Turnkey Furnished Short-Term
For Sale
$410,000
545 Calgary Street, Auburn Hills, MI 48326
Fully furnished, professionally managed short-term rental business with established systems ready to operate upon closing.
Property Size1,236 SF
Days on Market115
Property Features for 545 Calgary Street
General Information
Standard status
Active
Size
1,236 SF
Property subtype
Commercial
Zoning
Residential
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Building Size
1,236 SF
Year Built
2017
Stories
1
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Est
(810) 652-8990
Listed By:
Ammar Abuwaraga
(810) 652-8990
Source:
Homesforsaleinmich
Added: Apr 17
Changed: Aug 8
Last Checked: Aug 9 at 12:41PM
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 Berkshire Hathaway HomeServices Michigan Real Est
Investment Insights
Based on property information with market context.
This turnkey, fully furnished and fully operational short-term rental business is professionally managed and set up for immediate use. The sale includes furnishings and kitchenware, appliances, bedding, check-in and check-out systems, Airbnb and VRBO listing profiles, booking history, cleaner contacts, and all operational materials needed to continue generating monthly income after closing. Operations are described as automated and streamlined, including smart lock access and guest systems already in place.
Located in Auburn Hills at 545 Calgary Street, the property is positioned minutes from Chrysler HQ, Oakland University, major hospitals, and nearby retail corridors, supporting year-round demand from corporate travelers, university visitors, families, and medical professionals.
According to the seller, the business has produced an estimated $36,000+ in annual gross income and approximately $26,000 net annual income, based on consistently booked performance across Airbnb and VRBO.
Located in Auburn Hills at 545 Calgary Street, the property is positioned minutes from Chrysler HQ, Oakland University, major hospitals, and nearby retail corridors, supporting year-round demand from corporate travelers, university visitors, families, and medical professionals.
According to the seller, the business has produced an estimated $36,000+ in annual gross income and approximately $26,000 net annual income, based on consistently booked performance across Airbnb and VRBO.
Key Highlights
- Year built 2017
- Fully furnished short‑term rental business with operational items included for immediate use after closing
- Professionally managed with established Airbnb and VRBO listing profiles and booking history
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
$15,161
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
3.70%
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%
$303,220
$303.2K
Cap Rate 7%
$216,586
$216.6K
Cap Rate 9%
$168,456
$168.5K
Market Conditions
NOI Build-Up for 1,236 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
$28.8K $23.28/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$27.6K $22.30/SF
− OpEx
−$12.4K −$10.04/SF
NOI
$15.2K $12.27/SF
Area
Oakland County, MI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$303,220
Cap Rate 7%
$216,586
Cap Rate 9%
$168,456
Alternative Uses
Best Use
Apartment 5plus
$216.6K
$189.5K – $252.7K
NOI $15,161 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 48326, MI
22,228
Population
12,219
Households
1.8
Avg Household Size
36
Median Age
47%
College-Educated
93%
High-School Grad
16.9 sq mi
ZIP Area
1,315
Density / Sq Mi
$79,468
Median Household Income
$46,012
Median Earnings
$1,411
Median Rent
$235,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished, professionally managed short-term rental business with established systems ready to operate upon closing.
Where is this short term rental property located?
The property is located at 545 Calgary Street Auburn Hills, MI.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Year built 2017; Fully furnished short‑term rental business with operational items included for immediate use after closing; Professionally managed with established Airbnb and VRBO listing profiles and booking history
