Corner Auto
30985 Schoenherr Rd, Warren, MI 48088
For Sale
$1,600,000
The 4,640-square-foot building is identified for automotive service, with convenience retail and fast-food formats also noted as possibilities.
Property Size4,640 SF
Price / SF$344.83
Days on Market47
Property Features for 30985 Schoenherr Rd
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Road Access
Additional Details
Service Bays
Building Details
Year Built
Buildings
Tenancy
Listed By:
Frank C Hillman · License MI #6502431666
(586) 634-4500
Source:
Elliman
Added: Sep 26
Changed: Nov 11
Last Checked: Nov 10 at 9:07AM
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 Frank C Hillman
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Investment Insights
Based on property information with market context.
This 4,640-square-foot auto shop property includes an existing building at the corner of Schoenherr Road and 13 Mile Road. The real estate is offered separately from the operating business, and tenant rights remain in place. Automotive repair, convenience-store use, and fast-food use are identified as potential formats.
The site is at a corner described as carrying more than 75,000 vehicles per day across both roads combined. A Kroger development is across the street, and a Warren fire station is one-quarter mile away on Schoenherr Road.
The site is at a corner described as carrying more than 75,000 vehicles per day across both roads combined. A Kroger development is across the street, and a Warren fire station is one-quarter mile away on Schoenherr Road.
Key Highlights
- 4,640‑square‑foot building
- Corner location at Schoenherr Road and 13 Mile Road
- More than 75,000 vehicles daily on both roads combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,151
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,020
$1.1M
Cap Rate 7%
$816,443
$816.4K
Cap Rate 9%
$635,011
$635.0K
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$86.3K $18.60/SF
− Vacancy
−$4.7K −$1.00/SF
EGI
$81.6K $17.60/SF
− OpEx
−$24.5K −$5.28/SF
NOI
$57.2K $12.32/SF
Area
Warren, 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 Rate 5%
$1,143,020
Cap Rate 7%
$816,443
Cap Rate 9%
$635,011
Alternative Uses
Best Use
Retail
$816.4K
$714.4K – $952.5K
NOI $57,151 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$340.5K
$298.0K – $397.3K
NOI $23,837 @ 7.0% cap · market cap 1.49%
Theoretical Best
Office A
$1.02M
$895.7K – $1.19M
NOI $71,652 @ 7.0% cap · market cap 4.48%
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
8
Service bays
75,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
195k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Shops & Services 34%
Dining 31%
Kroger
Groceries
67,625 visits/mo
0.2 miles
McDonald's
Dining
30,656 visits/mo
0.1 miles
Burger King
Dining
23,406 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,501 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
17,073 visits/mo
0.1 miles
Demographics for 48088, MI
23,142
Population
9,633
Households
2.4
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
4.4 sq mi
ZIP Area
5,260
Density / Sq Mi
$79,137
Median Household Income
$48,452
Median Earnings
$1,144
Median Rent
$205,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Macomb County, MI
Properties on Market for Auto shops in Macomb County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Windshield Repair Today of Warren — 30780 schoenherr rd, warren, mi 48088
- Pride Auto Repair — 30985 Schoenherr Rd, Warren, MI 48088
- Used Transmission Warehouse — 13204 Masonic, Warren, MI 48088
Frequently Asked Questions
What type of property is this?
Auto shop - The 4,640-square-foot building is identified for automotive service, with convenience retail and fast-food formats also noted as possibilities.
Where is this auto shop located?
The property is located at 30985 Schoenherr Rd Warren, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,640‑square‑foot building; Corner location at Schoenherr Road and 13 Mile Road; More than 75,000 vehicles daily on both roads combined
