Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    407 W 2nd Flint, MI 48503

    View on Map
    Claim this Listing
    Picture of Land at 407 W 2nd, Flint, MI
    For Sale
    $79,900

    Vacant Land - Flint, MI

    Lot size:
    0.20 Acres
    Added:
    Apr 12, 2024
    Days on Market:
    729
    Last Refresh:
    Apr 10 at 5:06 pm

    Property Features for 407 W 2nd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    40-12-481-012
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    273

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Eashoo
    Ryan Eashoo

    Listing agent Ryan Eashoo License #122269

    Listing office REMAX Edge 405 S. State, Davison, MI

    Listing date Apr 12, 2024

    MLS# 50138571 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.

    Overview

    Vacant Land in Flint, MI

    This vacant land is located in the historic Carriage Town area, near downtown Flint, Michigan. The property is close to Hurley Hospital, the University of Michigan-Flint, and Kettering University. The surrounding neighborhood and downtown area are undergoing redevelopment. The lot size is 0.2 acres and is zoned for residential use, presenting an opportunity for a new owner to develop the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -83.685892
    Latitude
    43.01687

    Nearby Similar for Sale

    • $450,000
      4,552 SF

      Redevelopment Opportunity in Flint, MI

      4,552 SF commercial building on 1.89 acres for sale.
      5510 Richfield Road, Flint, MI 48506
      View Details
    • $769,900
      9,809 SF

      Fully Leased Office Building

      Pristine office building with six tenants near I-69.
      5083-5085 Miller, Flint, MI 48507
      View Details
    • $3,500,000
      8,000 SF

      Flint Laundromat and Dry Cleaning Business

      High-volume laundromat and dry cleaning business with real estate included.
      5229 Corunna Road, Flint, MI 48532
      View Details
    • $700,000
      7,959 SF

      Established Barber College in Flint

      Turn-key barber college with training facilities in Flint, Michigan.
      3214 Flushing, Flint, MI 48504
      View Details
    • $750,000
      5,109 SF

      Medical Office Building Investment

      Fully leased medical office building near McLaren Hospital.
      3380 Beecher Road, Flint, MI 48532
      View Details
    • $299,900
      3,040 SF

      Turnkey Office Building in Flint

      Pristine, updated office building in a prime business corridor.
      5091 Miller, Flint, MI 48507
      View Details
    • $95,000
      2,800 SF

      Versatile Commercial Building on Corner Lot

      Adaptable 2,800 SF commercial building with high visibility.
      2549 Corunna Road, Flint, MI 48503
      View Details
    • $250,000
      2,739 SF

      Historic Building in Flint, MI

      Versatile commercial building with recent renovations and flexible layout.
      1003 Church Street, Flint, MI 48502
      View Details
    • $575,000

      5-Acre Mixed-Use Development Opportunity

      Commercial frontage with residential development potential near major highways.
      W Pasadena Avenue, Flint Twp, MI 48504
      View Details
    • $325,000
      5,742 SF

      Flint Multi-Family Investment Opportunity

      Eight-unit apartment building in Flint, fully rented.
      712 S Grand Traverse, Flint, MI 48502
      View Details
    • $250,000
      8,140 SF

      Restaurant/Retail Opportunity on Dort Highway

      Spacious 8,140 SF building suitable for restaurant or retail use.
      2320 S Dort Highway, Flint, MI 48507
      View Details
    • $268,000
      3,500 SF

      Flint Commercial/Industrial Opportunity

      3,500 sq ft commercial unit suitable for fitness use.
      3525 E Court, Flint, MI 48506
      View Details

    FAQs

    What type of property is this?
    Land - Large vacant lot near downtown Flint, ready for development.
    Where is this land located?
    The property is located at 407 W 2nd Flint, MI.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Large lot size provides ample possibilities.; Prime location in Historic Carriage Town.; Close proximity to Downtown Flint.
    (810) 234-1234
    We can help!
    Listing Contact
    Ryan Eashoo
    Ryan Eashoo
    Real Estate License ID: 122269
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!