Auto Service Building with
3420 S Lapeer Unit SourceFi Metamora, MI 48455
3420 S Lapeer Unit SourceFi, Metamora, MI, 48455
$2,200,000
For Sale
$2,200,000
New 9,000 sq. ft auto service building plus 6,000 sq. ft showroom on a site with extensive road frontage.
Property Size15,000 SF
Lot Size11.00 Acres
Price / SF$146.67
Days on Market150
Property Features for 3420 S Lapeer Unit SourceFi
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 11.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 20
Listing Agency
@properties Christie's Int'l R E Rochester
(248) 505-2716
Listed by
Kyle Matta · License #6501391152
(248) 505-2716
Source
Xome
Added: Feb 20 Updated: Jul 19 at 1:43 am Checked: Jul 20 at 1:38 am
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 @properties Christie's Int'l R E Rochester
Investment Insights
Based on property information with market context.
This property offers a new 9,000 sq. ft auto service building and an additional 6,000 sq. ft showroom, designed to support flexible automotive operations. The site is described as an 11-acre parcel with room to accommodate a variety of business configurations, with the seller noting that splits may be possible.
The property is located off M-24 with over 500 feet of frontage, and it also provides additional 400+ feet of frontage off Pratt, offering multiple lines of approach. It is also described as minutes from I-69, supporting convenient access for customers and deliveries.
As presented, the combination of dedicated service space and a separate showroom provides a practical layout for businesses needing both vehicle service and on-site sales or display space.
The property is located off M-24 with over 500 feet of frontage, and it also provides additional 400+ feet of frontage off Pratt, offering multiple lines of approach. It is also described as minutes from I-69, supporting convenient access for customers and deliveries.
As presented, the combination of dedicated service space and a separate showroom provides a practical layout for businesses needing both vehicle service and on-site sales or display space.
Key Highlights
- 11‑acre site with 500+ ft frontage off M‑24 and an additional 400+ ft frontage off Pratt
- New 9,000 sq. ft auto service building
- 6,000 sq. ft showroom included
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $12.00 |
| − Vacancy | −$32.2k | −$2.15 |
| EGI | $147.8k | $9.85 |
| − OpEx | −$44.3k | −$2.96 |
| NOI | $103.4k | $6.90 |
15,000 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,446 @ 7.0% cap · market cap 4.70%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,956 @ 7.0% cap · market cap 3.86%
Theoretical Best
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $171,947 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Newcombs Auto Service
Auto Repair Shop
Newcomb’s North
Car Dealership
Similar Off Market Nearby
- Newcombs Auto Service — 3420 S Lapeer Rd, Metamora, MI 48455
- Advantage Automotive Inc. — 3740 S Lapeer Rd, Metamora, MI 48455
- Victory Service Centers — 3549 s lapeer rd suite 1, metamora, mi 48455
FAQs
What type of property is this?
Auto shop - New 9,000 sq. ft auto service building plus 6,000 sq. ft showroom on a site with extensive road frontage.
Where is this auto shop located?
The property is located at 3420 S Lapeer Unit SourceFi Metamora, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11‑acre site with 500+ ft frontage off M‑24 and an additional 400+ ft frontage off Pratt; New 9,000 sq. ft auto service building; 6,000 sq. ft showroom included
