Truck Repair Facility For
For Sale
$3,499,999
3880 Baldwin Rd, Lake Orion, MI 48359
Profitable Truck Repair Facility - Business and Real Estate for Sale
Property Size9,210 SF
Lot Size2.60 Acres
Price / SF$380.02
Days on Market93
Property Features for 3880 Baldwin Rd
General Information
Standard status
Active
Property type
Other industrial properties, Showrooms, Auto shops, Industrial properties, Retail properties & Spaces, Automotive properties
Size
9,210 SF
Net Rentable
9,210 SF
Class
B
Total Parking Spaces
30
Elevators
No
Lot size
2.60 Acres
Occupancy
100%
Sale Condition
1031 Exchange
Investment Type
Owner User
Building Details
Year Built
1978
Year Renovated
2015
Buildings
1
Stories
1
Listing Agency:
(248) 467-4900
Listed By:
Charles
(248) 467-4900
Added: May 9
Investment Insights
Based on property information with market context.
This property features a 9,210-square-foot industrial facility on a 2.6-acre parcel, currently operating as a profitable truck repair and fleet service business. The facility is equipped with six bays and a 7.5-ton crane. The business has been servicing fleet accounts for over 15 years, providing steady work and income. Positioned in the GM Orion / Stellantis industrial corridor in Oakland County, Michigan, the site is located within a 10-mile radius of two major OEM facilities, the Stellantis tech complex, twelve Tier-1 automotive suppliers, six national LTL terminals, and major utility fleet operations. The location supports access to thousands of Class 4-8 vehicles across last-mile, municipal, construction, and transit fleets. The property is one of the only crane-served, boulevard-fronted, GB-zoned parcels for sale inside that radius. Business financials show approximately $1.5M in 3-year average revenue and $213,712 in 3-year average Seller's Discretionary Earnings (SDE), with $240.6K projected for 2025 SDE, representing a 30% year-over-year increase. The customer base is diversified. The business and real estate are for sale, with combined offers receiving preferred-bidder status. Real-estate-only or business-only options are also available. The intended use of the property is for commercial truck repair and fleet service.
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
$99,103
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
2.83%
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%
$1,982,060
$2.0M
Cap Rate 7%
$1,415,757
$1.4M
Cap Rate 9%
$1,101,144
$1.1M
Market Conditions
NOI Build-Up for 9,210 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
$154.7K $16.80/SF
− Vacancy
−$13.2K −$1.43/SF
EGI
$141.6K $15.37/SF
− OpEx
−$42.5K −$4.61/SF
NOI
$99.1K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /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%
$1,982,060
Cap Rate 7%
$1,415,757
Cap Rate 9%
$1,101,144
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.65M
NOI $99,103 @ 7.0% cap · market cap 2.83%
Second Best
Industrial
$651.9K
$570.4K – $760.5K
NOI $45,632 @ 7.0% cap · market cap 1.30%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,056 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 48359, MI
9,939
Population
4,477
Households
2.2
Avg Household Size
36
Median Age
52%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
912
Density / Sq Mi
$94,618
Median Household Income
$50,657
Median Earnings
$1,360
Median Rent
$329,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Profitable Truck Repair Facility - Business and Real Estate for Sale
Where is this industrial property located?
The property is located at 3880 Baldwin Rd Lake Orion, MI.
What is the asking price?
The asking price for this property is $3,499,999.
