Multi-Tenant Retail
For Sale
Contact for pricing
1419-1425 Flushing Road, Flushing, MI 48433
Leased multi-tenant retail center anchored by service and medical users with ingress/egress from two major roadways.
Property Size15,786 SF
Lot Size2.00 Acres
Price / SF$168.63
Days on Market53
Property Features for 1419-1425 Flushing Road
General Information
Standard status
Active
Size
15,786 SF
Lot size
2.00 Acres
Property subtype
Retail, Office
Occupancy
100%
Site & Location
Traffic Count
22,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1997
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Detroit
Listed By:
Ashish Vakhariya · License #MI 6501322501
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 6 at 6:58AM
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 Marcus & Millichap - Detroit
Investment Insights
Based on property information with market context.
Flushing Pointe Plaza is a 15,786-square-foot multi-tenant retail center situated on 2.0 acres at 1419-1425 Flushing Road in Flushing, Michigan. The property features multiple retail and service users and is leased to a mix of national, regional, and local tenants, including ATI Physical Therapy, Edward Jones, RE/MAX, Hungry Howie’s, and Pure Psychiatry of Michigan.
The center is positioned between Flushing Road and East Pierson Road, with convenient ingress and egress from both roadways. The surrounding area supports a retail corridor that includes Kroger, Tractor Supply Co., Home Depot, and Aldi, and the site is also within reach of regional connectivity via Interstate 75 and Interstate 69.
This tenant mix—spanning physical therapy, financial services, real estate, food, and behavioral health—can be attractive to operators seeking a recurring, daily-needs customer base in an established neighborhood retail setting. Prospective buyers may also view the property as a well-defined, occupied retail platform within Genesee County, supported by major local healthcare providers and regional employment and education institutions in the broader trade area.
The center is positioned between Flushing Road and East Pierson Road, with convenient ingress and egress from both roadways. The surrounding area supports a retail corridor that includes Kroger, Tractor Supply Co., Home Depot, and Aldi, and the site is also within reach of regional connectivity via Interstate 75 and Interstate 69.
This tenant mix—spanning physical therapy, financial services, real estate, food, and behavioral health—can be attractive to operators seeking a recurring, daily-needs customer base in an established neighborhood retail setting. Prospective buyers may also view the property as a well-defined, occupied retail platform within Genesee County, supported by major local healthcare providers and regional employment and education institutions in the broader trade area.
Key Highlights
- 15,786 SF multi‑tenant retail center built in 1997 on 2.0 acres
- Leased to a mix of national, regional, and local tenants including ATI Physical Therapy, Edward Jones, RE/MAX, Hungry Howie's, and Pure Psychiatry of Michigan
- Service‑oriented tenant base includes medical and financial users supporting recurring local traffic
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
$179,013
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
6.72%
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%
$3,580,260
$3.6M
Cap Rate 7%
$2,557,329
$2.6M
Cap Rate 9%
$1,989,033
$2.0M
Market Conditions
NOI Build-Up for 15,786 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
$341.0K $21.60/SF
− Vacancy
−$42.6K −$2.70/SF
EGI
$298.4K $18.90/SF
− OpEx
−$119.3K −$7.56/SF
NOI
$179.0K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$3,580,260
Cap Rate 7%
$2,557,329
Cap Rate 9%
$1,989,033
Alternative Uses
Best Use
Healthcare Medical
$2.56M
$2.24M – $2.98M
NOI $179,013 @ 7.0% cap · market cap 6.72%
Second Best
Office B
$2.48M
$2.17M – $2.90M
NOI $173,904 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,526 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,400 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Leased multi-tenant retail center anchored by service and medical users with ingress/egress from two major roadways.
Where is this shopping center located?
The property is located at 1419-1425 Flushing Road Flushing, MI.
What is the asking price?
The asking price for this property is $2,661,998.
What are key features of this property?
This property features: 15,786 SF multi‑tenant retail center built in 1997 on 2.0 acres; Leased to a mix of national, regional, and local tenants including ATI Physical Therapy, Edward Jones, RE/MAX, Hungry Howie's, and Pure Psychiatry of Michigan; Service‑oriented tenant base includes medical and financial users supporting recurring local traffic
