Leased Auto Shop
5010 Miller Road, Flint, MI 48507
For Sale
$1,172,769
Brand new 10-year lease renewal provides a long-dated commitment through September 2036.
Property Size4,137 SF
Days on Market148
Property Features for 5010 Miller Road
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Building Details
Building Size
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License MI #6502378067
(248) 702-0288
Source:
Commercialcafe
Added: Jun 16
Changed: Oct 30
Last Checked: Nov 10 at 5:14AM
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 Encore Real Estate Investment Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property is presented for sale with a brand new 10-year lease renewal. The current lease is scheduled to expire in September 2036, establishing a long-dated occupancy commitment tied to the existing lease structure.
The property is located at 5010 Miller Road in Flint Township, Michigan (48507). It is being marketed as a commercial automotive/auto shop asset under the renewed term, which can simplify planning for an ownership transition.
For buyers and investors, the primary consideration here is the lease duration extending to September 2036. That long timeline may appeal to those looking for an automotive-oriented asset with established leasing terms rather than near-term re-tenanting. For industry operators and brokers, the asset’s fit is straightforward: it is positioned as an auto shop/automotive use property that is already leased under a renewed agreement. Interested parties should review the full lease documents to confirm all terms tied to the renewal, including the exact lease commencement details and responsibilities under the agreement.
The property is located at 5010 Miller Road in Flint Township, Michigan (48507). It is being marketed as a commercial automotive/auto shop asset under the renewed term, which can simplify planning for an ownership transition.
For buyers and investors, the primary consideration here is the lease duration extending to September 2036. That long timeline may appeal to those looking for an automotive-oriented asset with established leasing terms rather than near-term re-tenanting. For industry operators and brokers, the asset’s fit is straightforward: it is positioned as an auto shop/automotive use property that is already leased under a renewed agreement. Interested parties should review the full lease documents to confirm all terms tied to the renewal, including the exact lease commencement details and responsibilities under the agreement.
Key Highlights
- Brand new 10‑year lease renewal with a lease expiration in September 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,946
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,920
$858.9K
Cap Rate 7%
$613,514
$613.5K
Cap Rate 9%
$477,178
$477.2K
Market Conditions
NOI Build-Up for 4,137 SF
Gross rent
$64.0K $15.48/SF
− Vacancy
−$2.7K −$0.65/SF
EGI
$61.4K $14.83/SF
− OpEx
−$18.4K −$4.45/SF
NOI
$42.9K $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 Rate 5%
$858,920
Cap Rate 7%
$613,514
Cap Rate 9%
$477,178
Alternative Uses
Best Use
Retail
$613.5K
$536.8K – $715.8K
NOI $42,946 @ 7.0% cap · market cap 3.66%
Second Best
Industrial
$334.7K
$292.9K – $390.5K
NOI $23,431 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
120k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Superstores 18%
Dining 14%
Apparel 6%
Hobby Lobby
Shops & Services
42,743 visits/mo
0.5 miles
Speedway
Shops & Services
24,015 visits/mo
0.5 miles
Big Lots
Superstores
21,171 visits/mo
0.2 miles
Plato's Closet
Apparel
7,490 visits/mo
0.5 miles
Smoothie King
Dining
7,149 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Auto shops in Flint
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Auto Dent Quality/ Hail Damage Repair — 5154 Rhine Dr, Flint, MI 48507
- Premier Fleet Services — 5202 Commerce Rd, Flint, MI 48507
- Monro Auto Service And Tire Centers — 5010 Miller Rd, Flint, MI 48507
- Belle Tire — 4545 Miller Rd, Flint, MI 48507
- Glass Gallery — 3341 Linden Rd, Flint, MI 48507
Frequently Asked Questions
What type of property is this?
Auto shop - Brand new 10-year lease renewal provides a long-dated commitment through September 2036.
Where is this auto shop located?
The property is located at 5010 Miller Road Flint, MI.
What is the asking price?
The asking price for this property is $1,172,769.
What are key features of this property?
This property features: Brand new 10‑year lease renewal with a lease expiration in September 2036
