Automotive Retail
For Sale
$450,000
Pending
4153 DIX HWY, Lincoln Park, MI 48146
Automotive building for sale on a high-visibility corridor with strong exposure and convenient accessibility.
Property Size4,942 SF
Days on Market28
Property Features for 4153 DIX HWY
General Information
Standard status
Pending
Size
4,942 SF
Property subtype
Industrial
Amenities
3
6094
Building Details
Year Built
19
Listing Agency:
Pro Realty Group
(313) 316-3944
Listed By:
Charife Bazzi
(313) 316-3944
Source:
Xome
Added: Jul 12
Changed: Aug 8
Last Checked: Aug 8 at 4:20AM
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 Pro Realty Group
Investment Insights
Based on property information with market context.
This for-sale automotive building is positioned for commercial use along a high-visibility corridor. The property is presented as a fit for both an owner-user and an investor seeking an automotive or related commercial location.
The building’s placement is designed to support visibility and accessibility, with exposure aimed at capturing passing traffic on the main corridor. A variety of automotive or commercial uses are contemplated based on the property’s configuration and presentation.
At approximately 4,942 square feet, this asset offers a dedicated building footprint for businesses looking to establish or expand their operations in Lincoln Park, Michigan.
The building’s placement is designed to support visibility and accessibility, with exposure aimed at capturing passing traffic on the main corridor. A variety of automotive or commercial uses are contemplated based on the property’s configuration and presentation.
At approximately 4,942 square feet, this asset offers a dedicated building footprint for businesses looking to establish or expand their operations in Lincoln Park, Michigan.
Key Highlights
- Automotive building for sale
- No pool
- Lot dimensions: 6094
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
$25,585
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
5.69%
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%
$511,700
$511.7K
Cap Rate 7%
$365,500
$365.5K
Cap Rate 9%
$284,278
$284.3K
Market Conditions
NOI Build-Up for 4,942 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
$38.0K $7.68/SF
− Vacancy
−$1.4K −$0.28/SF
EGI
$36.6K $7.40/SF
− OpEx
−$11.0K −$2.22/SF
NOI
$25.6K $5.18/SF
Area
Wayne County, MI
Vacancy
3.70%
Lease Rate
$7.68 /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%
$511,700
Cap Rate 7%
$365,500
Cap Rate 9%
$284,278
Alternative Uses
Best Use
Retail
$668.9K
$585.3K – $780.4K
NOI $46,826 @ 7.0% cap · market cap 10.41%
Second Best
Industrial
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$915.0K
$800.6K – $1.07M
NOI $64,048 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
46k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
SONIC Drive In
Dining
12,912 visits/mo
0.5 miles
7-Eleven
Shops & Services
10,380 visits/mo
0.4 miles
Mobil
Shops & Services
7,071 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,732 visits/mo
0.5 miles
Marathon
Shops & Services
5,657 visits/mo
0.3 miles
Demographics for 48146, MI
40,245
Population
15,874
Households
2.5
Avg Household Size
37
Median Age
11%
College-Educated
81%
High-School Grad
5.8 sq mi
ZIP Area
6,939
Density / Sq Mi
$57,183
Median Household Income
$36,886
Median Earnings
$972
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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 - Automotive building for sale on a high-visibility corridor with strong exposure and convenient accessibility.
Where is this auto shop located?
The property is located at 4153 DIX HWY Lincoln Park, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Automotive building for sale; No pool; Lot dimensions: 6094
