Four-Bay Automotive Repair
New
For Sale
$297,500
622 Upton Avenue, Battle Creek, MI 49037
Established service-shop improvements occupy a corner property with paved customer parking and space for expansion.
Property Size3,892 SF
Days on Market2
Property Features for 622 Upton Avenue
General Information
Standard status
Active
Size
3,892 SF
Total Parking Spaces
40
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,478
Building Details
Building Size
3,892 SF
Year Built
1985
Buildings
1
Units
1
Listing Agency:
Pearse Realty, Inc.
(269) 209-7372
Listed By:
Amy M Turley
(269) 209-7372
Source:
Eliterealtymi
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:13AM
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 Pearse Realty, Inc.
Investment Insights
Based on property information with market context.
This automotive repair property includes a service-shop building constructed in 1985 with four overhead doors, three vehicle lifts, and an air compressor. The improvements also provide one full bathroom with a shower, a half bath, an office with A/C, and a washer and dryer. Garage door operators and an alarm system are installed, and additional tools and equipment may be available with the client list and established business name.
The property is positioned at 622 Upton Avenue in Battle Creek, Michigan, on a corner site with more than two acres. Paved parking accommodates 40+ cars, while the site includes room for future expansion. A large roadside sign is also part of the property improvements.
The property is positioned at 622 Upton Avenue in Battle Creek, Michigan, on a corner site with more than two acres. Paved parking accommodates 40+ cars, while the site includes room for future expansion. A large roadside sign is also part of the property improvements.
Key Highlights
- Four overhead doors with garage door operators
- Three vehicle lifts and an air compressor
- More than two acres with room for future expansion
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
$24,071
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
8.09%
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%
$481,420
$481.4K
Cap Rate 7%
$343,871
$343.9K
Cap Rate 9%
$267,456
$267.5K
Market Conditions
NOI Build-Up for 3,892 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
$36.9K $9.48/SF
− Vacancy
−$2.5K −$0.64/SF
EGI
$34.4K $8.84/SF
− OpEx
−$10.3K −$2.65/SF
NOI
$24.1K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /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%
$481,420
Cap Rate 7%
$343,871
Cap Rate 9%
$267,456
Alternative Uses
Best Use
Retail
$577.2K
$505.0K – $673.4K
NOI $40,402 @ 7.0% cap · market cap 13.58%
Second Best
Industrial
$343.9K
$300.9K – $401.2K
NOI $24,071 @ 7.0% cap · market cap 8.09%
Theoretical Best
Healthcare Medical
$46.17M
$40.40M – $53.86M
NOI $3,231,781 @ 7.0% cap · market cap 1,086.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
5,809 visits/mo
0.3 miles
Marathon
Shops & Services
4,722 visits/mo
0.2 miles
Springfield Do It Center
Shops & Services
2,813 visits/mo
0.4 miles
Demographics for 49037, MI
21,427
Population
9,971
Households
2.1
Avg Household Size
37
Median Age
12%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
1,110
Density / Sq Mi
$42,598
Median Household Income
$32,024
Median Earnings
$843
Median Rent
$90,600
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.
Similar Off Market Nearby
- Brad Gray's Auto Body LLC — 3333 5th Ave, Battle Creek, MI 49037
- Four Star Mufflers & Brakes — 2995 6th Ave, Springfield, MI 49037
- Double E Auto Service — 1700 Goguac St W, Battle Creek, MI 49015
- B & B Fleet & Automotive — 2800 7th Ave, Battle Creek, MI 49037
- alfare auto sales inc — 196 n 20th st, springfield, mi 49037
Frequently Asked Questions
What type of property is this?
Auto shop - Established service-shop improvements occupy a corner property with paved customer parking and space for expansion.
Where is this auto shop located?
The property is located at 622 Upton Avenue Battle Creek, MI.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: Four overhead doors with garage door operators; Three vehicle lifts and an air compressor; More than two acres with room for future expansion
