Profitable Tire Shop For
For Sale
Contact for pricing
Pending
3302 Fenton Rd, Flint, MI 48507
Tire shop and property for sale in busy location.
Property Size3,500 SF
Days on Market174
Property Features for 3302 Fenton Rd
General Information
Standard status
Pending
Size
3,500 SF
Total Parking Spaces
30
Property subtype
Business for Sale, Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$35,000
Building Details
Year Built
1950
Year Renovated
2023
Buildings
3
Stories
1
Units
3
Tenancy
Single
Listing Agency:
Brookstone
(586) 823-8788
Listed By:
John Namo · License #6501290950
Source:
Crexi
Added: Mar 2
Changed: Aug 16
Last Checked: Aug 22 at 3:56AM
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 Brookstone
Investment Insights
Based on property information with market context.
This is an excellent opportunity to own a highly profitable tire shop and property. The property is situated in a prime, busy location. The property size is 3500 square feet.
Key Highlights
- Highly Profitable Tire Shop
- Property Included in Sale
- Prime Busy Location
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
$36,333
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
8.55%
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%
$726,660
$726.7K
Cap Rate 7%
$519,043
$519.0K
Cap Rate 9%
$403,700
$403.7K
Market Conditions
NOI Build-Up for 3,500 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
$54.2K $15.48/SF
− Vacancy
−$2.3K −$0.65/SF
EGI
$51.9K $14.83/SF
− OpEx
−$15.6K −$4.45/SF
NOI
$36.3K $10.38/SF
Area
Genesee 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%
$726,660
Cap Rate 7%
$519,043
Cap Rate 9%
$403,700
Alternative Uses
Best Use
Retail
$519.0K
$454.2K – $605.6K
NOI $36,333 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$283.2K
$247.8K – $330.4K
NOI $19,823 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$736.5K
$644.4K – $859.2K
NOI $51,554 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Swartz Creek Towing — 4501 Fenton Rd, Flint, MI 48507
- Valvoline Express Care — 4627 Fenton Rd, Flint, MI 48507
- Kyle's Mobile Auto Repair LLC — 814 Hemphill Rd, Flint, MI 48507
- Dag's Collision Services — 4317 Fenton Rd, Flint, MI 48507
- J & J Service Station, Inc. — 4002 Fenton Rd, Flint, MI 48507
Frequently Asked Questions
What type of property is this?
Auto shop - Tire shop and property for sale in busy location.
Where is this auto shop located?
The property is located at 3302 Fenton Rd Flint, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Highly Profitable Tire Shop; Property Included in Sale; Prime Busy Location
