Auto Shop with Storage
3503 Fleming Rd, Flint, MI 48504
For Sale
$384,500
Four parcels combine shop and office space, substantial storage, and a second building on a roughly seven-acre site.
Property Size5,000 SF
Lot Size7.00 Acres
Price / SF$76.90
Days on Market16
Property Features for 3503 Fleming Rd
General Information
Standard status
Size
Lot size
Additional Details
Road Access
Service Bays
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
overhead gas heaters
Building Details
Buildings
Listing Agency:
Elite Real Estate Professionals, Inc.
(810) 715-5486
Listed By:
Floyd L Mills
(810) 730-7766
Source:
Exprealty
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 12 at 2:25PM
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 Elite Real Estate Professionals, Inc.
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Investment Insights
Based on property information with market context.
The property brings together four parcels with approximately 7 acres of land. Its main building contains about 5,000 square feet of combined space, including offices and more than 2,500 square feet of second-floor storage. Four overhead bay doors and overhead gas heaters serve the building, which previously operated as an auto repair and tire shop. A separate building on the rear parcel provides approximately 5,000 square feet for storage or other business use.
A road runs beside the main building toward the rear parcel. Access to that parcel is described as involving an easement, with the easement's existence, location, terms, and permitted use subject to verification. The four parcels and their improvements are offered together; parcel boundaries, acreage, building areas, access rights, and applicable approvals require buyer verification.
A road runs beside the main building toward the rear parcel. Access to that parcel is described as involving an easement, with the easement's existence, location, terms, and permitted use subject to verification. The four parcels and their improvements are offered together; parcel boundaries, acreage, building areas, access rights, and applicable approvals require buyer verification.
Key Highlights
- Four parcels totaling approximately 7 acres, offered together
- Main building has approximately 5,000 square feet of combined space, including office areas
- More than 2,500 square feet of second‑floor storage in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,319
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,380
$566.4K
Cap Rate 7%
$404,557
$404.6K
Cap Rate 9%
$314,656
$314.7K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$45.0K $9.00/SF
− Vacancy
−$4.5K −$0.91/SF
EGI
$40.5K $8.09/SF
− OpEx
−$12.1K −$2.43/SF
NOI
$28.3K $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 Rate 5%
$566,380
Cap Rate 7%
$404,557
Cap Rate 9%
$314,656
Alternative Uses
Best Use
Retail
$741.5K
$648.8K – $865.1K
NOI $51,904 @ 7.0% cap · market cap 13.50%
Second Best
Industrial
$404.6K
$354.0K – $472.0K
NOI $28,319 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.05M
$920.6K – $1.23M
NOI $73,649 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
174
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Auto shops in Flint
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Performance Autos — 3521 Clio Rd, Flint, MI 48504
Frequently Asked Questions
What type of property is this?
Auto shop - Four parcels combine shop and office space, substantial storage, and a second building on a roughly seven-acre site.
Where is this auto shop located?
The property is located at 3503 Fleming Rd Flint, MI.
What is the asking price?
The asking price for this property is $384,500.
What are key features of this property?
This property features: Four parcels totaling approximately 7 acres, offered together; Main building has approximately 5,000 square feet of combined space, including office areas; More than 2,500 square feet of second‑floor storage in the main building
