Charter Drive Office
For Sale
$1,990,000
1055 Charter Dr, Flint, MI 48532
Office building available for sale in Flint, Michigan.
Property Size15,025 SF
Price / SF$132.45
Days on Market492
Property Features for 1055 Charter Dr
General Information
Standard status
Active
Size
15,025 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Ham Group Realty
Listed By:
Lucy W Ham · License #122522
(810) 659-6569
Source:
Vmrealestatemichigan
Added: Jun 4, 2025
Changed: Oct 1
Last Checked: Oct 7 at 12:42PM
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 Ham Group Realty
Investment Insights
Based on property information with market context.
An office building is available for sale. The property encompasses a total area of 15,700 square feet and is located on Charter Drive in Flint, Michigan.
Key Highlights
- Available for sale
- Year built: 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,521
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,310,420
$3.3M
Cap Rate 7%
$2,364,586
$2.4M
Cap Rate 9%
$1,839,122
$1.8M
Market Conditions
NOI Build-Up for 15,025 SF
Gross rent
$256.0K $17.04/SF
− Vacancy
−$35.3K −$2.35/SF
EGI
$220.7K $14.69/SF
− OpEx
−$55.2K −$3.67/SF
NOI
$165.5K $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%
$3,310,420
Cap Rate 7%
$2,364,586
Cap Rate 9%
$1,839,122
Alternative Uses
Best Use
Office B
$2.36M
$2.07M – $2.76M
NOI $165,521 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,316 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office building available for sale in Flint, Michigan.
Where is this office building located?
The property is located at 1055 Charter Dr Flint, MI.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Available for sale; Year built: 2003
