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    Downtown Dexter Auto Shop For Sale Title is generated by Realmo AI

    8260 Dexter Chelsea Rd, Dexter, MI 48130

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    Auto shop with storage in downtown Dexter, land contract available.

    Type:Industrial
    Property size:
    5,280 SF
    Price / SF:
    $169/SF
    Added:
    Nov 2, 2024
    Days on Market:
    612
    Last Refresh:
    May 12 at 9:47 pm

    Property Features for 8260 Dexter Chelsea Rd

    General Information

    Standard status
    Active
    Size
    5,280 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1991

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    Drake Filippis
    Drake Filippis

    Listing office Signature Associates Warren

    Listing date Nov 2, 2024

    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 Signature Associates Warren

    HighLights

    • 4,480 sq. ft. auto shop in Downtown Dexter
    • Land contract available
    • Additional 800 sq. ft. of storage space
    • Two buildings on the property
    • Located on well & septic
    • Built in 1991

    Overview

    This property features an auto shop located in Downtown Dexter, Michigan. It comprises two buildings, with a 4,480-square-foot shop and an additional 800-square-foot storage space for parts. The property operates on well and septic systems. Land contract options are available.

    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 $110.9k $21.00
    − Vacancy −$8.3k −$1.58
    EGI $102.6k $19.43
    − OpEx −$30.8k −$5.83
    NOI $71.8k $13.60
    5,280 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.03M
    $897.4K – $1.20M (±1% cap)
    NOI $71,795 @ 7.0% cap · market cap 8.02%
    Second Best
    Industrial
    $700.1K
    $612.6K – $816.8K (±1% cap)
    NOI $49,009 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Office A
    $1.55M
    $1.36M – $1.81M (±1% cap)
    NOI $108,599 @ 7.0% cap · market cap 12.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Big Box & Wholesale Store Hair Salon Nail Salon Law Firm Spa & Massage Center Pharmacy

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

    Similar Places Nearby

    • Haas Transmission Services — 8260 Dexter-Chelsea Rd, Dexter, MI 48130
    • Marks Auto Service — 8256 Dexter-Chelsea Rd, Dexter, MI 48130
    • Apueh Car Towings — 8140 Main St, Dexter, MI 48130

    Location Insight

    • Map
    • Local Demand
    City
    Dexter
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.893699
    Latitude
    42.338489

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    FAQs

    What type of property is this?
    Auto shop - Auto shop with storage in downtown Dexter, land contract available.
    Where is this auto shop located?
    The property is located at 8260 Dexter Chelsea Rd Dexter, MI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 4,480 sq. ft. auto shop in Downtown Dexter; Land contract available; Additional 800 sq. ft. of storage space
    (248) 799-3161 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Drake Filippis
    Drake Filippis
    Real Estate License ID: MI
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