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    Operating Auto Care Facility For Sale Title is generated by Realmo AI

    530 E Maple Rd, Troy, MI 48083

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    Fully operational muffler and auto care facility for sale.

    Type:Industrial
    Property size:
    11,272 SF
    Price / SF:
    $208/SF
    Added:
    Feb 12, 2022
    Days on Market:
    1605
    Last Refresh:
    May 20 at 8:23 pm

    Property Features for 530 E Maple Rd

    General Information

    Standard status
    Active
    Size
    11,272 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1969

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    Contact an agent
    Jeff Buckler
    Jeff Buckler

    Listing office Lee & Associates - Naples

    Listing date Feb 12, 2022

    Source Crexi

    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 Lee & Associates - Naples

    HighLights

    • Fully operational muffler and auto care facility.
    • Property and business are being sold together.
    • Business details available upon NDA execution.
    • Year Built: 1969

    Overview

    This offering includes both the property and the business. It is a fully operational muffler and auto care facility. Further business details can be provided upon execution of a non-disclosure agreement. The property is suitable for auto shops, automotive businesses, retail purposes, and general commercial real estate uses. The property size is 11272 square feet.

    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 $189.4k $16.80
    − Vacancy −$16.1k −$1.43
    EGI $173.3k $15.37
    − OpEx −$52.0k −$4.61
    NOI $121.3k $10.76
    11,272 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.73M
    $1.52M – $2.02M (±1% cap)
    NOI $121,291 @ 7.0% cap · market cap 5.16%
    Second Best
    Industrial
    $797.8K
    $698.1K – $930.8K (±1% cap)
    NOI $55,849 @ 7.0% cap · market cap 2.38%
    Theoretical Best
    Specialty Retail
    $2.43M
    $2.13M – $2.84M (±1% cap)
    NOI $170,189 @ 7.0% cap · market cap 7.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tuffy Troy Auto ... Auto Repair Shop

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Discount Store Bar & Pub Grocery & Convenience Store Barber Shop Travel Agency (Bike/Boat/Book/etc) Store Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • China Automotive — 2546 Elliott Ave, Troy, MI 48083
    • Heng Long USA — 2546 Elliott Ave, Troy, MI 48083
    • EZ Connect Tire RepAir — 530 Stephenson Hwy, Troy, MI 48083
    • Black Jack Detailing LLC — 601 Minnesota Rd, Troy, MI 48083
    • TRUCKS CLEANERS, LLC — 601 minnesota dr, troy, mi 48083

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1373192
    Latitude
    42.5474258

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    FAQs

    What type of property is this?
    Auto shop - Fully operational muffler and auto care facility for sale.
    Where is this auto shop located?
    The property is located at 530 E Maple Rd Troy, MI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Fully operational muffler and auto care facility.; Property and business are being sold together.; Business details available upon NDA execution.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Buckler
    Jeff Buckler
    Real Estate License ID: MI
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