Turnkey Auto Service
For Sale
$499,000
895 Shaw Street, Howard City, MI 49329
Built in 2007 and offered as a turnkey package with tools, lifts, and shop equipment included.
Property Size2,760 SF
Price / SF$180.80
Days on Market30
Property Features for 895 Shaw Street
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Business Opportunities
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,100
Amenities
3
Composition
225 x 300
Paved Road.
Building Details
Year Built
2007
Listing Agency:
Century 21 Affiliated (GR)
(616) 719-9329
Listed By:
Jason Carlson
(616) 719-9329
Source:
Xome
Added: Jul 13
Changed: Aug 10
Last Checked: Aug 11 at 5:38AM
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 Century 21 Affiliated (GR)
Investment Insights
Based on property information with market context.
This turnkey auto service dealership opportunity was built in 2007 and is presented as a combined real estate and operating business sale. The included package also covers tools, lifts, and shop equipment, supporting an efficient transition for the next buyer. The property has an established lot that fits roughly 30 vehicles, with physical vehicle inventory excluded and vehicle stock planned as a separate transaction.
Located in Howard City, MI on a major connector, the site is described as high-visibility with consistent local traffic. It is less than one mile from US-131 and provides immediate highway access, with the remarks noting it is approximately 35 minutes north of Grand Rapids.
The offering is positioned for a seamless continuation of operations, with the current owner outlining clear, actionable steps for expansion and profit improvement for the next buyer.
Located in Howard City, MI on a major connector, the site is described as high-visibility with consistent local traffic. It is less than one mile from US-131 and provides immediate highway access, with the remarks noting it is approximately 35 minutes north of Grand Rapids.
The offering is positioned for a seamless continuation of operations, with the current owner outlining clear, actionable steps for expansion and profit improvement for the next buyer.
Key Highlights
- Commercial facility built in 2007 on an established lot measuring 225 x 300.
- Composition roof and paved road access.
- Less than one mile from US‑131 with immediate highway access; about 35 minutes north of Grand Rapids.
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
$42,087
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
8.43%
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%
$841,740
$841.7K
Cap Rate 7%
$601,243
$601.2K
Cap Rate 9%
$467,633
$467.6K
Market Conditions
NOI Build-Up for 2,760 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
$61.6K $22.32/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$60.1K $21.78/SF
− OpEx
−$18.0K −$6.54/SF
NOI
$42.1K $15.25/SF
Area
Montcalm County, MI
Vacancy
2.40%
Lease Rate
$22.32 /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%
$841,740
Cap Rate 7%
$601,243
Cap Rate 9%
$467,633
Alternative Uses
Best Use
Industrial
$601.2K
$526.1K – $701.5K
NOI $42,087 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 5.74%
Theoretical Best
Self Storage
$38.20M
$33.42M – $44.56M
NOI $2,673,775 @ 7.0% cap · market cap 535.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
2,019 visits/mo
0.5 miles
Demographics for 49329, MI
8,707
Population
3,824
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
89%
High-School Grad
78.6 sq mi
ZIP Area
111
Density / Sq Mi
$71,585
Median Household Income
$37,418
Median Earnings
$870
Median Rent
$190,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Built in 2007 and offered as a turnkey package with tools, lifts, and shop equipment included.
Where is this showroom located?
The property is located at 895 Shaw Street Howard City, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Commercial facility built in 2007 on an established lot measuring 225 x 300.; Composition roof and paved road access.; Less than one mile from US‑131 with immediate highway access; about 35 minutes north of Grand Rapids.
