Automotive Repair Facility For
For Sale
$899,000
2933 W Davison Avenue W, Detroit, MI 48238
Fully equipped automotive repair and collision shop for sale.
Property Size4,096 SF
Price / SF$219.48
Days on Market308
Property Features for 2933 W Davison Avenue W
General Information
Standard status
Active
Size
4,096 SF
Property subtype
Commercial
Zoning
Commercial
Lease Term
Cash, Contract, Conventional
Taxes and HOA fees
Annual Taxes
$6,077
Building Details
Building Size
4,096 SF
Year Built
1941
Stories
1
Listing Agency:
Realtyflo Inc
(313) 466-7253
Listed By:
Martinus J Hutcherson
(313) 466-7253
Source:
Sabudarealty
Added: Oct 21, 2025
Changed: Aug 23
Last Checked: Aug 23 at 6:13AM
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 Realtyflo Inc
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a fully equipped automotive repair facility, complemented by a separate parcel designated for a collision shop. The property benefits from excellent visibility and ample parking, featuring versatile work areas suitable for various automotive services. The main building includes multiple service bays, office and reception space, and storage for parts and equipment. The adjacent parcel accommodates a fully functional collision center, complete with a paint booth and work bays. This setup is suited for expanding operations or generating additional rental income. Zoned for commercial use and conveniently located near major routes, this property represents a turnkey investment for owner-operators or investors within the automotive industry. The transaction encompasses parcel ID 12004443-5 (2901 W Davison). The property is being sold AS-IS.
Key Highlights
- Fully equipped automotive repair facility and separate collision shop parcel.
- Turnkey investment opportunity for owner‑operators or investors.
- Excellent visibility and ample parking.
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
$50,450
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
5.61%
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%
$1,009,000
$1.0M
Cap Rate 7%
$720,714
$720.7K
Cap Rate 9%
$560,556
$560.6K
Market Conditions
NOI Build-Up for 4,096 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
$76.2K $18.60/SF
− Vacancy
−$4.1K −$1.00/SF
EGI
$72.1K $17.60/SF
− OpEx
−$21.6K −$5.28/SF
NOI
$50.5K $12.32/SF
Area
Detroit, MI
Vacancy
5.40%
Lease Rate
$18.60 /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%
$1,009,000
Cap Rate 7%
$720,714
Cap Rate 9%
$560,556
Alternative Uses
Best Use
Retail
$720.7K
$630.6K – $840.8K
NOI $50,450 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$284.6K
$249.0K – $332.0K
NOI $19,922 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$903.6K
$790.7K – $1.05M
NOI $63,252 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 46%
Electronics 2%
Taco Bell
Dining
12,952 visits/mo
0.4 miles
Wendy's
Dining
9,889 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
8,852 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,752 visits/mo
0.3 miles
BP
Shops & Services
6,471 visits/mo
0.1 miles
Demographics for 48238, MI
25,747
Population
16,341
Households
1.6
Avg Household Size
37
Median Age
13%
College-Educated
84%
High-School Grad
5.4 sq mi
ZIP Area
4,768
Density / Sq Mi
$30,286
Median Household Income
$25,948
Median Earnings
$950
Median Rent
$58,700
Median Home Value
Market
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Fully equipped automotive repair and collision shop for sale.
Where is this auto shop located?
The property is located at 2933 W Davison Avenue W Detroit, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully equipped automotive repair facility and separate collision shop parcel.; Turnkey investment opportunity for owner‑operators or investors.; Excellent visibility and ample parking.
