Upgraded Automotive Property with Paint
For Sale
$2,499,000
1415 E Pierson Rd, Flushing, MI 48433
The property includes B-2 commercial/industrial zoning and multiple enclosed buildings.
Property Size35,633 SF
Price / SF$70.13
Days on Market244
Property Features for 1415 E Pierson Rd
General Information
Standard status
Active
Size
35,633 SF
Property subtype
Commercial
Listing Agency:
Ham Group Realty
Listed By:
Lucy W Ham · License #122522
(810) 659-6569
Source:
Vmrealestatemichigan
Added: Jan 14
Changed: Sep 15
Last Checked: Sep 15 at 2:21PM
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 Ham Group Realty
Investment Insights
Based on property information with market context.
This automotive property occupies 6.9 acres and includes a 35,630-square-foot dealership facility, a 70-by-75-foot heated pole building, and a 20-by-29-foot storage building. Existing improvements include a paint booth, vehicle hoists, and other features suited to automotive operations. The site was upgraded in 2016 with new sidewalks, LED lighting, ceiling tiles, roofing, furnaces, air-conditioning equipment, and a resealed parking lot.
Located at 1415 E Pierson Rd in Flushing, Michigan, the property has frontage along Pierson Rd and Main St. B-2 commercial/industrial zoning is in place. The combination of enclosed facilities, accessory buildings, automotive equipment, and substantial land area provides a range of operational configurations within the existing property.
Located at 1415 E Pierson Rd in Flushing, Michigan, the property has frontage along Pierson Rd and Main St. B-2 commercial/industrial zoning is in place. The combination of enclosed facilities, accessory buildings, automotive equipment, and substantial land area provides a range of operational configurations within the existing property.
Key Highlights
- 6.9‑acre automotive property in Flushing, Michigan
- 35,630‑square‑foot dealership facility
- 70x75 heated pole building plus 20x29 storage building
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
$201,815
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
8.08%
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%
$4,036,300
$4.0M
Cap Rate 7%
$2,883,071
$2.9M
Cap Rate 9%
$2,242,389
$2.2M
Market Conditions
NOI Build-Up for 35,633 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
$320.7K $9.00/SF
− Vacancy
−$32.4K −$0.91/SF
EGI
$288.3K $8.09/SF
− OpEx
−$86.5K −$2.43/SF
NOI
$201.8K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,036,300
Cap Rate 7%
$2,883,071
Cap Rate 9%
$2,242,389
Alternative Uses
Best Use
Retail
$5.28M
$4.62M – $6.17M
NOI $369,902 @ 7.0% cap · market cap 14.80%
Second Best
Warehouse
$3.50M
$3.06M – $4.08M
NOI $245,061 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $524,869 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48433, MI
26,688
Population
10,597
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
55.5 sq mi
ZIP Area
481
Density / Sq Mi
$81,301
Median Household Income
$45,126
Median Earnings
$982
Median Rent
$197,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- P R Schor Enterprise — 6379 Kelly Rd, Flushing, MI 48433
- U-Haul Neighborhood Dealer — 4170 Commerce Dr, Flushing, MI 48433
Frequently Asked Questions
What type of property is this?
Automotive property - The property includes B-2 commercial/industrial zoning and multiple enclosed buildings.
Where is this automotive property located?
The property is located at 1415 E Pierson Rd Flushing, MI.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 6.9‑acre automotive property in Flushing, Michigan; 35,630‑square‑foot dealership facility; 70x75 heated pole building plus 20x29 storage building
