Building Details

Year Built 1946

Listing Agency: Century 21 Signature Realty

Listed By: Lyndsie Cook Show Phone

Source: Vmrealestatemichigan

Added: Apr 18 Changed: Oct 1 Last Checked: Oct 19 at 7:28AM

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Investment Insights

Based on property information with market context.

This warehouse/flex space includes tall ceilings and a garage door in the back of the building for direct loading or access. The property has previously been used as a drycleaners, offering a functional shell for storage or other light commercial needs. Utilities are not active, so the space would require your build-out and utility setup for operations.

The property is being offered for sale and is positioned on Flushing Road in Flint, Michigan. A former use is on record, which may be relevant for planning your intended layout and improvements.

With the rear garage door and straightforward warehouse configuration, the building is suited for tenants or owners looking for a site they can customize to their requirements from the ground up.

Key Highlights

• Single warehouse building with tall ceilings and a rear garage door for additional access
• Previously used as a drycleaners, offering an existing commercial workspace layout
• Former drycleaners site with guest facilities listed as 3

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,132

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,640 $502.6K

Cap Rate 7%

$359,029 $359.0K

Cap Rate 9%

$279,244 $279.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,480 SF

Gross rent

$43.0K $9.60/SF

− Vacancy

−$4.3K −$0.97/SF

EGI

$38.7K $8.63/SF

− OpEx

−$13.5K −$3.02/SF

NOI

$25.1K $5.61/SF

Area

Genesee County, MI

Vacancy

10.10%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$502,640

Cap Rate 7%

$359,029

Cap Rate 9%

$279,244

Alternative Uses

Best Use

Industrial

$362.5K

$317.2K – $422.9K (±1% cap)

NOI $25,373 @ 7.0% cap · market cap 126.87%

Second Best

Flex RnD

$359.0K

$314.2K – $418.9K (±1% cap)

NOI $25,132 @ 7.0% cap · market cap 125.66%

Theoretical Best

Office A

$942.7K

$824.9K – $1.10M (±1% cap)

NOI $65,990 @ 7.0% cap · market cap 329.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Restaurant Big Box & Wholesale Store Auto Parts Store

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

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 48504, MI

24,266

Population

12,464

Households

1.9

Avg Household Size

37

Median Age

12%

College-Educated

87%

High-School Grad

14.7 sq mi

ZIP Area

1,651

Density / Sq Mi

$36,740

Median Household Income

$27,782

Median Earnings

$895

Median Rent

$48,500

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

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Frequently Asked Questions

What type of property is this?

Flex space - Single warehouse with tall ceilings and a rear garage door, previously used as a drycleaners; utilities are not active.

Where is this flex space located?

The property is located at 3026 Flushing Rd Flint, MI.

What are key features of this property?

This property features: Single warehouse building with tall ceilings and a rear garage door for additional access; Previously used as a drycleaners, offering an existing commercial workspace layout; Former drycleaners site with guest facilities listed as 3