Automotive Garage with Vehicle
For Sale
$279,900
5600 HOLTON RD, Twin Lake, MI 49457
Operational automotive facility with road frontage, on-site parking, and room for equipment storage.
Property Size1,752 SF
Price / SF$159.76
Days on Market134
Property Features for 5600 HOLTON RD
General Information
Standard status
Active
Size
1,752 SF
Property subtype
Business Opportunities
Amenities
3
481276
Building Details
Year Built
1988
Listing Agency:
TrenSyd Realty LLC
(231) 578-2062
Listed By:
Clarence Colegrove · License #6502362692
(231) 578-2062
Source:
Xome
Added: Apr 11
Changed: Aug 22
Last Checked: Aug 22 at 5:35AM
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 TrenSyd Realty LLC
Investment Insights
Based on property information with market context.
This automotive garage is an operating facility on approximately 3 acres, with two vehicle lifts and a layout suited to ongoing service work. The property was built in 1988 and includes substantial outdoor area for parking and equipment storage.
Road frontage along a high-traffic roadway provides visibility and direct access for customers and vehicles. The lot also offers space that may support future expansion, subject to applicable approvals. A special use permit may allow another use of the building; buyers should verify the permit status and requirements.
Road frontage along a high-traffic roadway provides visibility and direct access for customers and vehicles. The lot also offers space that may support future expansion, subject to applicable approvals. A special use permit may allow another use of the building; buyers should verify the permit status and requirements.
Key Highlights
- Automotive garage on approximately 3 acres
- Two vehicle lifts included
- Frontage on a high‑traffic road
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
$22,648
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
8.09%
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%
$452,960
$453.0K
Cap Rate 7%
$323,543
$323.5K
Cap Rate 9%
$251,644
$251.6K
Market Conditions
NOI Build-Up for 1,752 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
$33.2K $18.96/SF
− Vacancy
−$864 −$0.49/SF
EGI
$32.4K $18.47/SF
− OpEx
−$9.7K −$5.54/SF
NOI
$22.6K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$452,960
Cap Rate 7%
$323,543
Cap Rate 9%
$251,644
Alternative Uses
Best Use
Retail
$323.5K
$283.1K – $377.5K
NOI $22,648 @ 7.0% cap · market cap 8.09%
Second Best
Industrial
$240.1K
$210.1K – $280.1K
NOI $16,805 @ 7.0% cap · market cap 6.00%
Theoretical Best
Hotel Hospitality
$16.45M
$14.40M – $19.20M
NOI $1,151,716 @ 7.0% cap · market cap 411.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Home Improvements & Furnishings 26%
Dollar General
Shops & Services
6,001 visits/mo
0.5 miles
Twin Lake Ace Hardware
Home Improvements & Furnishings
2,135 visits/mo
0.3 miles
Demographics for 49457, MI
10,833
Population
4,925
Households
2.2
Avg Household Size
40
Median Age
20%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
134
Density / Sq Mi
$74,439
Median Household Income
$42,964
Median Earnings
$1,071
Median Rent
$194,000
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
- Walt's Garage / Twin Lake Auto — 5600 holton rd, twin lake, mi 49457
- JG Auto REPAIR — 2975 5th St, Twin Lake, MI 49457
- Twin Lake Auto & Tire — 3190 4th St, Twin Lake, MI 49457
- T & A Auto Performance LLC — 5463 Holton Rd, Twin Lake, MI 49457
- Chad's Auto Service — 5600 Holton Rd #9323, Twin Lake, MI 49457
Frequently Asked Questions
What type of property is this?
Auto shop - Operational automotive facility with road frontage, on-site parking, and room for equipment storage.
Where is this auto shop located?
The property is located at 5600 HOLTON RD Twin Lake, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Automotive garage on approximately 3 acres; Two vehicle lifts included; Frontage on a high‑traffic road
