1055 Charter Dr, Flint, MI 48532
Office building available for sale in Flint, Michigan.
- Added:
- Sep 13, 2023
- Days on Market:
- 1029
- Last Refresh:
- May 12 at 9:59 pm
Property Features for 1055 Charter Dr
General Information
- Standard status
- Active
- Size
- 15,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing office Friedman Real Estate (248) 330-5286
Listing date Sep 13, 2023
Source Crexi
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 Friedman Real Estate
HighLights
- Available for sale
- Year built: 2003
Overview
Local Financial Insights For Office B
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 | $267.5k | $17.04 |
| − Vacancy | −$36.9k | −$2.35 |
| EGI | $230.6k | $14.69 |
| − OpEx | −$57.7k | −$3.67 |
| NOI | $173.0k | $11.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7689387
- Latitude
- 43.0151545
