Medical Office Building
For Sale
$750,000
3380 Beecher Road, Flint, MI 48532
Fully leased medical office building near McLaren Hospital.
Property Size5,109 SF
Price / SF$146.80
Days on Market292
Property Features for 3380 Beecher Road
General Information
Standard status
Active
Size
5,109 SF
Property subtype
Commercial
Zoning
Commercial, Office
Taxes and HOA fees
Annual Taxes
$15,206
Building Details
Building Size
5,109 SF
Year Built
2000
Stories
1
Listing Agency:
Keller Williams First
(810) 813-7260
Listed By:
Bahia M Jarrah · License #6501324031
(810) 813-7260
Source:
Phgrealty
Added: Nov 7, 2025
Changed: Aug 23
Last Checked: Aug 25 at 8:16AM
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 Keller Williams First
Investment Insights
Based on property information with market context.
This 5,100 sq. ft. medical office building, constructed in 2000, presents an investment or owner-user opportunity in Flint Township's medical corridor, near McLaren Hospital. The building is fully leased and features three separate suites, each with private entrances, a minimum of four exam rooms, a private office with bath, lunch room, X-ray room (equipment negotiable), rear employee entrance, alarm, music, and cable systems. Two suites are leased through 2033 under NNN leases, providing long-term income stability. The setup also offers an opportunity for a doctor who wishes to occupy one suite and rent the others. The building includes ample parking, a well-maintained exterior, and a private backyard area suitable for therapy or play use. Recent updates include a new water heater. The property is surrounded by hospitals, pharmacies, dental offices, and residential neighborhoods, and is located one mile from McLaren Hospital and minutes from I-75, I-69, and I-475.
Key Highlights
- Fully leased medical office building in prime medical corridor near McLaren Hospital, offering immediate income potential.
- Long‑term income stability with two suites leased through 2033 under NNN leases.
- Ideal for owner‑user: Opportunity for a doctor to occupy one suite and rent the others.
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
$57,936
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
7.72%
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%
$1,158,720
$1.2M
Cap Rate 7%
$827,657
$827.7K
Cap Rate 9%
$643,733
$643.7K
Market Conditions
NOI Build-Up for 5,109 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
$110.4K $21.60/SF
− Vacancy
−$13.8K −$2.70/SF
EGI
$96.6K $18.90/SF
− OpEx
−$38.6K −$7.56/SF
NOI
$57.9K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,158,720
Cap Rate 7%
$827,657
Cap Rate 9%
$643,733
Alternative Uses
Best Use
Healthcare Medical
$827.7K
$724.2K – $965.6K
NOI $57,936 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$804.0K
$703.5K – $938.1K
NOI $56,283 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.08M
$940.7K – $1.25M
NOI $75,255 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48532, MI
19,247
Population
9,093
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
16.0 sq mi
ZIP Area
1,203
Density / Sq Mi
$58,118
Median Household Income
$34,361
Median Earnings
$929
Median Rent
$157,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building near McLaren Hospital.
Where is this medical office space located?
The property is located at 3380 Beecher Road Flint, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully leased medical office building in prime medical corridor near McLaren Hospital, offering immediate income potential.; Long‑term income stability with two suites leased through 2033 under NNN leases.; Ideal for owner‑user: Opportunity for a doctor to occupy one suite and rent the others.
