Listing Agency: CBRE | Detroit

Listed By: David Long Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 6 Last Checked: Oct 5 at 4:16PM

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Investment Insights

Based on property information with market context.

A retail space is available for sale, offering 3,172 square feet of space. The property is located on Pierson Road in Flushing, Michigan.

Key Highlights

• Retail space available for sale.
• Located in Flushing, Michigan.
• Additional property details available.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,928

Cap Rate

8.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,560 $658.6K

Cap Rate 7%

$470,400 $470.4K

Cap Rate 9%

$365,867 $365.9K

Market Conditions

NOI Build-Up for 3,172 SF

Gross rent

$49.1K $15.48/SF

− Vacancy

−$2.1K −$0.65/SF

EGI

$47.0K $14.83/SF

− OpEx

−$14.1K −$4.45/SF

NOI

$32.9K $10.38/SF

Area

Genesee County, MI

Vacancy

4.20%

Lease Rate

$15.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,560

Cap Rate 7%

$470,400

Cap Rate 9%

$365,867

Alternative Uses

Best Use

Retail

$470.4K

$411.6K – $548.8K (±1% cap)

NOI $32,928 @ 7.0% cap · market cap 8.17%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$667.5K

$584.0K – $778.7K (±1% cap)

NOI $46,723 @ 7.0% cap · market cap 11.59%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Financial Plus Credit ... Credit Union Fifth Third Mortgage ... Loan Service

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Real Estate Agency Building Supply Restaurant Parking Lot & Garage

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

286

Businesses Nearby

159k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 41% Shops & Services 32% Groceries 27%

Kroger Groceries

42,862 visits/mo 0.3 miles

McDonald's Dining

27,214 visits/mo 0.1 miles

Speedway Shops & Services

25,945 visits/mo 0.2 miles

Taco Bell Dining

12,846 visits/mo 0.3 miles

Wendy's Dining

10,583 visits/mo 0.2 miles

Demographics for 48433, MI

26,688

Population

10,597

Households

2.5

Avg Household Size

44

Median Age

29%

College-Educated

95%

High-School Grad

55.5 sq mi

ZIP Area

481

Density / Sq Mi

$81,301

Median Household Income

$45,126

Median Earnings

$982

Median Rent

$197,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for sale in Flushing, Michigan.

Where is this retail space located?

The property is located at 6530 Pierson Road Flushing, MI.

What is the asking price?

The asking price for this property is $403,225.

What are key features of this property?

This property features: Retail space available for sale.; Located in Flushing, Michigan.; Additional property details available.