Auto Salvage Yard
For Sale
$450,000
5901 N DORT, Flint, MI 48505
Auto salvage yard with pole barn in busy area.
Property Size6,032 SF
Lot Size5.40 Acres
Days on Market176
Property Features for 5901 N DORT
General Information
Standard status
Active
Size
6,032 SF
Lot size
5.40 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,986
Building Details
Building Size
6,032 SF
Year Built
1949
Listing Agency:
RE/MAX Grande
(810) 344-3363
Listed By:
Scott Myers · License #620395235
(810) 344-3363
Source:
Elliman
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 4:26PM
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 RE/MAX Grande
Investment Insights
Based on property information with market context.
This property presents an opportunity to own an auto salvage yard situated in a high-traffic area. The property includes a 56' x 50' pole barn and some equipment, facilitating immediate business operations. The offering comprises multiple parcels. Intended use is for auto salvage operations. Opportunities like this are rare.
Key Highlights
- Established auto salvage yard in a busy area
- Includes a 56' x 50' pole barn
- Comes with some equipment
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
$34,163
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
7.59%
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%
$683,260
$683.3K
Cap Rate 7%
$488,043
$488.0K
Cap Rate 9%
$379,589
$379.6K
Market Conditions
NOI Build-Up for 6,032 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
$54.3K $9.00/SF
− Vacancy
−$5.5K −$0.91/SF
EGI
$48.8K $8.09/SF
− OpEx
−$14.6K −$2.43/SF
NOI
$34.2K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /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%
$683,260
Cap Rate 7%
$488,043
Cap Rate 9%
$379,589
Alternative Uses
Best Use
Retail
$894.5K
$782.7K – $1.04M
NOI $62,618 @ 7.0% cap · market cap 13.92%
Second Best
Industrial
$488.0K
$427.0K – $569.4K
NOI $34,163 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,850 @ 7.0% cap · market cap 19.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48505, MI
17,685
Population
10,546
Households
1.7
Avg Household Size
38
Median Age
9%
College-Educated
85%
High-School Grad
12.5 sq mi
ZIP Area
1,415
Density / Sq Mi
$31,477
Median Household Income
$24,429
Median Earnings
$749
Median Rent
$28,300
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
- Jet Auto Repair — 5201 Dort Hwy, Flint, MI 48505
- RPM Wholesale Car Parts — 6025 Dort Hwy, Flint, MI 48505
- Flint Auto Salvage — 5901 Dort Hwy, Flint, MI 48505
- RPM WORLD CLASS TIRES — 6025 Dort Hwy, Flint, MI 48505
- Yetti Mobile Auto Repair — 1806 E Webster Rd, Flint, MI 48505
Frequently Asked Questions
What type of property is this?
Auto shop - Auto salvage yard with pole barn in busy area.
Where is this auto shop located?
The property is located at 5901 N DORT Flint, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Established auto salvage yard in a busy area; Includes a **56' x 50' pole barn**; Comes with some equipment
