Automotive Property with Paint
For Sale
$2,499,000
1415 E Pierson Road, Flushing, MI 48433
COM/IND/BUS OPP, Flushing, MI
Property Size35,633 SF
Lot Size6.90 Acres
Price / SF$70.13
Days on Market139
Property Features for 1415 E Pierson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use, Professional Office, Commercial, Industrial
Parking features
Parking Lot
Security features
Security Lighting
Exterior features
Security Lighting
Lot features
Corner Lot, Main Street, Industrial
Subdivision
Flushing (25024)
Standard status
Active
APN
55-25-576-096
Size
35,633 SF
Lot size
6.90 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
43124
Utilities
Heating system
Forced Air, Zoned, Radiant
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Roof type
Flat
Listing Agency:
Ham Group Realty
(810) 659-6569
Listed By:
Lucy Ham · License #122522
(888) 960-2842
Added: Apr 28
Changed: Sep 12
Last Checked: Sep 13 at 7:06AM
MLS# 50205830
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.
Investment Insights
Based on property information with market context.
This automotive property occupies 6.9 acres and includes a primary commercial facility, a 70x75 heated pole building, and a 20x29 storage building. The operation is equipped with a paint booth and hoists, with radiant, forced-air, and zoned heating, along with central and zoned air conditioning. A flat roof, public water service, security lighting, and a parking lot are also in place.
The property has wraparound frontage along Pierson Road and Main Street in Flushing. Improvements completed in 2016 included sidewalks, LED lighting, ceiling tiles, the roof, furnaces, air conditioning, and parking-lot resealing. B-2 commercial-industrial zoning supports the property's established automotive configuration.
The property has wraparound frontage along Pierson Road and Main Street in Flushing. Improvements completed in 2016 included sidewalks, LED lighting, ceiling tiles, the roof, furnaces, air conditioning, and parking-lot resealing. B-2 commercial-industrial zoning supports the property's established automotive configuration.
Key Highlights
- 6.9‑acre automotive property in Flushing
- B‑2 commercial‑industrial zoning
- 70x75 heated pole building included
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
241
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
View Realmo Analytics
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 - B-2-zoned commercial-industrial facility with automotive equipment, multiple buildings, upgraded systems, and substantial paved parking.
Where is this automotive property located?
The property is located at 1415 E Pierson Road 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; B‑2 commercial‑industrial zoning; 70x75 heated pole building included
