Garage Condo Flex
For Sale
$259,900
10320 N Holly Road #1B-1E, Grand Blanc, MI 48439
Climate-controlled garage units offer finished interiors, private half-baths, and dedicated electrical service.
Property Size1,500 SF
Price / SF$173.27
Days on Market345
Property Features for 10320 N Holly Road #1B-1E
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$5,775
Building Details
Building Size
1,500 SF
Year Built
2025
Stories
1
Listing Agency:
Gearhead Homes Realty Inc
Listed By:
Brian McNamara · License #6501376331
(248) 974-6003
Source:
Carterassociatesrealty
Added: Nov 25, 2025
Changed: Nov 3
Last Checked: Nov 3 at 2:44PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Holly Woods Garage Condos is a new flex-space development with 1,500-square-foot units measuring 30 feet wide by 50 feet deep. Each space has vaulted ceilings reaching 20 feet at the front and 17 feet at the rear, a private half-bath, and a floor drain with oil-and-water separation. Finished interiors include block and drywall, insulated walls and ceilings, reinforced concrete floors, LED lighting, and plumbing rough-ins for a utility sink. Building features include a 14-foot insulated garage door, 100-amp electrical service, gas heat, air conditioning, and an interior hose bib. Units 1B through 1E are identified as Phase 1 offerings; spaces may be combined. Commercial zoning applies.
The property at 10320 N Holly Road in Grand Blanc, Michigan, was built in 2025. Association services include gated access, security cameras, exterior lighting, snow removal, grounds care, and an on-site dumpster. Comcast internet hookup and plumbing for water and gas are provided. Optional post-closing upgrades include a mezzanine, utility sink, ceiling fans, and expanded electrical packages.
The property at 10320 N Holly Road in Grand Blanc, Michigan, was built in 2025. Association services include gated access, security cameras, exterior lighting, snow removal, grounds care, and an on-site dumpster. Comcast internet hookup and plumbing for water and gas are provided. Optional post-closing upgrades include a mezzanine, utility sink, ceiling fans, and expanded electrical packages.
Key Highlights
- 1,500‑square‑foot units with 30'W x 50'D dimensions
- Vaulted ceilings reach 20' at the front and 17' at the rear
- Private half‑bath and floor drain with oil/water separation system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,316
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,320
$206.3K
Cap Rate 7%
$147,371
$147.4K
Cap Rate 9%
$114,622
$114.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$13.5K $9.00/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$12.1K $8.09/SF
− OpEx
−$1.8K −$1.21/SF
NOI
$10.3K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,320
Cap Rate 7%
$147,371
Cap Rate 9%
$114,622
Alternative Uses
Best Use
Warehouse
$147.4K
$129.0K – $171.9K
NOI $10,316 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$121.4K
$106.2K – $141.6K
NOI $8,496 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$315.6K
$276.2K – $368.3K
NOI $22,095 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Well-served
Demand for This Use
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?
Flex space - Climate-controlled garage units offer finished interiors, private half-baths, and dedicated electrical service.
Where is this flex space located?
The property is located at 10320 N Holly Road #1B-1E Grand Blanc, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,500‑square‑foot units with 30'W x 50'D dimensions; Vaulted ceilings reach 20' at the front and 17' at the rear; Private half‑bath and floor drain with oil/water separation system
