Auto Polishing and Storage
For Sale
$169,000
9739 Saginaw Street, Reese, MI 48757
Turnkey facility includes auto cleaning equipment and 21 storage units, with training available during ownership transition.
Property Size1,420 SF
Days on Market112
Property Features for 9739 Saginaw Street
General Information
Standard status
Active
Size
1,420 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,816
Building Details
Building Size
1,420 SF
Year Built
1955
Stories
1
Listing Agency:
Knockout Real Estate
(989) 280-6026
Listed By:
Vicki Bender · License #6501320932
(989) 280-6026
Source:
Carolbollo
Added: May 5
Changed: Aug 23
Last Checked: Aug 22 at 10:31AM
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 Knockout Real Estate
Investment Insights
Based on property information with market context.
This turnkey for-sale opportunity combines an established auto polishing operation with on-site storage. The sale includes auto cleaning equipment and 21 storage units. The current owner is retiring and is willing to train the new owner on cleaning procedures to support a smooth transition.
The property is located at 9739 Saginaw St in Reese, MI, and the area is described as car-dependent for transportation.
For buyers looking for a ready-to-operate business and storage setup, this offering provides both the operational equipment for auto cleaning and an inventory of storage units included with the real estate and business sale.
The property is located at 9739 Saginaw St in Reese, MI, and the area is described as car-dependent for transportation.
For buyers looking for a ready-to-operate business and storage setup, this offering provides both the operational equipment for auto cleaning and an inventory of storage units included with the real estate and business sale.
Key Highlights
- Turnkey auto polishing and storage facility for sale
- Includes all auto cleaning equipment with the sale
- 21 storage units included
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
$14,741
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
8.72%
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%
$294,820
$294.8K
Cap Rate 7%
$210,586
$210.6K
Cap Rate 9%
$163,789
$163.8K
Market Conditions
NOI Build-Up for 1,420 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
$22.0K $15.48/SF
− Vacancy
−$923 −$0.65/SF
EGI
$21.1K $14.83/SF
− OpEx
−$6.3K −$4.45/SF
NOI
$14.7K $10.38/SF
Area
Tuscola County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$294,820
Cap Rate 7%
$210,586
Cap Rate 9%
$163,789
Alternative Uses
Best Use
Warehouse
$359.5K
$314.5K – $419.4K
NOI $25,163 @ 7.0% cap · market cap 14.89%
Second Best
Industrial
$296.0K
$259.0K – $345.4K
NOI $20,722 @ 7.0% cap · market cap 12.26%
Theoretical Best
Multifamily LT 5
$1.03M
$901.1K – $1.20M
NOI $72,084 @ 7.0% cap · market cap 42.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 48757, MI
3,511
Population
1,687
Households
2.1
Avg Household Size
46
Median Age
25%
College-Educated
97%
High-School Grad
55.2 sq mi
ZIP Area
64
Density / Sq Mi
$74,464
Median Household Income
$41,513
Median Earnings
$909
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Turnkey facility includes auto cleaning equipment and 21 storage units, with training available during ownership transition.
Where is this self storage facility located?
The property is located at 9739 Saginaw Street Reese, MI.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Turnkey auto polishing and storage facility for sale; Includes all auto cleaning equipment with the sale; 21 storage units included
