Standalone Flex Facility with
For Sale
$599,000
10460 N Holly Road, Holly, MI 48442
COM/IND/BUS OPP, Holly, MI
Property Size6,100 SF
Lot Size1.77 Acres
Price / SF$98.12
Days on Market47
Property Features for 10460 N Holly Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Subdivision
Grand Blanc Twp (25011)
Standard status
Active
APN
12-33-400-016
Size
6,105 SF
Lot size
1.77 Acres
Utilities
Water source
Public
Building Details
Year built
2000
Roof type
Rubber
Listing Agency:
Keller Williams First · Keller Williams Realty
(810) 515-1503
Listed By:
Lynn Mattila · License #123055
(810) 348-7512
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 30 at 1:06PM
MLS# 50215021
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone flex facility combines warehouse space with a finished office component that includes a lobby, two private offices, a full kitchen, and a bathroom. The building is insulated and has upgraded LED lighting, dedicated HVAC for the office area, radiant tube heating in one warehouse section, and three 8-foot overhead doors. An 8-foot clear height and a 14'9" central partition height support varied loading and workspace arrangements. The property also has 400-amp electrical service for equipment-intensive operations.
Set on 1.77 acres of light-industrial land, the facility is served by public water and city sewer. Built in 2000, it has a rubber roof and offers a combination of enclosed work, storage, and administrative areas in a single building.
Set on 1.77 acres of light-industrial land, the facility is served by public water and city sewer. Built in 2000, it has a rubber roof and offers a combination of enclosed work, storage, and administrative areas in a single building.
Key Highlights
- 1.77 acres of light‑industrial land
- Three 8‑foot overhead doors for loading
- 8‑foot clear height with 14'9" central partition height
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
$36,730
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
6.13%
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%
$734,600
$734.6K
Cap Rate 7%
$524,714
$524.7K
Cap Rate 9%
$408,111
$408.1K
Market Conditions
NOI Build-Up for 6,105 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
$44.9K $7.35/SF
− Vacancy
−$1.7K −$0.27/SF
EGI
$43.2K $7.08/SF
− OpEx
−$6.5K −$1.06/SF
NOI
$36.7K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
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%
$734,600
Cap Rate 7%
$524,714
Cap Rate 9%
$408,111
Alternative Uses
Best Use
Flex RnD
$902.0K
$789.3K – $1.05M
NOI $63,143 @ 7.0% cap · market cap 10.54%
Second Best
Warehouse
$524.7K
$459.1K – $612.2K
NOI $36,730 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,176 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48442, MI
21,803
Population
9,722
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
254
Density / Sq Mi
$80,281
Median Household Income
$50,769
Median Earnings
$1,243
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial acreage supports a flexible facility combining warehouse, office, storage, and service-oriented workspace.
Where is this flex space located?
The property is located at 10460 N Holly Road Holly, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1.77 acres of light‑industrial land; Three 8‑foot overhead doors for loading; 8‑foot clear height with 14'9" central partition height
