Collision Repair Shop with Paint
29300 Goddard, Romulus, MI 48192
For Sale
$890,000
Shop, office, lobby, and customer-intake areas are supported by three-phase power and collision equipment.
Property Size6,900 SF
Lot Size0.79 Acres
Price / SF$128.99
Days on Market133
Property Features for 29300 Goddard
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Utilities to Site
Additional Details
Automotive Uses
Real Estate Included
Amenities
3-phase power
overhead doors
10-15 ft doors
lighting
on-site parking
central air
forced air/natural gas heat
rubber roof
slab foundation
Security Lighting
Building Details
Buildings
Listing Agency:
Exp Realty Main
(888) 501-7085
Listed By:
Fadi Dabaja · License MI #6506045188
(313) 600-6189
Source:
Jabachler
Added: Jul 2
Changed: Nov 11
Last Checked: Nov 11 at 2:09AM
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 Main
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured for automotive repair, this approximately 6,900-square-foot commercial and industrial building includes shop space, offices, a lobby, customer intake area, and bathrooms. Seller-represented equipment includes a paint booth, frame racks, hoists, compressors, and shop air. The property also has three-phase power, overhead doors, a fenced lot, lighting, and on-site parking. Central air and forced-air natural gas heat serve the building, which has a rubber roof and slab foundation.
The site is near DTW and the I-94, I-275, Goddard, and Middlebelt corridors, with 210 feet of frontage. Zoning is identified as Professional Office, Commercial, and Industria. The current operator is relocating after outgrowing the facility.
The site is near DTW and the I-94, I-275, Goddard, and Middlebelt corridors, with 210 feet of frontage. Zoning is identified as Professional Office, Commercial, and Industria. The current operator is relocating after outgrowing the facility.
Key Highlights
- Approximately 6,900 SF commercial and industrial building
- Seller‑represented paint booth, frame racks, hoists, compressors, and shop air
- Three‑phase power and overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,379
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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 48192, MI
25,058
Population
11,441
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
91%
High-School Grad
5.3 sq mi
ZIP Area
4,728
Density / Sq Mi
$67,846
Median Household Income
$42,999
Median Earnings
$995
Median Rent
$159,700
Median Home Value
Market
Average Price Trend$/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
- AES Towing & Recovery — 28501 Goddard Rd Suite 104, Romulus, MI 48174
- Auto Collision Pros LLC — 29300 Goddard Rd, Romulus, MI 48174
- 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
Frequently Asked Questions
What type of property is this?
Auto shop - Shop, office, lobby, and customer-intake areas are supported by three-phase power and collision equipment.
Where is this auto shop located?
The property is located at 29300 Goddard 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: Approximately 6,900 SF commercial and industrial building; Seller‑represented paint booth, frame racks, hoists, compressors, and shop air; Three‑phase power and overhead doors
