Established Auto Glass Business For
For Sale
$549,000
106 S State Street, Stanton, MI 48888
Turnkey auto glass and window business with real estate included.
Property Size3,750 SF
Lot Size1.00 Acre
Days on Market386
Property Features for 106 S State Street
General Information
Standard status
Active
Size
3,750 SF
Total Parking Spaces
25
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Building Size
3,750 SF
Year Built
2000
Units
1
Listing Agency:
Five Star Real Estate (Stanton)
(989) 287-0962
Listed By:
Scott Giddings · License #6501396414
(989) 287-0962
Source:
Homesforsaleinmich
Added: Aug 6, 2025
Changed: Aug 23
Last Checked: Aug 25 at 8:23AM
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 Five Star Real Estate (Stanton)
Investment Insights
Based on property information with market context.
This is an excellent opportunity to acquire a fully operational business specializing in auto glass replacement, premium glass shower enclosures, residential window installations, and siding services. The business has been established for over 13 years and is situated on two parcels totaling one acre near a high-traffic intersection in Stanton. Included in the sale are tangible assets such as equipment, inventory, and real estate, as well as intangible assets including customer lists, strong brand goodwill, and intellectual property. The property was originally constructed with a built-in service pit designed for oil changes, including a holding tank for used oil. This turnkey operation has a solid reputation and a loyal customer base, making it ideal for a buyer looking to step into a profitable, reputable business. The facility offers potential for vehicle maintenance of an in-house fleet or future expansion to provide services to the general public.
Key Highlights
- Profitable, fully operational business with 13+ years of proven success.
- Turnkey operation with established reputation and loyal customer base.
- Includes tangible (equipment, inventory, real estate) and intangible assets.
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
$38,928
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
7.09%
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%
$778,560
$778.6K
Cap Rate 7%
$556,114
$556.1K
Cap Rate 9%
$432,533
$432.5K
Market Conditions
NOI Build-Up for 3,750 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
$58.1K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$55.6K $14.83/SF
− OpEx
−$16.7K −$4.45/SF
NOI
$38.9K $10.38/SF
Area
Montcalm 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%
$778,560
Cap Rate 7%
$556,114
Cap Rate 9%
$432,533
Alternative Uses
Best Use
Industrial
$816.9K
$714.8K – $953.1K
NOI $57,184 @ 7.0% cap · market cap 10.42%
Second Best
Retail
$556.1K
$486.6K – $648.8K
NOI $38,928 @ 7.0% cap · market cap 7.09%
Theoretical Best
Self Storage
$51.90M
$45.41M – $60.55M
NOI $3,632,847 @ 7.0% cap · market cap 661.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
McDonald's
Dining
15,731 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,242 visits/mo
0.1 miles
Marathon
Shops & Services
2,714 visits/mo
0.4 miles
Demographics for 48888, MI
6,258
Population
2,928
Households
2.1
Avg Household Size
45
Median Age
13%
College-Educated
89%
High-School Grad
85.2 sq mi
ZIP Area
73
Density / Sq Mi
$55,954
Median Household Income
$36,164
Median Earnings
$899
Median Rent
$147,300
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto glass and window business with real estate included.
Where is this auto shop located?
The property is located at 106 S State Street Stanton, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Profitable, fully operational business with 13+ years of proven success.; Turnkey operation with established reputation and loyal customer base.; Includes tangible (equipment, inventory, real estate) and intangible assets.
