Office
For Sale
Contact for pricing
1024-1028 Professional Dr, Flint, MI 48532
Office suites with immediate availability and ample on-site parking for efficient ingress and egress.
Property Size10,000 SF
Price / SF$250
Days on Market484
Property Features for 1024-1028 Professional Dr
General Information
Standard status
Active
Size
10,000 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
NAI Farbman - Corporate
(248) 351-4367
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Moodyscre
Added: Apr 28, 2025
Changed: Aug 8
Last Checked: Aug 23 at 6:53AM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
A 10,000 SF office property at 1024-1028 Professional Dr in Flint, MI offers suite space ranging from 350 to 2,000 SF. Multiple suite options are available for sale, with select suites available immediately, supporting flexible office requirements.
The property is positioned for quick access to I-75, which can help streamline commuting and business access. Ample parking is available, with smooth ingress and egress to support day-to-day tenant and visitor traffic.
Suites can be a practical fit for a range of office users looking for centrally located space within a smaller-footprint configuration, while still having the option to scale within the stated suite size range.
The property is positioned for quick access to I-75, which can help streamline commuting and business access. Ample parking is available, with smooth ingress and egress to support day-to-day tenant and visitor traffic.
Suites can be a practical fit for a range of office users looking for centrally located space within a smaller-footprint configuration, while still having the option to scale within the stated suite size range.
Key Highlights
- Total 10,000 SF office property for sale
- Suite sizes from 350 SF to 2,000 SF available immediately
- Quick access to I‑75
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
$110,164
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
4.41%
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%
$2,203,280
$2.2M
Cap Rate 7%
$1,573,771
$1.6M
Cap Rate 9%
$1,224,044
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$170.4K $17.04/SF
− Vacancy
−$23.5K −$2.35/SF
EGI
$146.9K $14.69/SF
− OpEx
−$36.7K −$3.67/SF
NOI
$110.2K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /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%
$2,203,280
Cap Rate 7%
$1,573,771
Cap Rate 9%
$1,224,044
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.84M
NOI $110,164 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,299 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 48532, MI
19,247
Population
9,093
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
16.0 sq mi
ZIP Area
1,203
Density / Sq Mi
$58,118
Median Household Income
$34,361
Median Earnings
$929
Median Rent
$157,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - Office suites with immediate availability and ample on-site parking for efficient ingress and egress.
Where is this office units located?
The property is located at 1024-1028 Professional Dr Flint, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Total 10,000 SF office property for sale; Suite sizes from 350 SF to 2,000 SF available immediately; Quick access to I‑75
