Automotive Showroom and Service
New
For Sale
$2,499,000
1415 E Pierson Road, Flushing, MI 48433
Large-format automotive property with dedicated service equipment, supplemental buildings, and upgraded site improvements.
Property Size35,633 SF
Lot Size6.90 Acres
Price / SF$70.14
Days on Market6
Property Features for 1415 E Pierson Road
General Information
Standard status
Active
Size
35,633 SF
Lot size
6.90 Acres
Property subtype
Commercial
Zoning
Mixed Use, Professional Of
Amenities
paint booth
hoists
Building Details
Building Size
35,633 SF
Year Renovated
2016
Listing Agency:
Ham Group Realty
(810) 659-6569
Listed By:
Lucy W Ham · License #122522
Source:
Irishhillsfivestarhomes
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 2:50PM
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 showroom and service property includes 35,630 square feet across 6.9 acres. The facility is configured for dealership operations and includes a state-of-the-art paint booth, vehicle hoists, and additional buildings for storage or operational support. A 70 x 75 heated pole building and a 20 x 29 storage building are also included.
Upgrades completed in 2016 include new sidewalks, LED lighting, ceiling tiles, roofing, furnaces, air conditioning, and a resealed parking lot. The property has wraparound frontage along Pierson Road and Main Street in Flushing, Michigan, with two tax parcels identified as 55-25-576-096 and 55-98-016-013.
Upgrades completed in 2016 include new sidewalks, LED lighting, ceiling tiles, roofing, furnaces, air conditioning, and a resealed parking lot. The property has wraparound frontage along Pierson Road and Main Street in Flushing, Michigan, with two tax parcels identified as 55-25-576-096 and 55-98-016-013.
Key Highlights
- 35,630‑square‑foot automotive showroom and service property on 6.9 acres
- State‑of‑the‑art paint booth and vehicle hoists included
- 70 x 75 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
$201,798
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%
$4,035,960
$4.0M
Cap Rate 7%
$2,882,829
$2.9M
Cap Rate 9%
$2,242,200
$2.2M
Market Conditions
NOI Build-Up for 35,630 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%
$4,035,960
Cap Rate 7%
$2,882,829
Cap Rate 9%
$2,242,200
Alternative Uses
Best Use
Retail
$5.28M
$4.62M – $6.16M
NOI $369,871 @ 7.0% cap · market cap 14.80%
Second Best
Warehouse
$3.50M
$3.06M – $4.08M
NOI $245,040 @ 7.0% cap · market cap 9.81%
Theoretical Best
Office A
$7.50M
$6.56M – $8.75M
NOI $524,825 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial 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?
Showroom - Large-format automotive property with dedicated service equipment, supplemental buildings, and upgraded site improvements.
Where is this showroom 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: 35,630‑square‑foot automotive showroom and service property on 6.9 acres; State‑of‑the‑art paint booth and vehicle hoists included; 70 x 75 heated pole building included
