Restaurant Property with
For Sale
Contact for pricing
1252 N BALLENGER, Flint, MI 48504
For-sale restaurant property in excellent condition with high-traffic exposure and seller leaseback.
Property Size3,419 SF
Price / SF$146.21
Days on Market556
Property Features for 1252 N BALLENGER
General Information
Standard status
Active
Size
3,419 SF
Property subtype
Business for Sale, Retail
Building Details
Year Built
1970
Listing Agency:
RE/MAX Grande
(810) 695-4111
Listed By:
Scott Myers · License #620395235
Source:
Crexi
Added: Feb 11, 2025
Changed: Aug 11
Last Checked: Aug 19 at 8:31AM
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 RE/MAX Grande
Investment Insights
Based on property information with market context.
This for-sale restaurant property is presented in excellent condition and sized at 3,419 square feet. It is offered as a turn-key restaurant opportunity, with the seller stating they will lease the property back following the sale. The listing also notes land contract terms, which may be relevant to buyers evaluating seller financing structures.
The property is positioned in a prime location and is described as having a high traffic count and outstanding visibility, supporting strong commercial exposure for restaurant operations. Visibility and customer access are key considerations for restaurant users, and the remarks emphasize these characteristics as part of the offering.
For tenants and owner-operators, this configuration can support restaurant use with an asset already conditioned for that business type. For buyers, the seller leaseback provides a transition period, and the land contract terms listed are $150,000 down payment, $4,000 per month, 9% interest, and a 36-month balloon. The asking price is $499,900, and the buyer should confirm all terms and conditions directly with the seller and broker during due diligence.
The property is positioned in a prime location and is described as having a high traffic count and outstanding visibility, supporting strong commercial exposure for restaurant operations. Visibility and customer access are key considerations for restaurant users, and the remarks emphasize these characteristics as part of the offering.
For tenants and owner-operators, this configuration can support restaurant use with an asset already conditioned for that business type. For buyers, the seller leaseback provides a transition period, and the land contract terms listed are $150,000 down payment, $4,000 per month, 9% interest, and a 36-month balloon. The asking price is $499,900, and the buyer should confirm all terms and conditions directly with the seller and broker during due diligence.
Key Highlights
- Restaurant property built in 1970
- Seller will lease back the property
- Land contract terms: $150,000 down payment, $4,000/month payment, 9% interest, 36‑month balloon
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,316
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,320
$606.3K
Cap Rate 7%
$433,086
$433.1K
Cap Rate 9%
$336,844
$336.8K
Market Conditions
NOI Build-Up for 3,419 SF
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.
Gross rent
$49.2K $14.40/SF
− Vacancy
−$8.8K −$2.58/SF
EGI
$40.4K $11.82/SF
− OpEx
−$10.1K −$2.96/SF
NOI
$30.3K $8.87/SF
Area
Genesee County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$606,320
Cap Rate 7%
$433,086
Cap Rate 9%
$336,844
Alternative Uses
Best Use
Specialty Retail
$433.1K
$379.0K – $505.3K
NOI $30,316 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$719.4K
$629.5K – $839.4K
NOI $50,361 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48504, MI
24,266
Population
12,464
Households
1.9
Avg Household Size
37
Median Age
12%
College-Educated
87%
High-School Grad
14.7 sq mi
ZIP Area
1,651
Density / Sq Mi
$36,740
Median Household Income
$27,782
Median Earnings
$895
Median Rent
$48,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale restaurant property in excellent condition with high-traffic exposure and seller leaseback.
Where is this conventional restaurant located?
The property is located at 1252 N BALLENGER Flint, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Restaurant property built in 1970; Seller will lease back the property; Land contract terms: $150,000 down payment, $4,000/month payment, 9% interest, 36‑month balloon
