O'Reilly Auto Parts
For Sale
Contact for pricing
950 N Wisner St, Jackson, MI 49202
Freestanding O'Reilly Auto Parts retail location in Jackson, Michigan.
Property Size7,700 SF
Price / SF$243.36
Days on Market154
Property Features for 950 N Wisner St
General Information
Standard status
Active
Size
7,700 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$124,612
Building Details
Year Built
2012
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Legacy Commercial Group
(419) 705-9794
Listed By:
Logan McAnallen, CCIM · License #MI 6501384328
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 22 at 1:29PM
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 Legacy Commercial Group
Investment Insights
Based on property information with market context.
This net-leased investment opportunity features a freestanding O'Reilly Automotive retail location in Jackson. The property is occupied by O'Reilly Auto Parts, a nationally recognized automotive parts retailer with thousands of locations serving both DIY and professional customers across the United States. The site is strategically positioned along N Wisner Street within an established retail corridor serving the greater Jackson market. The location benefits from strong visibility, convenient access, and proximity to surrounding residential neighborhoods and local businesses that drive consistent customer traffic. O’Reilly Auto Parts is part of a Fortune 500 automotive aftermarket company and operates a recession-resilient business model driven by ongoing vehicle maintenance and repair demand. This property offers investors the opportunity to acquire a stable, single-tenant retail asset backed by a nationally recognized brand in a well-established Michigan market. The property size is 7700 square feet.
Key Highlights
- Net‑leased to O'Reilly Auto Parts, a nationally recognized retailer.
- Strategically positioned in an established retail corridor on N Wisner Street.
- Strong visibility and convenient access.
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
$53,496
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
2.85%
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%
$1,069,920
$1.1M
Cap Rate 7%
$764,229
$764.2K
Cap Rate 9%
$594,400
$594.4K
Market Conditions
NOI Build-Up for 7,700 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
$85.0K $11.04/SF
− Vacancy
−$8.6K −$1.12/SF
EGI
$76.4K $9.92/SF
− OpEx
−$22.9K −$2.98/SF
NOI
$53.5K $6.95/SF
Area
Jackson County, MI
Vacancy
10.10%
Lease Rate
$11.04 /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%
$1,069,920
Cap Rate 7%
$764,229
Cap Rate 9%
$594,400
Alternative Uses
Best Use
Industrial
$764.2K
$668.7K – $891.6K
NOI $53,496 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$758.6K
$663.8K – $885.0K
NOI $53,102 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,043 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
738k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Shops & Services 23%
Apparel 18%
Superstores 13%
Target
Superstores
97,723 visits/mo
0.3 miles
Kohl's
Apparel
53,166 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
35,806 visits/mo
0.1 miles
Five Below
Shops & Services
35,556 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
35,445 visits/mo
0.2 miles
Demographics for 49202, MI
19,359
Population
9,598
Households
2
Avg Household Size
37
Median Age
15%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$41,916
Median Household Income
$30,638
Median Earnings
$915
Median Rent
$104,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding O'Reilly Auto Parts retail location in Jackson, Michigan.
Where is this auto shop located?
The property is located at 950 N Wisner St Jackson, MI.
What is the asking price?
The asking price for this property is $1,873,864.
What are key features of this property?
This property features: Net‑leased to O'Reilly Auto Parts, a nationally recognized retailer.; Strategically positioned in an established retail corridor on N Wisner Street.; Strong visibility and convenient access.
