Drive-Through Convenience
New
For Sale
$129,999
2005 Davison Rd, Flint, MI 48506
An existing beer and wine license is in place at this former operating location.
Property Size712 SF
Days on Market2
Property Features for 2005 Davison Rd
General Information
Standard status
Active
Size
712 SF
Property subtype
Commercial
Additional Details
Drive-Thru
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$3,082
Building Details
Building Size
712 SF
Listed By:
Zachariah Duker · License #6501400623
(810) 695-4111
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 3:03PM
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 Zachariah Duker
Investment Insights
Based on property information with market context.
This Flint convenience-store property was recently closed and retains a drive-through setup. A beer and wine license is in place, providing a specific licensing feature for the next operator.
The property is at 2005 Davison Rd. Its Bike Score is 57, Walk Score is 45, and Transit Score is 30.
The property is at 2005 Davison Rd. Its Bike Score is 57, Walk Score is 45, and Transit Score is 30.
Key Highlights
- Drive‑through setup remains at the recently closed store
- Beer and wine license in place
- Bike Score 57; Walk Score 45; Transit Score 30
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
$7,391
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
5.69%
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%
$147,820
$147.8K
Cap Rate 7%
$105,586
$105.6K
Cap Rate 9%
$82,122
$82.1K
Market Conditions
NOI Build-Up for 712 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
$11.0K $15.48/SF
− Vacancy
−$463 −$0.65/SF
EGI
$10.6K $14.83/SF
− OpEx
−$3.2K −$4.45/SF
NOI
$7.4K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /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%
$147,820
Cap Rate 7%
$105,586
Cap Rate 9%
$82,122
Alternative Uses
Best Use
Retail
$105.6K
$92.4K – $123.2K
NOI $7,391 @ 7.0% cap · market cap 5.69%
Second Best
Specialty Retail
$90.2K
$78.9K – $105.2K
NOI $6,313 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$149.8K
$131.1K – $174.8K
NOI $10,488 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48506, MI
25,069
Population
11,114
Households
2.3
Avg Household Size
39
Median Age
9%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
1,355
Density / Sq Mi
$44,416
Median Household Income
$31,740
Median Earnings
$897
Median Rent
$91,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Save A Lot — 1918 N Dort Hwy, Flint, MI 48506
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An existing beer and wine license is in place at this former operating location.
Where is this grocery and convenience store located?
The property is located at 2005 Davison Rd Flint, MI.
What is the asking price?
The asking price for this property is $129,999.
What are key features of this property?
This property features: Drive‑through setup remains at the recently closed store; Beer and wine license in place; Bike Score 57; Walk Score 45; Transit Score 30
