Self-Storage Condo with
10320 N Holly Road #2- A&B, Grand Blanc, MI 48439
For Sale
$518,000
Finished interiors include a private half bath, insulated walls and ceilings, and forced-air heating and air conditioning.
Property Size3,000 SF
Price / SF$172.67
Days on Market166
Property Features for 10320 N Holly Road #2- A&B
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
security-gate access
outdoor lighting
snow removal
grounds maintenance
onsite dumpster
security cameras
Building Details
Building Size
Year Built
Stories
Listing Agency:
Gearhead Homes Realty Inc
Listed By:
Brian McNamara · License MI #6501376331
(248) 974-6003
Source:
Housewant
Added: Jun 2
Changed: Nov 11
Last Checked: Nov 13 at 4:33PM
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 Gearhead Homes Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
These commercial storage condos provide 3,000 square feet per unit, with finished block-and-drywall interiors and reinforced concrete floors. Each space has a private half bath, a floor drain with oil-and-water separation, and plumbing rough-ins for a utility sink. Ceiling height reaches 20 feet at the front and slopes to 17 feet at the rear. A 14-foot insulated garage door, 100-amp electrical service, LED lighting, forced-air gas heat, air conditioning, and an interior hose connection are included. Water and gas plumbing and a Comcast internet connection are also provided; mezzanine space, a utility sink, ceiling fans, and upgraded electrical are optional after closing.
The property is zoned Commercial. Association services include controlled gate entry, security cameras, exterior lighting, snow clearing, grounds care, and an onsite dumpster. Multiple units can be combined for a larger space.
The property is zoned Commercial. Association services include controlled gate entry, security cameras, exterior lighting, snow clearing, grounds care, and an onsite dumpster. Multiple units can be combined for a larger space.
Key Highlights
- 3,000‑square‑foot units with 20‑foot front ceilings tapering to 17 feet at the rear
- 14‑foot insulated garage door with window panels and remote‑operated jackshaft opener
- 100‑amp electrical service, LED lighting, gas heat, and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,940
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,800
$478.8K
Cap Rate 7%
$342,000
$342.0K
Cap Rate 9%
$266,000
$266.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$36.0K $12.00/SF
− Vacancy
−$1.8K −$0.60/SF
EGI
$34.2K $11.40/SF
− OpEx
−$10.3K −$3.42/SF
NOI
$23.9K $7.98/SF
Area
Genesee County, MI
Vacancy
5.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,800
Cap Rate 7%
$342,000
Cap Rate 9%
$266,000
Alternative Uses
Best Use
Self Storage
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 4.62%
Second Best
Warehouse
$294.7K
$257.9K – $343.9K
NOI $20,632 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Finished interiors include a private half bath, insulated walls and ceilings, and forced-air heating and air conditioning.
Where is this self storage facility located?
The property is located at 10320 N Holly Road #2- A&B Grand Blanc, MI.
What is the asking price?
The asking price for this property is $518,000.
What are key features of this property?
This property features: 3,000‑square‑foot units with 20‑foot front ceilings tapering to 17 feet at the rear; 14‑foot insulated garage door with window panels and remote‑operated jackshaft opener; 100‑amp electrical service, LED lighting, gas heat, and air conditioning
