Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5054 Miller Rd Flint, MI 48507

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Pending
    $12,543 /Mo

    18,515 SF building on 3.22 acres near expressways.

    Lot size:
    3.22 Acres

    Property Features for 5054 Miller Rd

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    3.22 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    John Biff Snyder
    Source: Elliman

    Listing Agent: John Biff Snyder

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

    Learn more

    Overview

    Versatile Commercial Building with Acreage

    This 18,515 square foot commercial building is situated on a 3.22-acre lot with ample parking. The property offers high visibility and an open floor plan that can be partitioned to suit various needs. It features 16 ft high ceilings and vehicle access via a truck well at the back of the building, equipped with 3 garage doors. The location provides convenient access to I-75 and I-69 expressways, shopping centers, restaurants, Bishop airport, and hospitals. The property is located in close proximity to a proposed "Mega Site" multi-billion dollar facility, reported to be a semiconductor manufacturing facility potentially employing approximately 10,000 people. The property is available for lease at $8 per square foot triple net, equating to $12,543 per month NNN.
    Location Intelligence

    Current Use by Public Records

    Major Driving School, ... Training Center Tile & Stone Express Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Dental Office Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7744601
    Latitude
    42.9761459

    Nearby Similar for Lease

    • $6 SF/Yr
      9,077 SF

      Unique Office Space in Church

      Versatile office space in a church setting, up to 3,000 sqft.
      2474 S Ballenger Hwy, Flint, MI 48507
      View Details
    • $975 /Mo
      625 SF

      Commercial Suite For Rent

      625 SF commercial suite ideal for office or small business.
      5065 Miller Rd, Flint, MI 48507
      View Details
    • $2,000 /Mo
      2,662 SF

      Updated Commercial Building in Flint

      Fully updated commercial building in downtown Flint with highway access.
      1024 S Grand Traverse St, Flint, MI 48502
      View Details
    • $5,900 /Mo
      6,000 SF

      Three-Story Office Building in Flint

      Well-maintained office building with flexible suites for lease.
      4488 W Bristol Rd, Flint, MI 48507
      View Details
    • $6,900 /Mo
      12,380 SF

      Versatile Commercial Space on Hill Rd

      6380 sq ft space ideal for retail, medical, or office.
      6317 Taylor Dr, Flint, MI 48507
      View Details
    • $2,500 /Mo
      12,380 SF

      Versatile Commercial Space on Hill

      6380 sq ft commercial space suitable for various businesses.
      6317 Taylor Dr, Flint, MI 48507
      View Details
    • $2,000 /Mo
      2,000 SF

      Well-Maintained Office Building for Lease

      Three-story office building with flexible suites in a high-visibility location.
      4488 W Bristol Rd, Flint, MI 48507
      View Details
    • $3,500 /Mo
      11,666 SF

      Premium Office and Medical Suites

      Office and medical suites available for lease on Linden Road.
      1289 S Linden Rd S, Flint, MI 48532
      View Details
    • $1,500 /Mo
      1,800 SF

      Spacious Office Space For Lease

      Office space for lease with many possibilities for new business.
      1187 W Bristol Rd, Flint, MI 48507
      View Details
    • $1,000 /Mo
      1,494 SF

      Renovated Medical Office Condo

      Completely renovated medical office condo in a busy location.
      G4007 Court St W, Flint, MI 48532
      View Details
    • $3,900 /Mo
      3,200 SF

      Drive-Thru Retail Space in Flint

      Freestanding retail building with drive-thru near major retailers.
      5060 Corunna Rd, Flint, MI 48532
      View Details
    • $4,500 /Mo
      40,104 SF

      Three-Story Office Building in Flint

      Well-maintained office building with flexible suites for lease.
      4488 W Bristol-Ste A Rd, Flint, MI 48507
      View Details

    FAQs

    What type of property is this?
    Flex space - 18,515 SF building on 3.22 acres near expressways.
    Where is this flex space located?
    The property is located at 5054 Miller Rd Flint, MI.
    What is the lease rate?
    The lease rate is $12,543 /Mo.
    What are key features of this property?
    This property features: - 18,515 sq ft building on 3.22 acres with ample parking.; - Prime location near I-75 and I-69, shopping, restaurants, Bishop Airport, and hospitals.; - Potential for increased property value due to proposed "Mega Site" semiconductor manufacturing facility nearby.
    (810) 234-8007
    Request Owner's contact information
    5054 Miller Rd Flint, MI 48507
    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.
    5054 Miller Rd
    Flint, MI 48507
    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
    5054 Miller Rd Flint, MI 48507
    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
    John Biff Snyder
    (810) 234-8007 (810) 869-4404
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!