Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3402 Flushing Rd Flint, MI 48504

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    32,000 SF retail center with flexible leasing options.

    Type:Retail, Office
    Property size:
    32,000 SF
    Added:
    Mar 11, 2024
    Days on Market:
    761
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 3402 Flushing Rd

    General Information

    Standard status
    Active
    Size
    32,000 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 3402 Flushing Rd Contact us

    Suite 3432 $6 /Mo

    Size
    1,200 SF
    Type
    Retail, Office
    Contact us

    Suite 3402: END-CAP $6 /Mo

    Size
    2,800 SF
    Type
    Retail
    former Chase Bank, with drive-thru
    Contact us

    Suite 3422: MEDICAL $6 /Mo

    Size
    2,800 SF
    Type
    Retail, Office
    2nd gen Medical Office
    Contact us

    Suite 3434: END-CAP $6 /Mo

    Size
    6,900 SF
    Type
    Retail, Office
    Contact us

    Suite 3430 $6 /Mo

    Size
    3,000 SF
    Type
    Retail, Office
    former PeopleReady staffing agency office
    Contact us

    Suite 3426 $6 /Mo

    Size
    9,480 SF
    Type
    Retail
    former Family Dollar anchor
    Contact us

    Suite 3404 $6 /Mo

    Size
    5,530 SF
    Type
    Retail, Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Chase Parten

    Listing agent Chase Parten License #TX 807177

    Listing office Woodcrest Capital

    Listing date Mar 11, 2024

    Source Crexi

    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 Woodcrest Capital

    Overview

    Neighborhood Retail Center in Flint

    Diplomat Plaza is a neighborhood retail center with approximately 32,000 square feet of space, offering flexible leasing options. Located in Flint Township, Michigan, a metro city 60 miles northeast of Detroit, the property is situated in a region known as the birthplace of General Motors. Commercial suites are available for lease to traditional retail storefronts, restaurants, offices, medical or other professional service providers. Woodcrest Capital welcomes first-time and franchise businesses, offering easy-to-read leases and flexible terms. The property is suitable for both national credit tenants and smaller businesses. With over 40 years of experience in commercial real estate, Woodcrest owns and operates various centers, including Class A centers and those undergoing rehabilitation.
    Location Intelligence

    Current Use by Public Records

    Chase Mortgage Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail 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
    -83.7450354
    Latitude
    43.0289904

    Nearby Similar for Lease

    • Contact for pricing

      Updated Commercial Building in Flint

      Fully updated commercial building in downtown Flint with highway access.
      1024 S Grand Traverse Street, Flint, MI 48502
      View Details
    • Contact for pricing

      Medical Suite Near McLaren Hospital

      Move-in ready medical suite in a sought-after medical corridor.
      3380 Beecher Road, Flint, MI 48532
      View Details
    • Contact for pricing

      Commercial Suite For Rent

      625 SF commercial suite ideal for office or small business.
      5065 Miller Road, Flint, MI 48507
      View Details
    • Contact for pricing

      Three-Story Office Building in Flint

      Well-maintained office building with flexible suites for lease.
      4488 W Bristol Road, Flint, MI 48507
      View Details
    • Contact for pricing

      Versatile Commercial Space on Hill

      6380 sq ft commercial space suitable for various businesses.
      6317 TAYLOR Drive, Flint, MI 48507
      View Details
    • Contact for pricing

      Versatile Commercial Space on Hill

      6380 sq ft space ideal for retail or office.
      6317 TAYLOR Drive, Flint, MI 48507
      View Details
    • $6/mo

      Unique Office Space in Church

      Versatile office space in a church setting, up to 3,000 sqft.
      2474 S Ballenger, Flint, MI 48507
      View Details
    • Contact for pricing

      Standalone Building in Prime Location

      1,224 sq ft commercial space with high visibility.
      1912 CORUNNA Road, Flint, MI 48503
      View Details
    • Contact for pricing

      Versatile Commercial Property in Flint

      Office space with shared conference room near downtown Flint.
      1200 W Court Street, Flint, MI 48503
      View Details
    • Contact for pricing

      Retail/Office Space in Flint, MI

      Flexible retail or office space available for lease in Flint.
      2000 CORUNNA Road, Flint, MI 48503
      View Details
    • Contact for pricing

      Commercial Space Near I-75/US-23

      Ground-floor commercial space with excellent visibility and convenient access.
      3001 CORUNNA Road, Flint, MI 48503
      View Details
    • Contact for pricing

      Well-Maintained Office Building for Lease

      Three-story office building with flexible suites in a high-visibility location.
      4488 W Bristol Road, Flint, MI 48507
      View Details

    FAQs

    What type of property is this?
    Shopping center - 32,000 SF retail center with flexible leasing options.
    Where is this shopping center located?
    The property is located at 3402 Flushing Rd Flint, MI.
    What are key features of this property?
    This property features: Flexible leasing options for various business types.; Located in Flint Township, Michigan, a metro city near Detroit.; Suited for both first‑time/franchise businesses and national credit tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chase Parten
    Real Estate License ID: TX 807177
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!