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10320 North Holly Road, Holly, MI 48442

Individually finished garage condos with private half bath, climate comfort, and vehicle-friendly drainage features.

Property Size3,000 SF
Price / SF$172.67
Days on Market146

Property Features for 10320 North Holly Road

General Information

Standard status Active
Size 3,000 SF
Class B
Property subtype Self Storage, Industrial, Mixed Use
Zoning Commercial
Investment Type Owner/User

Warehouse & Industrial

Clear Height 20 ft
Drive-In Doors 1

Building Details

Year Built 2026
Buildings 1
Units 2
Listing Agency: eXp Commercial
Listed By: Brian McNamara · License #6505433427
Source: Crexi
Added: Jun 2 Changed: Oct 13 Last Checked: Oct 24 at 2:35PM

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 eXp Commercial

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Investment Insights

Based on property information with market context.

This offering consists of Holly Woods Garage Condos / Storage Condos with premium garage units built for vehicle collectors, RV and boat owners, hobbyists, and small-business storage or workspace needs. Each unit includes fully finished interiors with block and drywall, R19 insulated walls, and R38 insulated ceilings. The space is laid out with reinforced concrete floors with a vapor barrier, LED lighting, and a floor drain system with filter and oil/water separation. Units also feature a private half bathroom, plumbing rough-ins for a utility sink, and a 14’ insulated garage door with window panels, along with a jackshaft opener and remote. Mechanical and electrical provisions include forced-air gas heat and A/C with a Wi‑Fi thermostat, 100-amp electrical service with outlets, an interior hose bib, and Comcast internet hookup. Optional post-closing upgrades include mezzanine level, utility sink, ceiling fans, and enhanced electrical packages, and units may be combined for additional space.

The property is located at 10320 North Holly Road in Holly, Michigan. The association dues are $96 per month and cover security-gate access, outdoor lighting, snow removal, grounds maintenance, on-site dumpster service, and security cameras.

For tenants, buyers, or operators seeking a private, self-contained storage or small-workspace setup, these insulated, finished garage condos provide practical comfort and durability, including vapor barrier floors, vehicle-focused drainage, and dedicated restroom plumbing. The condo configuration and optional upgrade path allow buyers to tailor the unit features to their intended use while retaining independent access and managed common-area services.

Key Highlights

  • Phase 1 Holly Woods garage/storage condos—premium 3,000 SF garage units for car collectors, RV/boat owners, and storage/workspace needs
  • Each unit features vaulted ceilings (20’ front tapering to 17’ rear) plus a private half bathroom
  • Vehicle‑friendly drainage: floor drain with filter and oil/water separation system

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$31,028
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,560 $620.6K
Cap Rate 7%
$443,257 $443.3K
Cap Rate 9%
$344,756 $344.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$6.3K −$2.09/SF
EGI
$47.7K $15.91/SF
− OpEx
−$16.7K −$5.57/SF
NOI
$31.0K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,560
Cap Rate 7%
$443,257
Cap Rate 9%
$344,756

Alternative Uses

Best Use
Flex RnD
$443.3K
$387.9K – $517.1K (±1% cap)
NOI $31,028 @ 7.0% cap · market cap 5.99%
Second Best
Self Storage
$427.5K
$374.1K – $498.8K (±1% cap)
NOI $29,925 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$647.1K
$566.2K – $754.9K (±1% cap)
NOI $45,295 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Plumbing Service Carpet & Flooring Store Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft
Clear height
1
Drive-in doors

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

Demographics for 48442, MI

21,803
Population
9,722
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
254
Density / Sq Mi
$80,281
Median Household Income
$50,769
Median Earnings
$1,243
Median Rent
$252,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Self storage facility - Individually finished garage condos with private half bath, climate comfort, and vehicle-friendly drainage features.
Where is this self storage facility located?
The property is located at 10320 North Holly Road Holly, 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: Phase 1 Holly Woods garage/storage condos—premium 3,000 SF garage units for car collectors, RV/boat owners, and storage/workspace needs; Each unit features vaulted ceilings (20’ front tapering to 17’ rear) plus a private half bathroom; Vehicle‑friendly drainage: floor drain with filter and oil/water separation system
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