Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5232 Richfield Rd Flint, MI 48506

    Sponsored
    For Lease
    $2,000 /Mo ($0.39 SF/Yr)

    Real Estate Only - Flint, MI

    Lot size:
    1.43 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 20 at 12:06 am

    Property Features for 5232 Richfield Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Multiple,Office
    APN
    1135553002
    Lot size
    1.43 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    1969
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Bahia M Jarrah

    East Central, LLC (248) 846-3246 [email protected]

    Listing agent Bahia M Jarrah (248) 846-3246

    Listing date Dec 30, 2025

    MLS# 20230028452 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Flint Office Space For Lease

    This office space for lease is situated on a high-traffic street, offering excellent visibility. The 1,700-square-foot layout is suitable for medical or dental offices, as it was previously used as a dental office. The space includes five exam rooms, two bathrooms, an office, a basement, and a reception area. Ample parking is available. The property is located approximately 2 miles north of I-69 on the east side of Flint, Michigan. The property is zoned for commercial, multiple, and office use, and is situated on a 1.43-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Rehab Physical Therapist Mohamad Al-Jabban, MD Internist Dr. Neimat A. Ahmed, ... Internist Richfield Pharmacy Pharmacy Mid Michigan Arthritis Medical Clinic

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6073676
    Latitude
    43.0517372

    Nearby Similar for Lease

    • $1,900 /Mo
      5,109 SF

      Medical Suite Near McLaren Hospital

      Move-in ready medical suite in a sought-after medical corridor.
      3380 Beecher Rd, Flint, MI 48532
      View Details
    • $4,500 /Mo
      50,094 SF

      Retail/Bank Space on Pierson Road

      4,660 SF retail/bank space for lease on busy Pierson Road.
      4346 W Pierson Rd, Flint, MI 48504
      View Details
    • $2,500 /Mo
      12,380 SF

      Versatile Commercial Space on Hill

      6380 sq ft commercial space suitable for various businesses.
      6317 Taylor Dr, Flint, MI 48507
      View Details
    • $6,900 /Mo
      12,380 SF

      Versatile Commercial Space on Hill Rd

      6380 sq ft space ideal for retail, medical, or office.
      6317 Taylor Dr, Flint, MI 48507
      View Details
    • $4,500 /Mo
      40,104 SF

      Three-Story Office Building in Flint

      Well-maintained office building with flexible suites for lease.
      4488 W Bristol-Ste A Rd, Flint, MI 48507
      View Details
    • $2,000 /Mo
      2,000 SF

      Well-Maintained Office Building for Lease

      Three-story office building with flexible suites in a high-visibility location.
      4488 W Bristol Rd, Flint, MI 48507
      View Details
    • $5,900 /Mo
      6,000 SF

      Three-Story Office Building in Flint

      Well-maintained office building with flexible suites for lease.
      4488 W Bristol Rd, Flint, MI 48507
      View Details
    • $3,900 /Mo
      3,200 SF

      Drive-Thru Retail Space in Flint

      Freestanding retail building with drive-thru near major retailers.
      5060 Corunna Rd, Flint, MI 48532
      View Details
    • $1,450 /Mo
      6,800 SF

      Commercial Building in Flint, Michigan

      Commercial building suitable for various businesses, including daycare and restaurants.
      5030 E Coldwater Rd, Flint, MI 48506
      View Details
    • $3,000 /Mo
      15,750 SF

      Flint Medical Office For Rent

      Professional medical office building with multiple exam rooms in business district.
      1020 Charter Dr, Flint, MI 48532
      View Details
    • $1,000 /Mo
      1,494 SF

      Renovated Medical Office Condo

      Completely renovated medical office condo in a busy location.
      G4007 Court St W, Flint, MI 48532
      View Details
    • $5,800 /Mo
      10,276 SF

      Prime Location on Linden Road

      Versatile commercial space in high-traffic Flint location.
      2222 S Linden Rd, Flint, MI 48532
      View Details

    FAQs

    What type of property is this?
    Medical office - Office space for lease in high-traffic Flint location.
    Where is this medical office located?
    The property is located at 5232 Richfield Rd Flint, MI.
    What is the lease rate?
    The lease rate is $0.39 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location with great visibility.; - Ideal layout for medical/dental offices (previously a dental office).; - 1700 sqft with **five exam rooms, two bathrooms, office, and reception area.**
    (248) 846-3246
    Request Owner's contact information
    5232 Richfield Rd Flint, MI 48506
    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.
    5232 Richfield Rd
    Flint, MI 48506
    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
    5232 Richfield Rd Flint, MI 48506
    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

    We can help!
    Listing Contact
    Bahia M Jarrah
    Real Estate License ID: 6501324031
    (248) 846-3246
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.