Heated Automotive Garage with
9449 Genesee Street Unit SourceFi New Lothrop, MI 48460
For Sale
$199,000
Fully heated garage and first-floor office with restrooms, plus two hydraulic lifts and three overhead doors.
Property Size2,464 SF
Price / SF$80.76
Days on Market8
Property Features for 9449 Genesee Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2013
Listing Agency:
Century 21 Signature Realty
(989) 239-5581
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Source:
Xome
Added: Jul 18
Changed: Jul 24
Last Checked: Jul 24 at 5:16AM
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 Century 21 Signature Realty
Investment Insights
Based on property information with market context.
This move-in ready automotive property offers over 2,400 sq. ft. of fully heated garage and office space, with updated interior and exterior lighting. The building includes a first-floor office, restroom, and an unfinished second-floor area that can be completed as additional office space or used for storage. Three overhead doors—one 14-foot door and two 10-foot doors—provide practical drive-through access for vehicles and equipment, and two hydraulic vehicle lifts are already in place.
Located at 9449 Genesee Street in New Lothrop, the facility is designed for day-to-day shop operations while keeping office space on-site for customer or administrative needs.
Internally, the configuration supports a service and repair workflow with overhead access for equipment, dedicated office space on the first floor, and flexible room on the second level depending on how it’s finished.
Located at 9449 Genesee Street in New Lothrop, the facility is designed for day-to-day shop operations while keeping office space on-site for customer or administrative needs.
Internally, the configuration supports a service and repair workflow with overhead access for equipment, dedicated office space on the first floor, and flexible room on the second level depending on how it’s finished.
Key Highlights
- 2013‑built commercial property with over 2,400 sq. ft. of fully heated garage and office space
- First‑floor office plus restroom; unfinished second‑floor space for additional office or storage
- Three overhead doors: one 14‑ft door and two 10‑ft doors for vehicle and equipment access
Financial Insights For Warehouse
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 | $22.2k | $9.00 |
| − Vacancy | −$976 | −$0.40 |
| EGI | $21.2k | $8.60 |
| − OpEx | −$3.2k | −$1.29 |
| NOI | $18.0k | $7.31 |
2,464 SF · lease $9.00/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Retail
$365.4K
$319.7K – $426.3K
NOI $25,579 @ 7.0% cap · market cap 12.85%
Second Best
Warehouse
$257.4K
$225.3K – $300.3K
NOI $18,020 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Six T Automotive
Auto Repair Shop
Similar Off Market Nearby
- Peterson Body Shop — 9501 Genesee St, New Lothrop, MI 48460
- Six T Automotive — 9449 Genesee St, New Lothrop, MI 48460
FAQs
What type of property is this?
Auto shop - Fully heated garage and first-floor office with restrooms, plus two hydraulic lifts and three overhead doors.
Where is this auto shop located?
The property is located at 9449 Genesee Street Unit SourceFi New Lothrop, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2013‑built commercial property with over 2,400 sq. ft. of fully heated garage and office space; First‑floor office plus restroom; unfinished second‑floor space for additional office or storage; Three overhead doors: one 14‑ft door and two 10‑ft doors for vehicle and equipment access
