Collision and Auto Shop
For Sale
$399,900
10185 Saginaw Road, Clio, MI 48420
Auto shop building for sale with a new roof, updated electrical, and multiple overhead garage doors.
Property Size3,359 SF
Price / SF$119.05
Days on Market145
Property Features for 10185 Saginaw Road
General Information
Standard status
Active
Size
3,359 SF
Property subtype
General Commercial
Additional Details
Drive-In Doors
5
Amenities
3
90x190
Building Details
Year Built
1955
Listing Agency:
REMAX Right Choice
(810) 686-8667
Listed By:
Michael Davidson · License #122148
(810) 397-3000
Source:
Xome
Added: Apr 12
Changed: Sep 3
Last Checked: Sep 2 at 1:49PM
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 automotive shop building includes multiple garage doors, with key recent improvements reported as a new roof, new electrical, spray foam insulation, furnaces, and two 10-ton air conditioners. The layout is suited to collision and repair work, with space configured for mechanics and vehicle service operations.
The property is described as offering lots of parking for customer and work vehicles. Details provided focus on the shop’s current mechanical and climate systems and its service-oriented build-out.
Offered for sale, the building totals 3,359 square feet per the listing information and is presented as a turnkey mechanics-focused facility following the listed upgrades and equipment replacements.
The property is described as offering lots of parking for customer and work vehicles. Details provided focus on the shop’s current mechanical and climate systems and its service-oriented build-out.
Offered for sale, the building totals 3,359 square feet per the listing information and is presented as a turnkey mechanics-focused facility following the listed upgrades and equipment replacements.
Key Highlights
- 3359 SF auto shop building
- New roof
- Updated electrical
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
Property Profile
Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
6,574 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- John Belott & Son — 9411 Dort Hwy, Mt Morris, MI 48458
- Mt. Morris Auto Repair — 9405 N Saginaw Rd, Mt Morris, MI 48458
- COOKS PERFORMANCE DIESEL — 10101 N Saginaw Rd, Clio, MI 48420
- Cook's Classics — 10101 N Saginaw Rd, Clio, MI 48420
- Rolison's Service — 10208 N Saginaw Rd, Clio, MI 48420
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop building for sale with a new roof, updated electrical, and multiple overhead garage doors.
Where is this auto shop located?
The property is located at 10185 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: 3359 SF auto shop building; New roof; Updated electrical
