Flint, MI Industrial
For Sale
Contact for pricing
2120 Kansas Avenue, Flint, MI 48506
Industrial property in Flint, MI, leased to White Cap.
Property Size12,300 SF
Price / SF$73.17
Days on Market146
Property Features for 2120 Kansas Avenue
General Information
Standard status
Active
Size
12,300 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$69,000
Building Details
Year Built
1962
Tenancy
Single
Listing Agency:
Sands Investment Group Austin
Listed By:
Austin Marsh · License #TX 734360
Source:
Crexi
Added: May 14
Changed: Oct 5
Last Checked: Oct 5 at 3:53PM
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 Sands Investment Group Austin
Investment Insights
Based on property information with market context.
Sands Investment Group is offering for sale an industrial property located in Flint, MI. The property is occupied by White Cap, which recently acquired Colony Hardware. Following the acquisition, this facility is the only White Cap location within a 30-mile radius and the sole White Cap in the Flint, MI market. The property provides a functional industrial space with existing rents leased to an industry-leading tenant. The building has a size of 12,300 square feet.
Key Highlights
- Leased to White Cap, an industry‑leading tenant.
- Only White Cap facility within 30 miles.
- Sole White Cap in the Flint, MI market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,664
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,280
$1.4M
Cap Rate 7%
$995,200
$995.2K
Cap Rate 9%
$774,044
$774.0K
Market Conditions
NOI Build-Up for 12,300 SF
Gross rent
$110.7K $9.00/SF
− Vacancy
−$11.2K −$0.91/SF
EGI
$99.5K $8.09/SF
− OpEx
−$29.9K −$2.43/SF
NOI
$69.7K $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 Rate 5%
$1,393,280
Cap Rate 7%
$995,200
Cap Rate 9%
$774,044
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,591 @ 7.0% cap · market cap 9.40%
Second Best
Industrial
$995.2K
$870.8K – $1.16M
NOI $69,664 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,177 @ 7.0% cap · market cap 20.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
500
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 Industrial in Midwest region
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Similar Off Market Nearby
- Receiving — Curtice-Mott Complex, Flint, MI 48503
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property in Flint, MI, leased to White Cap.
Where is this warehouse located?
The property is located at 2120 Kansas Avenue Flint, MI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Leased to White Cap, an industry‑leading tenant.; Only White Cap facility within 30 miles.; Sole White Cap in the Flint, MI market.
