Office Development on Pierson
5265 W PIERSON Rd Flushing, MI 48433
For Sale
$400,000
Five-unit office development for sale or lease near US-75.
Property Size1,880 SF
Lot Size1.51 Acres
Price / SF$212.77
Days on Market143
Property Features for 5265 W PIERSON Rd
General Information
Standard status
Active
Size
1,880 SF
Lot size
1.51 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
Tremaine Real Estate
(810) 750-4665
Listed By:
Edward S Constable · License #6501377324
(810) 750-4665
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 29 at 1:09PM
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 Tremaine Real Estate
Investment Insights
Based on property information with market context.
This property features a five-unit, two-building office development available for sale or lease on Pierson Road. One unit, approximately 1080 square feet, is designed as a doctor's office, featuring eight rooms, a reception area, a waiting room, and three bathrooms. Another unit, approximately 800 square feet, is available for $675 per month and includes multiple offices and a private bathroom. The office building benefits from easy access to US-75 and nearby businesses. The sale includes properties at 5245 and 5265 Pierson Road. The building development includes monument street signage.
Key Highlights
- Five‑unit office development in two buildings.
- Top unit (approx. 1080 SF) perfectly suited for a doctor's office featuring eight rooms, reception, waiting area, and three bathrooms.
- Includes 5245 and 5265 Pierson.
Financial Insights For Office B
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 | $32.0k | $17.04 |
| − Vacancy | −$4.4k | −$2.35 |
| EGI | $27.6k | $14.69 |
| − OpEx | −$6.9k | −$3.67 |
| NOI | $20.7k | $11.02 |
1,880 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$295.9K
$258.9K – $345.2K
NOI $20,711 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.6K
$346.2K – $461.5K
NOI $27,692 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Five-unit office development for sale or lease near US-75.
Where is this office building located?
The property is located at 5265 W PIERSON Rd Flushing, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five‑unit office development in two buildings.; Top unit (approx. 1080 SF) **perfectly suited for a doctor's office** featuring eight rooms, reception, waiting area, and three bathrooms.; Includes 5245 and 5265 Pierson.
