Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3236 Corunna Rd Flint, MI 48503

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $95,000

    Turn-key hookah lounge with established clientele in high-traffic location.

    Property Features for 3236 Corunna Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Nickola Zerka
    Source: Exprealty

    Listing Agency: Wentworth Real Estate Group Listing Agent: Nickola Zerka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Hookah Lounge in Flint

    This is a fully operational, high-traffic hookah lounge located in a prime area of Flint, Michigan. The business features upscale lounge seating, modern hookah setups, and premium sound and lighting. It benefits from excellent visibility, ample parking, and an established, loyal customer base. The sale includes security systems, POS setup, and all equipment needed for immediate operation.
    Location Intelligence

    Current Use by Public Records

    longhorn meat market Grocery Store Lily Hair Designs Beauty Salon flint mattress and furniture Mattress Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Good Beans Cafe, Arrowhead Vets Club, Down the Tracks

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7424966
    Latitude
    43.0026919

    Nearby Similar for Sale

    • $374,900
      8,940 SF

      Versatile Commercial Buildings in Flint

      Three buildings on just under 2 acres with road frontage.
      3830 Corunna Rd, Flint, MI 48532
      View Details
    • $750,000
      5,109 SF

      Medical Office Building Investment

      Fully leased medical office building near McLaren Hospital.
      3380 Beecher Rd, Flint, MI 48532
      View Details
    • $449,900
      4,100 SF

      Updated Victorian Commercial Building on Acre

      Updated commercial Victorian building with ample parking and living quarters.
      2052 S Dye Rd, Flint, MI 48532
      View Details
    • $299,900
      5,202 SF

      Turn-Key Event Center on 20 Acres

      20-acre property with event center, kitchen, bar, and pavilion.
      4323 W Carpenter Rd, Flint, MI 48504
      View Details
    • $125,000
      0.14 Acres

      Well-Maintained Duplex in Flint, MI

      Income-generating duplex near universities and downtown Flint.
      607 Thayer St, Flint, MI 48503
      View Details
    • New
      $209,888
      1,428 SF

      Turnkey Office Condo in Flint

      Updated 1,428 sq ft office condo with flexible layout.
      1117 Villa Linde Ct, Flint, MI 48532
      View Details
    • $2,290,000
      15,025 SF

      15,000 SF Building in Flint

      15,025 SF building on 2.5 acres near I-69 and I-75.
      1055 Charter Dr, Flint, MI 48532
      View Details
    • New
      $162,900
      2,520 SF

      Commercial Building in Genesee Township

      Commercial building suitable for salon, office, or retail business.
      4344 Richfield Rd, Flint, MI 48506
      View Details
    • $129,000
      1,563 SF

      Flint Township Duplex Opportunity

      Turnkey duplex in Flint Township with immediate income potential.
      3522 Ridgecliffe Dr, Flint, MI 48532
      View Details
    • $699,999
      10,956 SF

      Redevelopment Opportunity on 2.5 Acres

      Versatile property with redevelopment potential, catering, community service, investment.
      4138 Corunna Rd, Flint, MI 48532
      View Details
    • $115,000
      2,800 SF

      Versatile Commercial Building on Corner Lot

      Adaptable 2,800 SF commercial building with high visibility.
      2549 Corunna Rd, Flint, MI 48503
      View Details
    • $499,900
      8,000 SF

      Versatile Commercial Building in Flint

      8,000 SF commercial building suitable for various business types.
      5030 E Coldwater Rd, Flint, MI 48506
      View Details

    FAQs

    What type of property is this?
    Bar - Turn-key hookah lounge with established clientele in high-traffic location.
    Where is this bar located?
    The property is located at 3236 Corunna Rd Flint, MI.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Fully operational, turn-key hookah lounge business ready to operate from day one.; - Established customer base and high-traffic location.; - Prime location with excellent visibility and plenty of parking.
    (810) 931-0458
    Request Owner's contact information
    3236 Corunna Rd Flint, MI 48503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3236 Corunna Rd
    Flint, MI 48503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3236 Corunna Rd Flint, MI 48503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nickola Zerka
    (810) 931-0458
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.