Turnkey Auto Repair
For Sale
Contact for pricing
7575 E 8 Mile Rd, Warren, MI 48091
3,358 SF auto repair center for sale.
Property Size3,358 SF
Price / SF$134.01
Days on Market3218
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
Changed: Aug 28
Last Checked: Aug 29 at 4:38AM
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.
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
$41,360
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
9.19%
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%
$827,200
$827.2K
Cap Rate 7%
$590,857
$590.9K
Cap Rate 9%
$459,556
$459.6K
Market Conditions
NOI Build-Up for 3,358 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
$62.5K $18.60/SF
− Vacancy
−$3.4K −$1.00/SF
EGI
$59.1K $17.60/SF
− OpEx
−$17.7K −$5.28/SF
NOI
$41.4K $12.32/SF
Area
Warren, MI
Vacancy
5.40%
Lease Rate
$18.60 /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%
$827,200
Cap Rate 7%
$590,857
Cap Rate 9%
$459,556
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Marathon
Shops & Services
4,226 visits/mo
0.4 miles
Dairy Queen
Dining
3,571 visits/mo
0.4 miles
Tubby's
Dining
1,413 visits/mo
0.5 miles
Demographics for 48091, MI
32,267
Population
12,919
Households
2.5
Avg Household Size
37
Median Age
17%
College-Educated
82%
High-School Grad
7.9 sq mi
ZIP Area
4,084
Density / Sq Mi
$53,400
Median Household Income
$31,877
Median Earnings
$1,231
Median Rent
$138,700
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
- Angelo Collision — 3639 E 9 Mile Rd, Warren, MI 48091
- A & E Auto Mechanic — 3599 E 9 Mile Rd, Warren, MI 48091
- R Danno Collision — 3639 E 9 Mile Rd, Warren, MI 48091
- Barney's Auto Services — 3377 E 9 Mile Rd, Warren, MI 48091
- 3MZ Auto Care — 23015 Ryan Rd, Warren, MI 48091
Frequently Asked Questions
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.
