Truck Repair Garage with
For Sale
Contact for pricing
6532 Beverly Plaza, Romulus, MI 48174
12,000 SF truck repair garage with ample parking.
Property Size12,000 SF
Lot Size4.77 Acres
Price / SF$332.92
Days on Market188
Property Features for 6532 Beverly Plaza
General Information
Standard status
Active
Size
12,000 SF
Lot size
4.77 Acres
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
Burger & Company
(248) 536-2888
Listed By:
Michael Rose · License #MI 6501308575
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:43AM
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
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 = 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
$113,702
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
2.85%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- M-TECH COLLISION INC. — 30415 Ecorse Rd, Romulus, MI 48174
- M-Tech Auto Body Repair — 30415 Ecorse Rd, Romulus, MI 48174
- Budget Auto Repair — 7121 Colbert St, Romulus, MI 48174
- Maaco Fleet Solutions Center — 6794 Brandt St, Romulus, MI 48174
- BENLEE — 30383 Ecorse Rd, 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
