Automotive Shop with Outdoor
New
For Sale
$269,000
4725 Lapeer Rd, Kimball, MI 48074
MIX-zoned property with an overhead door, reception office, shop area, and paved and gravel parking areas.
Property Size1,784 SF
Lot Size3.60 Acres
Price / SF$150.78
Days on Market6
Property Features for 4725 Lapeer Rd
General Information
Standard status
Active
Size
1,784 SF
Total Parking Spaces
10
Lot size
3.60 Acres
Property subtype
Retail
Zoning
MIX
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Amenities
overhead door
office/customer reception space
paved and gravel parking/storage areas
Building Details
Building Size
1,784 SF
Year Built
1950
Buildings
1
Listing Agency:
Kramer Commercial Realty
(810) 531-4090
Listed By:
Korissa Kramer · License #6502386241
(810) 531-4090
Source:
Cpix.resimplifi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 5:07PM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
Configured for automotive service, the property includes a 1,784± SF commercial building with an overhead door, office and customer reception area, and a functional shop layout. The 3.601-acre site adds paved parking, gravel areas, and outdoor space for equipment, vehicles, storage, and maneuvering. Built in 1950, the property is zoned MIX and can support automotive, contractor, service, industrial, or owner-user occupancy as described in the listing information.
The property fronts Lapeer Road (M-21) in Kimball Township, with access to the I-94 corridor minutes away. Port Huron and the Blue Water Area are also identified as nearby regional destinations. The combination of an established commercial building and expansive site provides a practical configuration for operations requiring shop space and outdoor area.
The property fronts Lapeer Road (M-21) in Kimball Township, with access to the I-94 corridor minutes away. Port Huron and the Blue Water Area are also identified as nearby regional destinations. The combination of an established commercial building and expansive site provides a practical configuration for operations requiring shop space and outdoor area.
Key Highlights
- 3.601‑acre site with 1,784± SF commercial building
- Automotive service layout with overhead door, shop area, and office/reception space
- Frontage on Lapeer Road (M‑21) in Kimball Township
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
$23,062
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
8.57%
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%
$461,240
$461.2K
Cap Rate 7%
$329,457
$329.5K
Cap Rate 9%
$256,244
$256.2K
Market Conditions
NOI Build-Up for 1,784 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
$33.8K $18.96/SF
− Vacancy
−$879 −$0.49/SF
EGI
$32.9K $18.47/SF
− OpEx
−$9.9K −$5.54/SF
NOI
$23.1K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$461,240
Cap Rate 7%
$329,457
Cap Rate 9%
$256,244
Alternative Uses
Best Use
Retail
$329.5K
$288.3K – $384.4K
NOI $23,062 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$308.7K
$270.2K – $360.2K
NOI $21,612 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,881 @ 7.0% cap · market cap 34.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48074, MI
9,608
Population
3,809
Households
2.5
Avg Household Size
43
Median Age
15%
College-Educated
90%
High-School Grad
37.2 sq mi
ZIP Area
258
Density / Sq Mi
$69,600
Median Household Income
$43,577
Median Earnings
$1,139
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Teddys auto repair — 4487 Lapeer Rd, Port Huron Charter Township, MI 48060
- Windshield Repair Today of Howard — 5020 Howard Rd, Smiths Creek, MI 48074
- Blue Water Muffler — 2455 Range Rd, Kimball, MI 48074
Frequently Asked Questions
What type of property is this?
Auto shop - MIX-zoned property with an overhead door, reception office, shop area, and paved and gravel parking areas.
Where is this auto shop located?
The property is located at 4725 Lapeer Rd Kimball, MI.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 3.601‑acre site with 1,784± SF commercial building; Automotive service layout with overhead door, shop area, and office/reception space; Frontage on Lapeer Road (M‑21) in Kimball Township
