Automotive Garage with Vehicle
For Sale
$279,900
5600 Holton Road, Twin Lake, MI 49457
Commercial Sale, Twin Lake, MI
Property Size1,752 SF
Lot Size3.05 Acres
Price / SF$159.76
Days on Market155
Property Features for 5600 Holton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Reeths-Puffer
Middle school district
Reeths-Puffer
High school district
Reeths-Puffer
Directions
Holton Rd. North
Standard status
Active
APN
07-012-400-0012-00
Size
1,752 SF
Lot size
3.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Dalton Twp D-0147B SEC 12 T11N R16W N 275 FT of S 550 FT of W 480 FT of NW 1/4 of SE 1/4
Tax Annual Amount
1800
Legal Description
Dalton Twp D-0147B SEC 12 T11N R16W N 275 FT of S 550 FT of W 480 FT of NW 1/4 of SE 1/4
Utilities
Sewer type
Septic Tank
Heating system
Space Heater
Water source
Well
Building Details
Year built
1988
Number of units
1
Building materials
Aluminum Siding
Listing Agency:
TrenSyd Realty LLC
(231) 719-2103
Listed By:
Clarence S Colegrove · License #6502362692
(231) 578-2062
Added: Apr 14
Changed: Aug 19
Last Checked: Sep 15 at 4:06PM
MLS# 26015584
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive garage at 5600 Holton Road in Twin Lake, Michigan, offers 1,752 square feet of operational space on a 3.05-acre parcel. Built in 1988, the building has aluminum siding, a bathroom, broadband access, and space-heater service. Two vehicle lifts are included, while the expansive site provides parking and room for equipment storage.
The property is positioned along Holton Road with frontage on a high-traffic road, providing direct access and exposure for automotive operations. Water is supplied by a well, and the property uses a septic tank. The site configuration also leaves room for outdoor storage or future expansion, subject to applicable approvals.
The property is positioned along Holton Road with frontage on a high-traffic road, providing direct access and exposure for automotive operations. Water is supplied by a well, and the property uses a septic tank. The site configuration also leaves room for outdoor storage or future expansion, subject to applicable approvals.
Key Highlights
- 1,752‑square‑foot automotive garage on 3.05 acres
- Two vehicle lifts included
- Frontage on Holton Road and 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
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Open Analytics
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- T & A Auto Performance LLC — 5463 Holton Rd, Twin Lake, MI 49457
- Walt's Garage / Twin Lake Auto — 5600 holton rd, twin lake, mi 49457
- Chad's Auto Service — 5600 Holton Rd #9323, 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
Frequently Asked Questions
What type of property is this?
Auto shop - Operational facility with two vehicle lifts, parking area, and equipment-storage capacity.
Where is this auto shop located?
The property is located at 5600 Holton Road 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: 1,752‑square‑foot automotive garage on 3.05 acres; Two vehicle lifts included; Frontage on Holton Road and a high‑traffic road
