4018 CORUNNA Road, Flint, MI 48532
Business And Real Estate - Flint, MI
- Added:
- Jul 5, 2024
- Days on Market:
- 711
- Last Refresh:
- Jun 15 at 6:06 pm
Property Features for 4018 CORUNNA Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active Under Contract
- APN
- 4015458013
- Size
- 3,500 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8600
Building Details
- Year built
- 1983
- Year renovated
- 2019
- Floors in Building
- 1
- Building materials
- Asphalt, Brick
- Architectural style
- Other
Listing agent Bahia M Jarrah (248) 846-3246
Listing office Keller Williams First 10785 S Saginaw St Suite F, Grand Blanc, MI (248) 846-3246
Listing date Jul 5, 2024
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey 3,500 SQFT building completely remodeled in 2020.
- Excellent location with 124 ft frontage on a high traffic road and easy access to I‑75, I‑69 & US‑23.
- Established restaurant location for over 40 years with a great reputation and consistent clientele.
- Includes two dining areas, a banquet room, a granite bar, and over 100 seats.
- Large asphalt parking lot with 40+ parking spaces.
- Over 0.68 acres of land.
Overview
Local Financial Insights For Retail
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 | $54.2k | $15.48 |
| − Vacancy | −$2.3k | −$0.65 |
| EGI | $51.9k | $14.83 |
| − OpEx | −$15.6k | −$4.45 |
| NOI | $36.3k | $10.38 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Sandi's Elegant Catering — 1001 S Ballenger Hwy, Flint, MI 48532
- Shanta's Wing'Z & Thing'Z — 3313 Chicago Blvd, Flint, MI 48503
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7403646
- Latitude
- 43.0026705