Turnkey Auto Repair
7575 E 8 Mile Rd Warren, MI 48091
7575 E 8 Mile Rd, Warren, MI, 48091
Contact for pricing
For Sale
Contact for pricing
3,358 SF auto repair center for sale.
Property Size3,358 SF
Price / SF$134.01
Days on Market3173
Property Features for 7575 E 8 Mile Rd
General Information
- Standard status
- Active
- Size
- 3,358 SF
- Property subtype
- Retail
Listing Agency
NAI Farbman Southfield
(248) 351-4367
Listed by
Brad Margolis · License #MI 6501371948
Source
Crexi
Added: Nov 8, 2017 Checked: Jul 16 at 11:25 am
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 NAI Farbman Southfield
Investment Insights
Based on property information with market context.
This is a 3,358 square foot auto repair center available for sale. The property is suitable for auto shops, automotive businesses, retail, and general commercial real estate purposes.
Key Highlights
- Turnkey auto repair center ready for immediate operation.
- 3,358 SF provides ample space for your business.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.5k | $18.60 |
| − Vacancy | −$3.4k | −$1.00 |
| EGI | $59.1k | $17.60 |
| − OpEx | −$17.7k | −$5.28 |
| NOI | $41.4k | $12.32 |
3,358 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 9.19%
Second Best
Industrial
$246.4K
$215.6K – $287.5K
NOI $17,251 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$740.8K
$648.2K – $864.3K
NOI $51,855 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Gunn's A1 Tires & Auto Repair — 19676 Conant, Detroit, MI 48234
- W J & Sons — 19420 Conant, Detroit, MI 48234
- SRC Automotive, Inc — 19676 Conant, Detroit, MI 48234
- Done Right Auto — 19676 Conant, Detroit, MI 48234
- Legends Tires & Rims LLC — 19641 Shields St, Detroit, MI 48234
FAQs
What type of property is this?
Auto shop - 3,358 SF auto repair center for sale.
Where is this auto shop located?
The property is located at 7575 E 8 Mile Rd Warren, 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: Turnkey auto repair center ready for immediate operation.; 3,358 SF provides ample space for your business.
