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    Corner Office Suite with On-Site Parking Title is generated by Realmo AI

    3010 S Dye Road, Flint, MI 48532

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    For Lease
    $895/Mo $12 SF/Yr (calc)

    COMMERCIAL - Flint, MI

    Property size:
    847 SF
    Lot size:
    0.64 Acres
    Added:
    Jan 14, 2025
    Days on Market:
    506
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 3010 S Dye Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    07-29-501-004
    Size
    847 SF
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12587

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1974
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Lucy Ham
    Lucy Ham

    Listing agent Lucy Ham License #122522

    Listing office Ham Group Realty 124 E Main St., Flushing, MI

    Listing date Jan 14, 2025

    MLS# 50164614

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Unit B available for immediate occupancy, offering 847 SF plus a partial basement for storage
    • Spacious office suite with 3 offices, 2 bathrooms, and a reception area (Unit B)
    • Handicap accessible building
    • Large corner lot with on‑site parking lot
    • Former non‑profit offices with insurance and attorney office use
    • Built in 1974; forced‑air heating and an asphalt roof; public water

    Overview

    Unit B is a spacious office suite within a single building that was updated in 1998 and presented as immaculate. The available space includes a reception area plus three offices and two bathrooms. A partial basement is also included for storage. Handicap accessibility is provided, and immediate occupancy is available for Unit B.

    The property sits on a large corner lot of 0.64 acres with an on-site parking lot for tenants and visitors. Public remarks also note strong corner street signage at the Dye/Lennon roads intersection, supporting visibility for professional users.

    This office layout is well suited for tenant teams that need dedicated rooms alongside a reception area, such as insurance, legal, or other professional services, consistent with the building’s prior use. Unit B offers a practical combination of front-facing client space and private offices, along with on-site parking and additional storage in the partial basement. The unit is available for lease under a triple-net structure, with 847 square feet allocated to Unit B.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motherly Intercession Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.782966
    Latitude
    42.986977

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    FAQs

    What type of property is this?
    Office units - Updated office suite with reception area, multiple offices, and handicap accessibility, available for immediate occupancy.
    Where is this office units located?
    The property is located at 3010 S Dye Road Flint, MI.
    What is the lease rate?
    The lease rate is $895 /Mo.
    What are key features of this property?
    This property features: Unit B available for immediate occupancy, offering 847 SF plus a partial basement for storage; Spacious office suite with 3 offices, 2 bathrooms, and a reception area (Unit B); Handicap accessible building
    (810) 659-6569
    We can help!
    Listing Contact
    Lucy Ham
    Lucy Ham
    Real Estate License ID: 122522
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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