Truck Repair Garage with
6532 Beverly Plaza, Romulus, MI 48174
For Sale
Contact for pricing
12,000 SF truck repair garage with ample parking.
Property Size12,000 SF
Lot Size4.77 Acres
Price / SF$332.92
Days on Market281
Property Features for 6532 Beverly Plaza
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Building Details
Year Built
Tenancy
Listing Agency:
Burger & Company
Listed By:
Michael Rose · License MI #6501308575
(248) 536-2888
Source:
Crexi
Added: Feb 4
Changed: Sep 4
Last Checked: Sep 18 at 3:27AM
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 Burger & Company
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Investment Insights
Based on property information with market context.
This property features a 12,000 square foot truck repair garage. It includes twelve 12’x14’ drive-through doors. The lot is paved, lit, and fully fenced, offering truck parking on 4.77 acres. The property is located in the heart of the truck district, providing excellent access to I-94, I-275, and Detroit Metropolitan Airport (DTW).
Key Highlights
- 12,000 square foot truck repair garage
- Large 4.77 Acres truck parking area
- Twelve (12) 12’x14’ drive through doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,702
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,040
$2.3M
Cap Rate 7%
$1,624,314
$1.6M
Cap Rate 9%
$1,263,356
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$172.8K $14.40/SF
− Vacancy
−$10.4K −$0.86/SF
EGI
$162.4K $13.54/SF
− OpEx
−$48.7K −$4.06/SF
NOI
$113.7K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,040
Cap Rate 7%
$1,624,314
Cap Rate 9%
$1,263,356
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.90M
NOI $113,702 @ 7.0% cap · market cap 2.85%
Second Best
Warehouse
$1.08M
$943.0K – $1.26M
NOI $75,438 @ 7.0% cap · market cap 1.89%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,520 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
Median Home Value
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Market
Average Price Trend$/SF for Auto shops in Wayne County, MI
Properties on Market for Auto shops in Wayne County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- BENLEE — 30383 Ecorse Rd, Romulus, MI 48174
- Budget Auto Repair — 7121 Colbert St, Romulus, MI 48174
- M-TECH COLLISION INC. — 30415 Ecorse Rd, Romulus, MI 48174
- M-Tech Auto Body Repair — 30415 Ecorse Rd, Romulus, MI 48174
- Maaco Fleet Solutions Center — 6794 Brandt St, Romulus, MI 48174
Frequently Asked Questions
What type of property is this?
Auto shop - 12,000 SF truck repair garage with ample parking.
Where is this auto shop located?
The property is located at 6532 Beverly Plaza Romulus, MI.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 12,000 square foot truck repair garage; Large 4.77 Acres truck parking area; Twelve (12) 12’x14’ drive through doors
