Automotive Facility on Bay
For Sale
Contact for pricing
3395 Bay Rd, Saginaw, MI 48603
Four-bay automotive facility on a busy road.
Property Size2,016 SF
Price / SF$136.41
Days on Market2159
Property Features for 3395 Bay Rd
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Special Purpose
Zoning
COMMERCIAL-RETAIL
Listing Agency:
Trademark Commercial Group
(989) 792-2192
Listed By:
Gretchen Witherspoon · License #MI 6501316390
Source:
Crexi
Added: Sep 23, 2020
Changed: Aug 19
Last Checked: Aug 20 at 12:23PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This 2,016-square-foot automotive facility is located on Bay Road (M-84) in Saginaw Township. The property features a wide-open shop area with four bays, a front office, and a waiting room. It offers potential for automotive repair, a body shop, or any business needing overhead door, shop, or warehouse space. Please note that the business is not for sale; only the real estate is available.
Key Highlights
- Four‑bay automotive facility.
- Located on busy Bay Road (M‑84) in Saginaw Township.
- Wide‑open shop area.
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
$15,015
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
5.46%
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%
$300,300
$300.3K
Cap Rate 7%
$214,500
$214.5K
Cap Rate 9%
$166,833
$166.8K
Market Conditions
NOI Build-Up for 2,016 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
$26.1K $12.96/SF
− Vacancy
−$4.7K −$2.32/SF
EGI
$21.5K $10.64/SF
− OpEx
−$6.4K −$3.19/SF
NOI
$15.0K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /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%
$300,300
Cap Rate 7%
$214,500
Cap Rate 9%
$166,833
Alternative Uses
Best Use
Retail
$214.5K
$187.7K – $250.3K
NOI $15,015 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$150.2K
$131.4K – $175.2K
NOI $10,512 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$372.5K
$325.9K – $434.6K
NOI $26,073 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 24%
Groceries 21%
Home Improvements & Furnishings 2%
Olive Garden
Dining
25,795 visits/mo
0.1 miles
Gordon Food Service
Groceries
21,012 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
9,141 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,490 visits/mo
0.3 miles
BIGGBY COFFEE
Dining
6,776 visits/mo
0.4 miles
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- J.O. Service Center (DBA Muffler Man Auto Repair) — 2914 Vogue Blvd, Saginaw, MI 48603
- C J's Auto Services Center — 3090 Shattuck Rd, Saginaw, MI 48603
- ALCOLOCK Ignition Interlock — 2991 Bay Rd, Saginaw, MI 48603
- Dex-Tech Auto Service Center — 2958 Bay Rd, Saginaw, MI 48603
- Tuffy Tire & Auto Service Center — 2929 Bay Rd, Saginaw, MI 48603
Frequently Asked Questions
What type of property is this?
Auto shop - Four-bay automotive facility on a busy road.
Where is this auto shop located?
The property is located at 3395 Bay Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four‑bay automotive facility.; Located on busy Bay Road (M‑84) in Saginaw Township.; Wide‑open shop area.
