Commercial Kitchen with Bakery
New
For Sale
$275,000
1444 E Pierson Road, Flushing, MI 48433
Commercially zoned kitchen property with extensive bakery, food preparation, and restaurant equipment in place.
Property Size1,448 SF
Days on Market7
Property Features for 1444 E Pierson Road
General Information
Standard status
Active
Size
1,448 SF
Property subtype
Commercial
Zoning
Commercial
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,305
Building Details
Building Size
1,448 SF
Year Built
1955
Listing Agency:
Eric Stamm Team Real Estate
(810) 730-3434
Listed By:
Eric Stamm · License #6502405665
Source:
Irishhillsfivestarhomes
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 20 at 1:38PM
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 Eric Stamm Team Real Estate
Investment Insights
Based on property information with market context.
This commercially zoned property in Flushing includes a substantial food-preparation setup suitable for bakery operations or adaptation to a restaurant concept. Existing equipment includes an 8 Feet hood system with attached outdoor equipment, a 36 Inch 6 Burner natural gas range with oven, Belshaw donut fryer, grease filtering system, cake depositor, Doyon oven with 8 shelves and water attachments, and multiple refrigeration units. Additional improvements include stainless steel sheet pans, baker’s racks, sinks, a Zurn grease trap, mop sink, coffee maker, washer, and dryer.
Constructed in 1955, the property is located at 1444 E Pierson Road and sits next to Kroger in the Flushing business district. The equipment package provides a ready base for bakery production, food service, or a modified restaurant operation.
Constructed in 1955, the property is located at 1444 E Pierson Road and sits next to Kroger in the Flushing business district. The equipment package provides a ready base for bakery production, food service, or a modified restaurant operation.
Key Highlights
- 8 Feet hood system with attached outdoor equipment
- 36 Inch 6 Burner natural gas stove with oven
- Doyon oven with 8 shelves and water attachments
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
$12,839
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
4.67%
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%
$256,780
$256.8K
Cap Rate 7%
$183,414
$183.4K
Cap Rate 9%
$142,656
$142.7K
Market Conditions
NOI Build-Up for 1,448 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
$20.9K $14.40/SF
− Vacancy
−$3.7K −$2.58/SF
EGI
$17.1K $11.82/SF
− OpEx
−$4.3K −$2.96/SF
NOI
$12.8K $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 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%
$256,780
Cap Rate 7%
$183,414
Cap Rate 9%
$142,656
Alternative Uses
Best Use
Specialty Retail
$183.4K
$160.5K – $214.0K
NOI $12,839 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$117.2K
$102.5K – $136.7K
NOI $8,201 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 37%
Dining 24%
Kroger
Groceries
42,862 visits/mo
0.3 miles
Speedway
Shops & Services
25,945 visits/mo
0.4 miles
Taco Bell
Dining
12,846 visits/mo
0.3 miles
Wendy's
Dining
10,583 visits/mo
0.5 miles
Fast Eddie's Car Wash & Oil Change
Shops & Services
8,437 visits/mo
0.5 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Commercially zoned kitchen property with extensive bakery, food preparation, and restaurant equipment in place.
Where is this commercial kitchen located?
The property is located at 1444 E Pierson Road Flushing, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 8 Feet hood system with attached outdoor equipment; 36 Inch 6 Burner natural gas stove with oven; Doyon oven with 8 shelves and water attachments
