Garage Condo Storage
For Sale
$518,000
10320 N Holly Road 2- A&B, Grand Blanc, MI 48439
Fully finished premium garage condo units with private half baths, insulation, and climate control for collectors and small businesses.
Property Size3,000 SF
Price / SF$172.67
Days on Market68
Property Features for 10320 N Holly Road 2- A&B
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,775
Building Details
Building Size
3,000 SF
Year Built
2026
Listing Agency:
Gearhead Homes Realty Inc
(248) 974-6003
Listed By:
Brian McNamara · License #6501376331
(248) 974-6003
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 4:29AM
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
Investment Insights
Based on property information with market context.
These Hollywood Garage Condos / Storage Condos offer premium garage units designed for car collectors, RV, boat, hobbyists, and small-business storage or workspace needs. Each unit features fully finished interiors with block and drywall and insulated walls and ceilings. Vaulted ceilings run from 20’ at the front tapering to 17’ at the rear. Units include a private half bathroom and a floor drain with a filter and oil/water separation system, along with reinforced concrete floors with a vapor barrier and LED lighting. Garage doors measure 14’ and are insulated with window panels, and each unit includes a jackshaft opener with remote, forced-air gas heat and A/C with a Wi-Fi thermostat, and a 100-amp electrical service with outlets. Plumbing rough-ins are included for a utility sink, along with plumbing for water and gas.
The community is served by security-gate access with outdoor lighting, snow removal, and grounds maintenance, plus an onsite dumpster and security cameras. Association dues are $96 per month. The property also provides a Comcast internet hookup and an interior hose bib, and units are set up with pre-wiring for two ceiling fans. Optional upgrades after closing include a mezzanine level, utility sink, ceiling fans, and enhanced electrical packages.
For tenants or owners seeking dedicated, climate-controlled storage that’s more finished than traditional self-storage, these units provide both utility and privacy through private bathrooms and finished work-ready interiors. Units may also be combined for additional space. Financing is available for qualified buyers.
The community is served by security-gate access with outdoor lighting, snow removal, and grounds maintenance, plus an onsite dumpster and security cameras. Association dues are $96 per month. The property also provides a Comcast internet hookup and an interior hose bib, and units are set up with pre-wiring for two ceiling fans. Optional upgrades after closing include a mezzanine level, utility sink, ceiling fans, and enhanced electrical packages.
For tenants or owners seeking dedicated, climate-controlled storage that’s more finished than traditional self-storage, these units provide both utility and privacy through private bathrooms and finished work-ready interiors. Units may also be combined for additional space. Financing is available for qualified buyers.
Key Highlights
- Newly built (2026) Hollywood Garage Condos/storage condos with premium 3,000 SF garage units
- Each unit includes a private half bathroom, vaulted ceilings (20' tapering to 17'), and a floor drain with oil/water separation system
- Interiors are fully finished with block and drywall, R19 insulated walls and R38 insulated ceilings, plus reinforced concrete floors with vapor barrier
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
$23,940
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
4.62%
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%
$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
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
$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 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%
$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
Industrial
$242.7K
$212.4K – $283.2K
NOI $16,991 @ 7.0% cap · market cap 3.28%
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.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
637
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Fully finished premium garage condo units with private half baths, insulation, and climate control for collectors and small businesses.
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: Newly built (2026) Hollywood Garage Condos/storage condos with premium 3,000 SF garage units; Each unit includes a private half bathroom, vaulted ceilings (20' tapering to 17'), and a floor drain with oil/water separation system; Interiors are fully finished with block and drywall, R19 insulated walls and R38 insulated ceilings, plus reinforced concrete floors with vapor barrier
