Automotive Repair Shop with Four
For Sale
Contact for pricing
9999 East 9 Mile Road, Warren, MI 48089
Equipped service facility with a clean, organized workspace and functional repair infrastructure.
Property Size2,860 SF
Price / SF$437.06
Days on Market15
Property Features for 9999 East 9 Mile Road
General Information
Standard status
Active
Size
2,860 SF
Class
C
Property subtype
Special Purpose
Zoning
Commercial
Additional Details
Business Included
Yes
Service Bays
4
Building Details
Year Built
1979
Units
1
Listing Agency:
EXP Realty LLC
(248) 617-7777
Listed By:
Joe Sesi · License #MI6501424978
Source:
Crexi
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 11 at 5:11AM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This 2,860-square-foot automotive repair facility includes four vehicle lifts and a clean, organized workspace. The building dates to 1979 and is configured for vehicle service operations, with repair equipment and infrastructure already in place.
The property is identified as commercially zoned and is located in Warren, Michigan, within the Metro Detroit market. Its existing layout supports an established automotive repair operation, an owner-operator model, or an expanding service business. The offering is confidential, with business identity and financial information available only to qualified buyers following execution of an NDA.
The property is identified as commercially zoned and is located in Warren, Michigan, within the Metro Detroit market. Its existing layout supports an established automotive repair operation, an owner-operator model, or an expanding service business. The offering is confidential, with business identity and financial information available only to qualified buyers following execution of an NDA.
Key Highlights
- 2,860‑square‑foot automotive repair facility
- Four vehicle lifts included
- Commercial zoning in Warren, Michigan
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
$35,226
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
2.82%
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%
$704,520
$704.5K
Cap Rate 7%
$503,229
$503.2K
Cap Rate 9%
$391,400
$391.4K
Market Conditions
NOI Build-Up for 2,860 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
$53.2K $18.60/SF
− Vacancy
−$2.9K −$1.00/SF
EGI
$50.3K $17.60/SF
− OpEx
−$15.1K −$5.28/SF
NOI
$35.2K $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%
$704,520
Cap Rate 7%
$503,229
Cap Rate 9%
$391,400
Alternative Uses
Best Use
Retail
$503.2K
$440.3K – $587.1K
NOI $35,226 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$209.9K
$183.7K – $244.9K
NOI $14,693 @ 7.0% cap · market cap 1.18%
Theoretical Best
Office A
$630.9K
$552.1K – $736.1K
NOI $44,165 @ 7.0% cap · market cap 3.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
7-Eleven
Shops & Services
9,558 visits/mo
0.0 miles
Family Dollar
Shops & Services
7,381 visits/mo
0.1 miles
Dollar General
Shops & Services
6,618 visits/mo
0.4 miles
Marathon
Shops & Services
6,350 visits/mo
0.5 miles
BP
Shops & Services
4,773 visits/mo
0.5 miles
Demographics for 48089, MI
32,012
Population
13,597
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
83%
High-School Grad
8.0 sq mi
ZIP Area
4,002
Density / Sq Mi
$53,076
Median Household Income
$35,786
Median Earnings
$1,187
Median Rent
$117,300
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 - Equipped service facility with a clean, organized workspace and functional repair infrastructure.
Where is this auto shop located?
The property is located at 9999 East 9 Mile Road Warren, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,860‑square‑foot automotive repair facility; Four vehicle lifts included; Commercial zoning in Warren, Michigan
