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    Freight Elevator Industrial Building Title is generated by Realmo AI

    1273 Broadway Boulevard, Flint, MI 48506

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    Picture of Manufacturing properties at 1273 Broadway Boulevard, Flint, MI
    For Sale
    $475,000

    COMMERCIAL - Flint, MI

    Property size:
    22,530 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $21/SF
    Added:
    Mar 28, 2024
    Days on Market:
    799
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 1273 Broadway Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    41-06-480-024
    Size
    22,530 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Annual Amount
    4768

    Utilities

    Heating system
    Forced Air, Zoned, Electric (Heating)
    Cooling system
    Exhaust Fan (Cooling), Humidity Control, Zoned, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1908
    Roof type
    Rubber

    We can help!

    Listing Contact
    Rob Moen
    Rob Moen

    Listing agent Rob Moen License #123169

    Listing office Keller Williams First 10785 S Saginaw St Suite E, Grand Blanc, MI

    Listing date Mar 28, 2024

    MLS# 50137028

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5‑story commercial building with 22,500+ SF at 1273 Broadway Blvd, zoned GI‑1 Green Innovation
    • Main level and half of the second floor have been renovated; floors 3–5 each offer about 4,500 SF of wide‑open space
    • Certified freight elevator serves all floors, including the basement, for vertical transport
    • Heavy‑duty concrete construction with wide‑span interiors and 9 ft.+ ceilings; rubber roof
    • Central air plus zoned forced‑air heating; public water service and off‑street parking/parking lot
    • Full fire suppression system remains in place; multiple adjacent parcels provide nearly a full city block of land

    Overview

    This five-story industrial building contains approximately 22,500 square feet and is zoned GI-1 Green Innovation. The main level and half of the second floor have been renovated, while floors 3 through 5 offer about 4,500 square feet each of open, redevelopment-ready space. The building is supported by heavy-duty concrete construction with wide-span interiors and 9-foot-plus ceilings. Central air and natural gas forced-air heating are included, along with a full fire suppression system that remains in place and can be restored with minimal work. A certified freight elevator provides vertical transport to all floors, including the basement.

    The property is located at 1273 Broadway Boulevard in Flint, Michigan, within Genesee County. The offering includes multiple adjacent parcels, providing buyers nearly a full city block of land for parking, expansion, or outdoor operational needs. The building has direct access to major arterials, with close proximity to I-475, I-69, and Downtown Flint.

    With multiple levels, open floor plates, and building-wide freight service, the property can support a range of light manufacturing, cannabis operations, storage, creative workspaces, and specialty commercial uses, subject to applicable approvals. Interested buyers should note showings require proof of funds or pre-approval, and the listing agent must be present for all appointments. Land Contract terms may be considered for qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Moving Stevens Storage Storage Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.679068
    Latitude
    43.034423

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    FAQs

    What type of property is this?
    Manufacturing property - Five-story industrial building with renovated lower levels, wide-span interiors, and a certified freight elevator serving all floors.
    Where is this manufacturing property located?
    The property is located at 1273 Broadway Boulevard Flint, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 5‑story commercial building with 22,500+ SF at 1273 Broadway Blvd, zoned GI‑1 Green Innovation; Main level and half of the second floor have been renovated; floors 3–5 each offer about 4,500 SF of wide‑open space; Certified freight elevator serves all floors, including the basement, for vertical transport
    (810) 691-0019
    We can help!
    Listing Contact
    Rob Moen
    Rob Moen
    Real Estate License ID: 123169
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    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.

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