Storage Garage
N 10320 N Holly Road Unit SourceFi Grand Blanc, MI 48439
N 10320 N Holly Road Unit SourceFi, Grand Blanc, MI, 48439
$776,000
For Sale
$776,000
Premium garage condo units with private half baths, vaulted ceilings, finished interiors, and dedicated climate and electrical systems.
Property Size4,500 SF
Price / SF$172.44
Days on Market53
Property Features for N 10320 N Holly Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 20
Listing Agency
Gearhead Homes Realty Inc
(248) 550-5221
Listed by
Brian McNamara · License #6501376331
(248) 550-5221
Source
Xome
Added: May 29 Checked: Jul 20 at 1:39 am
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 Gearhead Homes Realty Inc
Investment Insights
Based on property information with market context.
Hollywood Garage Condos offers premium, fully finished storage garage condo units designed for vehicle, RV, boat, hobby, and small-business storage or workspace needs. Each unit includes vaulted ceilings (20' at the front tapering to 17' at the rear), a private half bathroom, and a floor drain with a filter and oil/water separation system. Interiors are fully finished with block and drywall, including R19 insulated walls and R38 insulated ceilings, reinforced concrete floors with a vapor barrier, and LED lighting. Plumbing rough-ins are in place for a utility sink, with a 14' insulated garage door featuring window panels, jackshaft opener with remote, and a 100-amp electrical service with outlets. Units also include forced-air gas heat and A/C with a Wi-Fi thermostat, interior hose bib, Comcast internet hookup, pre-wiring for two ceiling fans, and plumbing provisions for water and gas.
The property is listed for sale in Grand Blanc, Michigan.
Optional post-closing upgrades may include a mezzanine level and additional electrical and fan options. Units may also be combined for additional square footage. Association dues are $96 per month and cover security-gate access, outdoor lighting, snow removal, grounds maintenance, an onsite dumpster, and security cameras. Financing is available, subject to qualification.
The property is listed for sale in Grand Blanc, Michigan.
Optional post-closing upgrades may include a mezzanine level and additional electrical and fan options. Units may also be combined for additional square footage. Association dues are $96 per month and cover security-gate access, outdoor lighting, snow removal, grounds maintenance, an onsite dumpster, and security cameras. Financing is available, subject to qualification.
Key Highlights
- Premium 4,500 SF garage condo units designed for car collectors, RV/boat owners, and storage/workspace needs
- Each unit features vaulted ceilings (20' at the front tapering to 17' at the rear) and a private half bathroom
- Floor drain with filter plus an oil/water separation system included in every unit
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $12.00 |
| − Vacancy | −$2.7k | −$0.60 |
| EGI | $51.3k | $11.40 |
| − OpEx | −$15.4k | −$3.42 |
| NOI | $35.9k | $7.98 |
4,500 SF · lease $12.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$513.0K
$448.9K – $598.5K
NOI $35,910 @ 7.0% cap · market cap 4.63%
Second Best
Warehouse
$442.1K
$386.9K – $515.8K
NOI $30,948 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$946.9K
$828.6K – $1.10M
NOI $66,284 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Premium garage condo units with private half baths, vaulted ceilings, finished interiors, and dedicated climate and electrical systems.
Where is this self storage facility located?
The property is located at N 10320 N Holly Road Unit SourceFi Grand Blanc, MI.
What is the asking price?
The asking price for this property is $776,000.
What are key features of this property?
This property features: Premium 4,500 SF garage condo units designed for car collectors, RV/boat owners, and storage/workspace needs; Each unit features vaulted ceilings (20' at the front tapering to 17' at the rear) and a private half bathroom; Floor drain with filter plus an oil/water separation system included in every unit
