Building Details

Year Built 1957

Buildings 1

Listing Agency: Epique Realty

Listed By: William Alvin · License #6501412159 Show Phone

Source: Metrodetroithomeguide

Added: Aug 1 Changed: Oct 1 Last Checked: Oct 16 at 9:38AM

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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 Epique Realty

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Investment Insights

Based on property information with market context.

Built in 1957, this 2,392-square-foot commercial building has a cleared interior and a roof described as solid. The open condition allows for a custom remodel, while the flexible layout supports professional office, medical or community health, laundromat, and neighborhood market concepts identified for the property.

The building is located at 1415 Broadway Blvd in Flint, Michigan, and immediately abuts multiple parcels owned by the Latinx Technology and Community Center. The surrounding area includes new construction and expanded community services, providing an established community-oriented context for the property.

The interior condition and adaptable plan give an incoming owner a straightforward starting point for repositioning the space around a selected commercial use.

Key Highlights

• 2,392 SF commercial building with a cleared interior
• Built in 1957
• Solid roof and interior prepared for custom remodeling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,209

Suggested Prices Based on Cap Rates

Cap Rate 5%

$424,180 $424.2K

Cap Rate 7%

$302,986 $303.0K

Cap Rate 9%

$235,656 $235.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,392 SF

Gross rent

$34.4K $14.40/SF

− Vacancy

−$6.2K −$2.58/SF

EGI

$28.3K $11.82/SF

− OpEx

−$7.1K −$2.96/SF

NOI

$21.2K $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 Rate 5%

$424,180

Cap Rate 7%

$302,986

Cap Rate 9%

$235,656

Alternative Uses

Best Use

Healthcare Medical

$387.5K

$339.1K – $452.1K (±1% cap)

NOI $27,125 @ 7.0% cap · market cap 90.72%

Second Best

Office B

$376.4K

$329.4K – $439.2K (±1% cap)

NOI $26,351 @ 7.0% cap · market cap 88.13%

Theoretical Best

Office A

$503.3K

$440.4K – $587.2K (±1% cap)

NOI $35,234 @ 7.0% cap · market cap 117.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Physician In Home Services ... Medical Clinic Fact Outpost Inc Research And Product Development

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Restaurant Spa & Massage Center Law Firm

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

180

Businesses Nearby

Explore this area Business Placement

Demographics for 48506, MI

25,069

Population

11,114

Households

2.3

Avg Household Size

39

Median Age

9%

College-Educated

83%

High-School Grad

18.5 sq mi

ZIP Area

1,355

Density / Sq Mi

$44,416

Median Household Income

$31,740

Median Earnings

$897

Median Rent

$91,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - The 1957 building offers a flexible layout prepared for a custom commercial remodel.

Where is this office units located?

The property is located at 1415 Broadway Blvd Flint, MI.

What are key features of this property?

This property features: 2,392 SF commercial building with a cleared interior; Built in 1957; Solid roof and interior prepared for custom remodeling