Listing Agency: Trademark Commercial Group

Listed By: Gretchen Witherspoon · License #MI 6501316390 Show Phone

Source: Crexi

Added: Sep 23, 2020 Changed: Oct 6 Last Checked: Oct 5 at 6:41PM

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Investment Insights

Based on property information with market context.

This 2,016-square-foot automotive facility is located on Bay Road (M-84) in Saginaw Township. The property features a wide-open shop area with four bays, a front office, and a waiting room. It offers potential for automotive repair, a body shop, or any business needing overhead door, shop, or warehouse space. Please note that the business is not for sale; only the real estate is available.

Key Highlights

• Four‑bay automotive facility.
• Located on busy Bay Road (M‑84) in Saginaw Township.
• Wide‑open shop area.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,015

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$300,300 $300.3K

Cap Rate 7%

$214,500 $214.5K

Cap Rate 9%

$166,833 $166.8K

Market Conditions

NOI Build-Up for 2,016 SF

Gross rent

$26.1K $12.96/SF

− Vacancy

−$4.7K −$2.32/SF

EGI

$21.5K $10.64/SF

− OpEx

−$6.4K −$3.19/SF

NOI

$15.0K $7.45/SF

Area

Saginaw County, MI

Vacancy

17.90%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$300,300

Cap Rate 7%

$214,500

Cap Rate 9%

$166,833

Alternative Uses

Best Use

Retail

$214.5K

$187.7K – $250.3K (±1% cap)

NOI $15,015 @ 7.0% cap · market cap 5.46%

Second Best

Industrial

$150.2K

$131.4K – $175.2K (±1% cap)

NOI $10,512 @ 7.0% cap · market cap 3.82%

Theoretical Best

Specialty Retail

$372.5K

$325.9K – $434.6K (±1% cap)

NOI $26,073 @ 7.0% cap · market cap 9.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Lifted Rides Car ... Car Rental Facility Complete Auto Repair Auto Repair Shop

Suggested Use

Top Pick Restaurant Dental Office Law Firm Hotel & Motel Garden Center Nail Salon

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

Location Intelligence

Trade Area within ½ mile

821

Businesses Nearby

102k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 24% Groceries 21% Home Improvements & Furnishings 2%

Olive Garden Dining

25,795 visits/mo 0.1 miles

Gordon Food Service Groceries

21,012 visits/mo 0.2 miles

Mister Car Wash Shops & Services

9,141 visits/mo 0.1 miles

Popeyes Louisiana Kitchen Dining

8,490 visits/mo 0.3 miles

BIGGBY COFFEE Dining

6,776 visits/mo 0.4 miles

Demographics for 48603, MI

27,492

Population

13,367

Households

2.1

Avg Household Size

43

Median Age

37%

College-Educated

94%

High-School Grad

18.2 sq mi

ZIP Area

1,511

Density / Sq Mi

$65,690

Median Household Income

$41,661

Median Earnings

$1,019

Median Rent

$181,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• ALCOLOCK Ignition Interlock — 2991 Bay Rd, Saginaw, MI 48603
• Tuffy Tire & Auto Service Center — 2929 Bay Rd, Saginaw, MI 48603
• Dex-Tech Auto Service Center — 2958 Bay Rd, Saginaw, MI 48603
• C J's Auto Services Center — 3090 Shattuck Rd, Saginaw, MI 48603
• J.O. Service Center (DBA Muffler Man Auto Repair) — 2914 Vogue Blvd, Saginaw, MI 48603

Frequently Asked Questions

What type of property is this?

Auto shop - Four-bay automotive facility on a busy road.

Where is this auto shop located?

The property is located at 3395 Bay Rd Saginaw, MI.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Four‑bay automotive facility.; Located on busy Bay Road (M‑84) in Saginaw Township.; Wide‑open shop area.