Turnkey Office Condo
For Sale
Contact for pricing
1117 Villa Linde Court, Flint, MI 48532
Updated office condo with four private offices, conference room, kitchen, and multiple bathrooms—ready for immediate occupancy.
Property Size1,428 SF
Price / SF$146.98
Days on Market319
Property Features for 1117 Villa Linde Court
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Year Built
1984
Listing Agency:
Outlier Real Estate LLC
Listed By:
Quinton Foster
Source:
Crexi
Added: Sep 23, 2025
Changed: Jul 10
Last Checked: Aug 6 at 1:58PM
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 Outlier Real Estate LLC
Investment Insights
Based on property information with market context.
This beautifully updated, fully turnkey office condo offers 1,428 sq. ft. of flexible space designed for professional use. The layout includes four private offices, a conference room, a kitchen with microwave, refrigerator, and dishwasher, and three bathrooms. The largest office features a private ensuite bath, while the remaining offices share two general-access bathrooms. Each office is already plumbed with sinks from its previous setup. Finishes are modern throughout, and secure exterior doors support controlled access. The unit also comes furnished and tech-ready, with internet, phones, and a printer included to reduce setup time.
The property is located at 1117 Villa Linde Court in Flint, Michigan. As an office condo, it benefits from low-maintenance condo fees, supporting a more hands-off ownership experience. The seller indicates the space was most recently used as a real estate brokerage, while noting the configuration can translate well to medical use.
For buyers or operators seeking a ready-to-occupy professional environment, this suite offers multiple enclosed offices alongside a dedicated meeting space and on-site conveniences like a kitchen. The existing sink plumbing in each office is a practical feature for professional teams that require in-office points of use. With secure entry, a furnished setup, and included communications equipment, the property is positioned for an efficient move-in and straightforward day-to-day operations.
The property is located at 1117 Villa Linde Court in Flint, Michigan. As an office condo, it benefits from low-maintenance condo fees, supporting a more hands-off ownership experience. The seller indicates the space was most recently used as a real estate brokerage, while noting the configuration can translate well to medical use.
For buyers or operators seeking a ready-to-occupy professional environment, this suite offers multiple enclosed offices alongside a dedicated meeting space and on-site conveniences like a kitchen. The existing sink plumbing in each office is a practical feature for professional teams that require in-office points of use. With secure entry, a furnished setup, and included communications equipment, the property is positioned for an efficient move-in and straightforward day-to-day operations.
Key Highlights
- Updated 1,428 SF office condo built in 1984 with four private offices, a conference room, and a kitchen
- Largest office has a private ensuite bath; additional offices share two general‑access bathrooms
- Kitchen includes microwave, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,194
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,880
$323.9K
Cap Rate 7%
$231,343
$231.3K
Cap Rate 9%
$179,933
$179.9K
Market Conditions
NOI Build-Up for 1,428 SF
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.
Gross rent
$30.8K $21.60/SF
− Vacancy
−$3.9K −$2.70/SF
EGI
$27.0K $18.90/SF
− OpEx
−$10.8K −$7.56/SF
NOI
$16.2K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,880
Cap Rate 7%
$231,343
Cap Rate 9%
$179,933
Alternative Uses
Best Use
Healthcare Medical
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$224.7K
$196.6K – $262.2K
NOI $15,731 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$300.5K
$262.9K – $350.6K
NOI $21,034 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
552
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated office condo with four private offices, conference room, kitchen, and multiple bathrooms—ready for immediate occupancy.
Where is this office units located?
The property is located at 1117 Villa Linde Court Flint, MI.
What is the asking price?
The asking price for this property is $209,888.
What are key features of this property?
This property features: Updated 1,428 SF office condo built in 1984 with four private offices, a conference room, and a kitchen; Largest office has a private ensuite bath; additional offices share two general‑access bathrooms; Kitchen includes microwave, refrigerator, and dishwasher
