4455 Corunna Rd, Flint, MI
4,568-SF multi-tenant building 100% leased in a dense retail area.
- Added:
- May 20, 2025
- Days on Market:
- 392
- Last Refresh:
- May 20 at 9:20 pm
Property Features for 4455 Corunna Rd
General Information
- Standard status
- Active
- Size
- 4,568 SF
- Lot size
- 0.71 Acres
- Property subtype
- RETAIL
Listing agent Mark Ruble License #(S):AZ:SA550593000,NV:S.0192964 (602) 770-2935
Listing office Marcus & Millichap | Phoenix (602) 770-2935
Listing date May 20, 2025
Source Moodyscre
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 Marcus & Millichap | Phoenix
HighLights
- 100% Leased with NNN Leases: Enjoy a stable income stream with minimal landlord responsibilities.
- High Traffic Location: Benefit from exceptional visibility at a busy intersection with over 34,200 cars per day.
- Drive‑Thru: Offers added convenience and potential for increased business.
- Dense Retail Corridor: Located among major retailers, attracting significant customer traffic.
- High Population Density: Situated within a trade area of 96,624 residents within a 5‑mile radius.
- Easily Accessible: Excellent frontage on Corunna Road, a direct route to downtown Flint.
Overview
Local Financial Insights For Retail
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 | $70.7k | $15.48 |
| − Vacancy | −$3.0k | −$0.65 |
| EGI | $67.7k | $14.83 |
| − OpEx | −$20.3k | −$4.45 |
| NOI | $47.4k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7699
- Latitude
- 43.0016