Five-Bay Auto
For Sale
$399,900
10185 N Saginaw Road, Clio, MI 48420
Automotive facility with office, customer areas, and specialty-use shop space.
Property Size3,359 SF
Price / SF$119.05
Days on Market9
Property Features for 10185 N Saginaw Road
General Information
Standard status
Active
Size
3,359 SF
Property subtype
Industrial
Amenities
3
90190
Building Details
Year Built
1955
Listing Agency:
REMAX Right Choice
(810) 397-3000
Listed By:
Michael Davidson · License #122148
(810) 397-3000
Source:
Xome
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 9 at 11:37AM
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 REMAX Right Choice
Investment Insights
Based on property information with market context.
This 3,359-square-foot automotive facility includes a customer lobby, private office, restroom, storage, meeting room, and staff lounge. The service area is configured with five bays, including two with extra-high ceilings for vehicle lifts or hoists. A separate enclosed bay supports specialty operations such as paint work, window tinting, detailing, or fabrication.
Building improvements include updated electrical service with 3-phase power, two 220-volt panels, and one 110-volt panel. A new rubber roof and two rooftop 10-ton air-conditioning units serve the office and shop areas. The paved lot provides approximately 20 parking spaces. The property is located at 10185 N Saginaw Road in Clio, near Auto City Speedway and other automotive and commercial businesses.
Building improvements include updated electrical service with 3-phase power, two 220-volt panels, and one 110-volt panel. A new rubber roof and two rooftop 10-ton air-conditioning units serve the office and shop areas. The paved lot provides approximately 20 parking spaces. The property is located at 10185 N Saginaw Road in Clio, near Auto City Speedway and other automotive and commercial businesses.
Key Highlights
- Five service bays, including two with extra‑high ceilings
- Enclosed fifth bay for paint work, tinting, detailing, or fabrication
- Updated electrical with 3‑phase power, two 220‑volt panels, and one 110‑volt panel
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
$34,869
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
8.72%
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%
$697,380
$697.4K
Cap Rate 7%
$498,129
$498.1K
Cap Rate 9%
$387,433
$387.4K
Market Conditions
NOI Build-Up for 3,359 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
$52.0K $15.48/SF
− Vacancy
−$2.2K −$0.65/SF
EGI
$49.8K $14.83/SF
− OpEx
−$14.9K −$4.45/SF
NOI
$34.9K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$697,380
Cap Rate 7%
$498,129
Cap Rate 9%
$387,433
Alternative Uses
Best Use
Retail
$498.1K
$435.9K – $581.2K
NOI $34,869 @ 7.0% cap · market cap 8.72%
Second Best
Industrial
$271.8K
$237.8K – $317.1K
NOI $19,024 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$706.8K
$618.5K – $824.6K
NOI $49,478 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- COOKS PERFORMANCE DIESEL — 10101 N Saginaw Rd, Clio, MI 48420
- Cook's Classics — 10101 N Saginaw Rd, Clio, MI 48420
- John Belott & Son — 9411 Dort Hwy, Mt Morris, MI 48458
- Rolison's Service — 10208 N Saginaw Rd, Clio, MI 48420
- Mt. Morris Auto Repair — 9405 N Saginaw Rd, Mt Morris, MI 48458
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with office, customer areas, and specialty-use shop space.
Where is this auto shop located?
The property is located at 10185 N Saginaw Road Clio, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Five service bays, including two with extra‑high ceilings; Enclosed fifth bay for paint work, tinting, detailing, or fabrication; Updated electrical with 3‑phase power, two 220‑volt panels, and one 110‑volt panel
