Two-Unit Flex
For Sale
$67,900
3401 Fenton Road, Flint, MI 48507
Flint, MI
Property Size1,000 SF
Lot Size0.21 Acres
Price / SF$66.96
Days on Market19
Property Features for 3401 Fenton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
1,014 SF
Lot size
0.21 Acres
Building Details
Year built
1965
Listing Agency:
NextHome Inspire
(810) 771-5240
Listed By:
Jeremy Thibault · License #6501345781,PersonLicenseNumber
(810) 397-1844
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 31 at 2:06AM
MLS# 50205004
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,014-square-foot flex property was built in 1965 and is arranged as two separate units. The configuration supports independent occupancy or can be reworked into a single larger commercial space, subject to verification of the intended design and use. An on-site billboard currently generates income.
The property occupies 0.21 acres at 3401 Fenton Road in Flint, Michigan 48507. Its existing layout may accommodate office, retail, service, storage, contractor, or automotive-related operations, with all proposed uses subject to applicable municipal requirements, zoning, and licensing. Buyers should independently confirm permitted uses and operating conditions.
The property occupies 0.21 acres at 3401 Fenton Road in Flint, Michigan 48507. Its existing layout may accommodate office, retail, service, storage, contractor, or automotive-related operations, with all proposed uses subject to applicable municipal requirements, zoning, and licensing. Buyers should independently confirm permitted uses and operating conditions.
Key Highlights
- 1,014‑square‑foot flex property on a 0.21‑acre lot
- Currently configured as two separate commercial units
- Layout can be converted back into one larger space
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
$5,743
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
8.46%
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%
$114,860
$114.9K
Cap Rate 7%
$82,043
$82.0K
Cap Rate 9%
$63,811
$63.8K
Market Conditions
NOI Build-Up for 1,014 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
$9.1K $9.00/SF
− Vacancy
−$922 −$0.91/SF
EGI
$8.2K $8.09/SF
− OpEx
−$2.5K −$2.43/SF
NOI
$5.7K $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 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%
$114,860
Cap Rate 7%
$82,043
Cap Rate 9%
$63,811
Alternative Uses
Best Use
Office B
$159.6K
$139.6K – $186.2K
NOI $11,171 @ 7.0% cap · market cap 16.45%
Second Best
Retail
$150.4K
$131.6K – $175.4K
NOI $10,526 @ 7.0% cap · market cap 15.50%
Theoretical Best
Office A
$213.4K
$186.7K – $248.9K
NOI $14,936 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with an on-site income-producing billboard.
Where is this flex space located?
The property is located at 3401 Fenton Road Flint, MI.
What is the asking price?
The asking price for this property is $67,900.
What are key features of this property?
This property features: 1,014‑square‑foot flex property on a 0.21‑acre lot; Currently configured as two separate commercial units; Layout can be converted back into one larger space
