Auto Repair Facility Hard
For Sale
$199,900
200 Salzburg Ave, Bay City, MI 48706
Free-standing auto repair building with fenced outside storage and two curb cutouts at a hard corner.
Property Size1,400 SF
Price / SF$142.79
Days on Market542
Property Features for 200 Salzburg Ave
General Information
Standard status
Active
Size
1,400 SF
Class
D
Property subtype
Retail
Zoning
C-2-A
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
1,400 SF
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Pilot Property Group
Listed By:
Attilio Pacella · License #6501412302
(586) 291-3582
Source:
Cpix.resimplifi
Added: Mar 15, 2025
Changed: Aug 8
Last Checked: Jul 23 at 5:11AM
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 Pilot Property Group
Investment Insights
Based on property information with market context.
This free-standing building is an auto repair facility offered for sale. The property includes a fenced outside storage area, supporting automotive-related operations beyond the main indoor service space.
Set on a hard corner, the site has two curb cutouts and a traffic signal for controlled access. The property is described as having easy access to I-75, and it is located within general commercial zoning.
The building is presented as a dedicated automotive repair use property, with exterior storage fenced off to help manage vehicle or equipment staging.
Set on a hard corner, the site has two curb cutouts and a traffic signal for controlled access. The property is described as having easy access to I-75, and it is located within general commercial zoning.
The building is presented as a dedicated automotive repair use property, with exterior storage fenced off to help manage vehicle or equipment staging.
Key Highlights
- Free‑standing auto repair facility
- General commercial zoning
- Hard corner location with two curb cutouts and a traffic signal
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
$10,349
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
5.18%
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%
$206,980
$207.0K
Cap Rate 7%
$147,843
$147.8K
Cap Rate 9%
$114,989
$115.0K
Market Conditions
NOI Build-Up for 1,400 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
$16.8K $12.00/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$14.8K $10.56/SF
− OpEx
−$4.4K −$3.17/SF
NOI
$10.3K $7.39/SF
Area
Bay County, MI
Vacancy
12.00%
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%
$206,980
Cap Rate 7%
$147,843
Cap Rate 9%
$114,989
Alternative Uses
Best Use
Retail
$147.8K
$129.4K – $172.5K
NOI $10,349 @ 7.0% cap · market cap 5.18%
Second Best
Industrial
$101.0K
$88.4K – $117.8K
NOI $7,069 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Electronics 14%
Dining 12%
Mobil
Shops & Services
9,981 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,268 visits/mo
0.5 miles
T-Mobile
Electronics
2,818 visits/mo
0.5 miles
Jet's Pizza
Dining
1,515 visits/mo
0.5 miles
Cottage Inn Pizza
Dining
934 visits/mo
0.1 miles
Demographics for 48706, MI
39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
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.
Similar Off Market Nearby
- Our Custom Lifestyles LLC — 123 Webster St, Bay City, MI 48708
- A-1 Tire & Auto Repair Inc. — 1023 Broadway St, Bay City, MI 48708
- Auto Tec Services Center — 905 Salzburg Ave, Bay City, MI 48706
- Kreager Towing — 205 Morton St, Bay City, MI 48706
- City Tire — 200 Salzburg Ave, Bay City, MI 48706
Frequently Asked Questions
What type of property is this?
Auto shop - Free-standing auto repair building with fenced outside storage and two curb cutouts at a hard corner.
Where is this auto shop located?
The property is located at 200 Salzburg Ave Bay City, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Free‑standing auto repair facility; General commercial zoning; Hard corner location with two curb cutouts and a traffic signal
