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    Scott Myers, Flint, MI

    License ID: 6506029181
    Years of Experience
    16
    Languages
    English
    Association
    East Central Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (810) 344-3363
    Office Address:
    11817 S Saginaw St, Grand Blanc, Michigan, 48439

    Performance

    Listings
    23
    Total transactions
    468
    Total transactions amount
    $88M
    Price range
    $125k - 282k
    Average price
    $188k

    Listings

    For Sale (23)

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    • Contact for pricing

      Established Restaurant Near Higgins Lake

      Cozy 40-seat restaurant with loyal customer base.
      3556 E Higgins Lake Rd, Roscommon, MI 48653
      View Details
    • $220,000
      2,127 SF

      Saginaw Industrial Space For Sale

      Versatile Industrial Space, High Traffic Area
      205 Center St, Saginaw, MI 48638
      View Details
    • $169,900
      2,622 SF

      Spacious Burton Industrial Building

      Versatile building, ample parking, great location.
      1386 Hemphill Rd, Burton, MI 48529
      View Details
    • Contact for pricing

      Established Auto Service Business For Sale

      Successful auto service business with real estate included in sale.
      S Dort Hwy, Burton, MI 48507
      View Details
    • $499,000
      5,200 SF

      Grayling Restaurant & Bar For Sale

      Established Entertainment Venue, High-Grossing Potential
      6811 M 72 Hwy, Grayling, MI 49738
      View Details
    • Contact for pricing

      Galt Mobile Home with Amenities

      Affordable 2-bed, 2-bath mobile home in Galt community.
      820 Lincoln Way, Galt, CA 95632
      View Details
    • $89,000
      Pending

      Commercial Property on Clio Road

      Commercial property with flexible land contract terms available for sale.
      4918 Clio Rd, Flint, MI 48504
      View Details
    • $1,350,000
      Pending

      Prime 7-Eleven Investment Opportunity

      7-Eleven investment on a highly visible corner location.
      3909 E 14 Mile Rd, Sterling Heights, MI 48310
      View Details
    • $275,000
      10,512 SF

      Retail Strip Center For Sale

      Retail strip center with high traffic and ample parking.
      3102 S Dort Hwy, Flint, MI 48507
      View Details
    • $105,000
      2,196 SF

      Established Neighborhood Bar with Potential

      Neighborhood bar with updated kitchen, ample parking, and basement.
      2415 N Dort Hwy, Flint, MI 48506
      View Details
    • $650,000
      2,732 SF

      Grand Blanc Commercial Opportunity

      High-visibility commercial space suitable for retail or medical office.
      8392 Holly Rd, Grand Blanc, MI 48439
      View Details
    • $1,100,000

      High-Traffic Corner Commercial Property

      Prime commercial property with high visibility and multiple potential uses.
      11293 Torrey Rd, Fenton, MI 48430
      View Details
    • $2,675,000
      7,356 SF

      Fenton Office Building For Sale

      7,356 SqFt office building available in Fenton, Michigan.
      15555 Silver Pkwy, Fenton, MI 48430
      View Details
    • $950,000

      Sports Bar and Entertainment Venue

      Turnkey sports bar and entertainment venue with ample parking.
      5153 Fenton Rd, Flint, MI 48507
      View Details
    • $1,191,000

      Multi-Tenant Building with Income Potential

      8,220 sq ft multi-tenant building with excellent curb appeal.
      1063 W Hill Rd, Flint, MI 48507
      View Details
    • $825,000

      8.7 Acres of Land

      8.7 acres of land available for sale.
      000 Union Lake Rd, White Lake, MI 48386
      View Details
    • $275,000

      Industrial Building on Fenced Acreage

      2,340 sq ft industrial building on 2.27 acres.
      4096 N Dort Hwy, Flint, MI 48506
      View Details
    • $159,900

      Commercial Building on High-Traffic Road

      Well-maintained commercial building suitable for various professional uses.
      5204 Davison Rd, Burton, MI 48509
      View Details
    • $325,000

      Commercial Lot on Holly Road

      Commercial land for sale in a growing development corridor.
      8402 Holly Rd, Grand Blanc, MI 48439
      View Details
    • $349,900
      18,000 SF

      Industrial Property with 18,000 SqFt

      Industrial property featuring 18,000 SqFt of space.
      5522 N Dort Hwy, Flint, MI 48505
      View Details
    • Contact for pricing

      Commercial/Industrial Lots Near I-69

      Four commercial/industrial lots available near I-69.
      7 Walli Strasse Dr, Burton, MI 48509
      View Details
    • Contact for pricing

      Commercial/Industrial Lots Near I-69

      Commercial/industrial lots available for purchase near I-69.
      9 Walli Strasse Dr, Burton, MI 48509
      View Details
    • $275,000
      10,512 SF

      Retail Strip Center For Sale

      Retail strip center with high traffic and ample parking.
      3102 S Dort Hwy, Flint, MI 48507
      View Details

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    • For Sale

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    Scott Myers, Flint, MI
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Scott Myers, Flint, MI
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