Building Details

Year Built 1974

Year Renovated 2019

Added: Apr 3, 2023 Changed: May 21

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,864

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,280 $437.3K

Cap Rate 7%

$312,343 $312.3K

Cap Rate 9%

$242,933 $242.9K

Market Conditions

NOI Build-Up for 1,928 SF

Gross rent

$41.6K $21.60/SF

− Vacancy

−$5.2K −$2.70/SF

EGI

$36.4K $18.90/SF

− OpEx

−$14.6K −$7.56/SF

NOI

$21.9K $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 Rate 5%

$437,280

Cap Rate 7%

$312,343

Cap Rate 9%

$242,933

Alternative Uses

Best Use

Healthcare Medical

$312.3K

$273.3K – $364.4K (±1% cap)

NOI $21,864 @ 7.0% cap · market cap 9.11%

Second Best

Office B

$303.4K

$265.5K – $354.0K (±1% cap)

NOI $21,240 @ 7.0% cap · market cap 8.85%

Theoretical Best

Office A

$405.7K

$355.0K – $473.3K (±1% cap)

NOI $28,399 @ 7.0% cap · market cap 11.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Rogers-Grays Brenda DO Pediatrician SS Media Productions ... Recording Studio SS Technologies and Solutions Media Distribution

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Restaurant Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Immaculate, remodeled office space perfect for medical or professional use.

Where is this office units located?

The property is located at 1134 S Linden Rd Flint, MI.

What is the asking price?

The asking price for this property is $239,900.