Downtown Dexter Auto Shop For
For Sale
Contact for pricing
8260 Dexter Chelsea Rd, Dexter, MI 48130
Auto shop with storage in downtown Dexter, land contract available.
Property Size5,280 SF
Price / SF$169.51
Days on Market704
Property Features for 8260 Dexter Chelsea Rd
General Information
Standard status
Active
Size
5,280 SF
Total Parking Spaces
15
Property subtype
Industrial
Zoning
OI; Composite Commercial District (C-4)
Building Details
Year Built
1991
Buildings
1
Stories
1
Listing Agency:
Signature Associates Southfield
Listed By:
Drake Filippis · License #MI
(248) 799-3161
Source:
Crexi
Added: Nov 2, 2024
Changed: Oct 1
Last Checked: Oct 5 at 6:50PM
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 Southfield
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 4,480 sq. ft. auto shop in Downtown Dexter
- Land contract available
- Additional 800 sq. ft. of storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,795
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,900
$1.4M
Cap Rate 7%
$1,025,643
$1.0M
Cap Rate 9%
$797,722
$797.7K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$110.9K $21.00/SF
− Vacancy
−$8.3K −$1.58/SF
EGI
$102.6K $19.43/SF
− OpEx
−$30.8K −$5.83/SF
NOI
$71.8K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,900
Cap Rate 7%
$1,025,643
Cap Rate 9%
$797,722
Alternative Uses
Best Use
Retail
$1.03M
$897.4K – $1.20M
NOI $71,795 @ 7.0% cap · market cap 8.02%
Second Best
Industrial
$700.1K
$612.6K – $816.8K
NOI $49,009 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,599 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48130, MI
16,469
Population
6,316
Households
2.6
Avg Household Size
43
Median Age
67%
College-Educated
98%
High-School Grad
64.0 sq mi
ZIP Area
257
Density / Sq Mi
$131,875
Median Household Income
$56,550
Median Earnings
$1,681
Median Rent
$453,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market 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
Frequently Asked Questions
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
