0.79 Acres
Property subtype
Industrial, Land, Retail
Zoning
Commercial, Heavy Industrial, Light Industrial, Office
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
1970
Year Renovated
2022
Buildings
3
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Exp Realty, LLC
(313) 600-6189
Listed By:
Fadi Dabaja · License #6506045188
Source:
Crexi
Added: Jul 3
Changed: Aug 14
Last Checked: Aug 19 at 10:58AM
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 Exp Realty, LLC
Investment Insights
Based on property information with market context.
This collision-ready auto repair facility is designed for an operator needing an efficient shop layout and collision-focused infrastructure. The property includes a functional commercial/industrial building with offices, a lobby and bathrooms, and operational shop space. Site and building features include 3-phase power, central air, forced air/natural gas heat, a rubber roof, slab foundation, and multiple overhead doors ranging from 10 to 15 feet. The grounds include a fenced lot with outside lighting and on-site parking, supporting vehicle work and staging.
The property is located near DTW and major area routes including I-94 and I-275, with proximity to Goddard and Middlebelt. It offers approximately 210 feet of frontage on about 0.79 acres, providing both building access and outdoor space for repair-related workflows.
The facility is currently set up for collision, mechanic, and auto repair use, with seller-represented equipment that includes a paint booth, frame racks, hoists, compressors/shop air, and operational tools supporting shop production. With power and overhead access already in place, the next owner-user can focus on operating within a ready-to-work footprint rather than building out core components from scratch. The included equipment and shop configuration are particularly relevant for collision and auto body operations, fleet repair, contractor service work, or industrial service use where vehicle intake, repair work, and vehicle staging are needed.
The property is located near DTW and major area routes including I-94 and I-275, with proximity to Goddard and Middlebelt. It offers approximately 210 feet of frontage on about 0.79 acres, providing both building access and outdoor space for repair-related workflows.
The facility is currently set up for collision, mechanic, and auto repair use, with seller-represented equipment that includes a paint booth, frame racks, hoists, compressors/shop air, and operational tools supporting shop production. With power and overhead access already in place, the next owner-user can focus on operating within a ready-to-work footprint rather than building out core components from scratch. The included equipment and shop configuration are particularly relevant for collision and auto body operations, fleet repair, contractor service work, or industrial service use where vehicle intake, repair work, and vehicle staging are needed.
Key Highlights
- Approx. 6,900 SF commercial/industrial collision‑ready shop on approx. 0.79 acres with 210 ft frontage
- Configured for collision, mechanic, and auto repair use with a functional shop layout and customer intake/lobby area
- 3‑phase power, forced air/natural gas heat, and central air plus a rubber roof and slab foundation
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
$65,379
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
7.35%
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%
$1,307,580
$1.3M
Cap Rate 7%
$933,986
$934.0K
Cap Rate 9%
$726,433
$726.4K
Market Conditions
NOI Build-Up for 6,900 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
$99.4K $14.40/SF
− Vacancy
−$6.0K −$0.86/SF
EGI
$93.4K $13.54/SF
− OpEx
−$28.0K −$4.06/SF
NOI
$65.4K $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%
$1,307,580
Cap Rate 7%
$933,986
Cap Rate 9%
$726,433
Alternative Uses
Best Use
Retail
$934.0K
$817.2K – $1.09M
NOI $65,379 @ 7.0% cap · market cap 7.35%
Second Best
Industrial
$510.3K
$446.5K – $595.4K
NOI $35,722 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,424 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,199 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,417 visits/mo
0.4 miles
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
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
- Patriot Truck & Trailer Services — 28501 Hildebrandt St, Romulus, MI 48174
- Kades Garage — 28601 Hildebrandt St, Romulus, MI 48174
- United Tank Trailer/Custom Tank Services — 10200 Harrison St, Romulus, MI 48174
- AES Towing & Recovery — 28501 Goddard Rd Suite 104, Romulus, MI 48174
- Auto Collision Pros LLC — 29300 Goddard Rd, Romulus, MI 48174
Frequently Asked Questions
What type of property is this?
Auto shop - Functional collision-ready shop with 3-phase power, overhead doors, fenced lot, and included equipment for auto repair operators.
Where is this auto shop located?
The property is located at 29300 Goddard Road Romulus, MI.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Approx. 6,900 SF commercial/industrial collision‑ready shop on approx. 0.79 acres with 210 ft frontage; Configured for collision, mechanic, and auto repair use with a functional shop layout and customer intake/lobby area; 3‑phase power, forced air/natural gas heat, and central air plus a rubber roof and slab foundation
