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

    9031 N Island Dr Flushing, MI 48433

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Flushing, MI

    Lot size:
    1.08 Acres
    Days on Market:
    123
    Last Refresh:
    Jan 21 at 12:06 pm

    Property Features for 9031 N Island Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    0815676030
    Lot size
    1.08 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matika Smith Fisher
    Matika Smith Fisher

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

    Listing agent Matika Smith Fisher (248) 846-3246

    Listing date Sep 21, 2025

    MLS# 20230029433 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

    Residential Lot in Flushing, MI

    This residential lot is located within the Bluffs at North Island Subdivision. The property is conveniently located near expressways, shopping centers, and Flushing Schools. With a lot size of 1.08 acres, this land provides an ideal opportunity to build a home in Flushing, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Auto Parts Store Department Store Kitchen & Bath Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Genesee
    State
    Michigan
    Longitude
    -83.85382
    Latitude
    43.092728

    Nearby Similar for Sale

    • $199,900
      2,668 SF

      Remodeled Downtown Mixed-Use Building

      Spacious, remodeled mixed-use building in downtown Flushing with investment potential.
      110 E Main St, Flushing, MI 48433
      View Details
    • $4,700,000
      22,592 SF

      Flushing Multi-Use Commercial Building

      22,592 SF building on 4.36 acres in Flushing, MI.
      1537 E Pierson Rd, Flushing, MI 48433
      View Details
    • $700,000
      5,188 SF

      Flushing Bar and Restaurant Opportunity

      Established bar and restaurant with real estate and liquor license.
      111 E Main St, Flushing, MI 48433
      View Details
    • $295,000

      Turn-Key Bakery Opportunity

      Fully equipped commercial property, ideal for bakery or restaurant.
      1444 E Pierson Rd, Flushing, MI 48433
      View Details
    • $222,212
      1,696 SF

      Updated Ranch Condo in Flushing

      Move-in ready condo with modern kitchen, finished basement, and private backyard.
      7031 Stratford Ln, Flushing, MI 48433
      View Details
    • $150,000
      4,800 SF

      Versatile Building in Flushing, Michigan

      Adaptable 4,800 sq ft building suitable for various purposes.
      5360 Bangor Ave, Flushing, MI 48433
      View Details
    • $39,999

      Flushing Estates Mobile Home

      3-bedroom home in a community with Flint River access.
      29 Armstrong Ave, Flushing, MI 48433
      View Details
    • $400,000

      Two-Building Office Development For Sale

      Five-unit office development for sale or lease on Pierson Rd.
      5265 W Pierson Rd, Flushing, MI 48433
      View Details
    • $189,999
      200 SF

      Flushing Office Building For Sale

      Office building with multiple offices, conference room, and kitchen.
      5121 Flushing Rd, Flushing, MI 48433
      View Details
    • $62,500

      Flushing Charter Township Property

      Property for sale in Flushing Charter Township, Michigan.
      257 Grissom Ct, Flushing, MI 48433
      View Details
    • $1,200,000

      Well-Maintained Medical Office Building

      12,000 SF building with long-term medical tenant.
      3469 Pierson Pl, Flushing, MI 48433
      View Details
    • $799,000
      1,342 SF

      Flushing Industrial Land & Home

      10.9 Acres, Prime Location, High Visibility
      3452-3466-3480 Elms, Flushing, MI 48433
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in a desirable Flushing subdivision, perfect for building.
    Where is this residential land & home lot located?
    The property is located at 9031 N Island Dr Flushing, MI.
    What is the asking price?
    The asking price for this property is $21,000.
    What are key features of this property?
    This property features: - Highly sought-after Bluffs at North Island Subdivision location.; - Ideal lot for building a dream home.; - Close proximity to expressways.
    (248) 846-3246
    Request Owner's contact information
    9031 N Island Dr Flushing, MI 48433
    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.
    9031 N Island Dr
    Flushing, MI 48433
    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
    9031 N Island Dr Flushing, MI 48433
    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
    Matika Smith Fisher
    Matika Smith Fisher
    Real Estate License ID: 6506048183
    (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.