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    Renovated Medical Office Condo Title is generated by Realmo AI

    4007 W Court, Flint, MI 48532

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    For Sale
    $99,900

    Office - Flint, MI

    Type:Office
    Property size:
    1,494 SF
    Price / SF:
    $66/SF
    Added:
    Sep 2, 2025
    Days on Market:
    250
    Last Refresh:
    May 9 at 1:06 pm

    Property Features for 4007 W Court

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Professional Office
    Interior features
    220 Volt Power, ADA Accessible, Bath, Cable Internet Installed, Cable TV Available, Private Restrooms, Public Restrooms, Reception Area, Restroom(s), Security Syetem Owned, Separate Meters, Sidewalks, Vinyl/Laminate Floors
    Exterior features
    Ada Accessible
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    07-16-677-009
    Size
    1,494 SF

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    2003
    Flooring type
    Laminate, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucy Ham
    Lucy Ham

    Listing agent Lucy Ham License #122522

    Listing office Ham Group Realty 124 E. Main St., Flushing, MI

    Listing date Sep 2, 2025

    MLS# 50187201 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely renovated medical office (2016) features a functional layout with waiting room, reception, lab, 4 exam rooms, kitchen, 2 bathrooms, and 2 offices.
    • Prime location on Court St/Graham Rd/Corunna Rd near US‑23/I‑75.
    • Enjoy low‑maintenance living in this condo‑style office: $350 monthly association fee covers all exterior building maintenance, lawn care, snow removal, group building insurance, and parking lot maintenance.
    • Flexible purchase options: for sale, for lease with option to buy, or land contract possible.
    • Separate furnace and all utilities in this office park condo.
    • Reduced property taxes due to successful appeal (assessed value reducing to $67,000).

    Overview

    This is a completely renovated medical office, updated in 2016, featuring a waiting room, reception area, lab, four exam rooms, a kitchen, and two bathrooms, along with two offices. The property boasts a layout and decor. It is situated in a busy location near Court Street, Graham Road, Corunna Road, US-23, and I-75. The condo includes a separate furnace and all utilities. The monthly association fee is $350, covering all exterior building maintenance, lawn care, snow removal, group building insurance, and parking lot maintenance. The property is suitable for sale or lease with an option to buy. A land contract is also possible with $30,000 down, 7.5% interest, and a 5-year balloon, subject to seller approval of buyer credit. The taxes were appealed and will reduce to an assessed value of $67,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Lakes Family ... Dental Office My Community Dental ... Dental Office Chitra P. Naik ... Dental Office Communit Center Cort Dental Office Parmanand Khandelwal MD Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7544791
    Latitude
    43.0065553

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    FAQs

    What type of property is this?
    Medical Office Space - Completely renovated medical office condo in a busy location.
    Where is this medical office space located?
    The property is located at 4007 W Court Flint, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Completely renovated medical office (2016) features a functional layout with waiting room, reception, lab, 4 exam rooms, kitchen, 2 bathrooms, and 2 offices.; Prime location on Court St/Graham Rd/Corunna Rd near US‑23/I‑75.; Enjoy low‑maintenance living in this condo‑style office: $350 monthly association fee covers all exterior building maintenance, lawn care, snow removal, group building insurance, and parking lot maintenance.
    (810) 659-6569
    We can help!
    Listing Contact
    Lucy Ham
    Lucy Ham
    Real Estate License ID: 122522
    Learn More
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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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