Multi-Suite Office
For Sale
Contact for pricing
1000-1028 Professional Drive, Flint, MI 48532
Multiple office suite sizes support immediate occupancy across a flexible commercial configuration.
Property Size10,000 SF
Price / SF$250
Days on Market189
Property Features for 1000-1028 Professional Drive
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Office
Building Details
Year Built
1989
Listing Agency:
NAI Farbman
Listed By:
Jacob Brown · License #6501461436
(248) 351-6331
Source:
Crexi
Added: Apr 11
Changed: Oct 15
Last Checked: Oct 14 at 10:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 10,000 square feet and was constructed in 1989. The property is offered for sale with suites ranging from 350 to 2,000 square feet, providing multiple size options within the building.
Located at 1000-1028 Professional Drive in Flint, Michigan, the property includes suites available for immediate occupancy.
Located at 1000-1028 Professional Drive in Flint, Michigan, the property includes suites available for immediate occupancy.
Key Highlights
- 10,000 SF office building offered for sale
- Suites range from 350 to 2,000 square feet
- Suites available for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,164
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,280
$2.2M
Cap Rate 7%
$1,573,771
$1.6M
Cap Rate 9%
$1,224,044
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$170.4K $17.04/SF
− Vacancy
−$23.5K −$2.35/SF
EGI
$146.9K $14.69/SF
− OpEx
−$36.7K −$3.67/SF
NOI
$110.2K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,203,280
Cap Rate 7%
$1,573,771
Cap Rate 9%
$1,224,044
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,164 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,299 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 48532, MI
19,247
Population
9,093
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
16.0 sq mi
ZIP Area
1,203
Density / Sq Mi
$58,118
Median Household Income
$34,361
Median Earnings
$929
Median Rent
$157,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Multiple office suite sizes support immediate occupancy across a flexible commercial configuration.
Where is this office building located?
The property is located at 1000-1028 Professional Drive Flint, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,000 SF office building offered for sale; Suites range from 350 to 2,000 square feet; Suites available for immediate occupancy
