Established Salon & Spa
For Sale
Contact for pricing
1388 W Bristol Rd, Flint, MI 48507
The sale includes inventory and an established client database.
Property Size1,800 SF
Price / SF$13.33
Days on Market50
Property Features for 1388 W Bristol Rd
General Information
Standard status
Active
Size
1,800 SF
Building Details
Year Built
1985
Listing Agency:
My Realty LLC
Listed By:
Terry Asmar · License #6501408856
(248) 884-2222
Source:
Katie-k
Added: Sep 4
Changed: Oct 22
Last Checked: Oct 20 at 10:57PM
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 My Realty LLC
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Investment Insights
Based on property information with market context.
This offering includes an operating salon and spa business with 20 years of established history. Inventory and the business’s client database are included in the sale.
The property measures 1,800 square feet and was built in 1985. It is located at 1388 W Bristol Rd in Flint, Michigan, providing a defined address for the salon and spa operation.
The property measures 1,800 square feet and was built in 1985. It is located at 1388 W Bristol Rd in Flint, Michigan, providing a defined address for the salon and spa operation.
Key Highlights
- Operating salon and spa business with 20 years of history
- Sale includes inventory and client database
- 1,800 square feet of property space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,686
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,720
$373.7K
Cap Rate 7%
$266,943
$266.9K
Cap Rate 9%
$207,622
$207.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.9K $15.48/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$26.7K $14.83/SF
− OpEx
−$8.0K −$4.45/SF
NOI
$18.7K $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%
$373,720
Cap Rate 7%
$266,943
Cap Rate 9%
$207,622
Alternative Uses
Best Use
Retail
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 77.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.8K
$331.4K – $441.9K
NOI $26,514 @ 7.0% cap · market cap 110.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Genesee Health System — 1040 W Bristol Rd, Flint, MI 48507
Frequently Asked Questions
What type of property is this?
Spa & wellness property - The sale includes inventory and an established client database.
Where is this spa & wellness property located?
The property is located at 1388 W Bristol Rd Flint, MI.
What are key features of this property?
This property features: Operating salon and spa business with 20 years of history; Sale includes inventory and client database; 1,800 square feet of property space
