Building Details

Building Size 4,100 SF

Year Renovated 2026

Listing Agency: Wentworth Real Estate Group

Listed By: Nickola Zerka · License #6501435062 Show Phone

Source: Elliman

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:38AM

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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 Wentworth Real Estate Group

Investment Insights

Based on property information with market context.

This flex property contains approximately 4,100 square feet, including an open workshop measuring approximately 98' x 42'. High ceilings, concrete flooring, and overhead lighting serve the main work area. A separate finished room and private restroom provide additional interior space. The sale includes three parcels.

Interior updates were completed in 2026, with central air installed in 2023 and a furnace added in 2022. I-69 is less than a mile away, and I-75 is approximately one mile from the property.

Key Highlights

• Approximately 4,100 square feet, including an open workshop measuring approximately 98' x 42'
• Three parcels included in the sale
• High ceilings, concrete floors, and overhead lighting in the workshop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,221

Cap Rate

6.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$464,420 $464.4K

Cap Rate 7%

$331,729 $331.7K

Cap Rate 9%

$258,011 $258.0K

Market Conditions

NOI Build-Up for 4,100 SF

Gross rent

$36.9K $9.00/SF

− Vacancy

−$3.7K −$0.91/SF

EGI

$33.2K $8.09/SF

− OpEx

−$10.0K −$2.43/SF

NOI

$23.2K $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%

$464,420

Cap Rate 7%

$331,729

Cap Rate 9%

$258,011

Alternative Uses

Best Use

Industrial

$331.7K

$290.3K – $387.0K (±1% cap)

NOI $23,221 @ 7.0% cap · market cap 6.83%

Second Best

Flex RnD

$328.6K

$287.5K – $383.3K (±1% cap)

NOI $23,000 @ 7.0% cap · market cap 6.77%

Theoretical Best

Office A

$862.7K

$754.9K – $1.01M (±1% cap)

NOI $60,392 @ 7.0% cap · market cap 17.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Dental Office Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

303

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48503, MI

21,743

Population

11,823

Households

1.8

Avg Household Size

39

Median Age

18%

College-Educated

85%

High-School Grad

8.5 sq mi

ZIP Area

2,558

Density / Sq Mi

$40,155

Median Household Income

$29,689

Median Earnings

$842

Median Rent

$75,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - A separate finished room and private restroom complement the main work area.

Where is this flex space located?

The property is located at 2611 Corunna Rd Flint, MI.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: Approximately 4,100 square feet, including an open workshop measuring approximately 98' x 42'; Three parcels included in the sale; High ceilings, concrete floors, and overhead lighting in the workshop