Flint Trucking Terminal with I-475
For Sale
Contact for pricing
3600 James P Cole Blvd, Flint, MI 48505
8,500 SF industrial terminal on 4.25 acres with ample storage.
Property Size8,500 SF
Lot Size4.25 Acres
Price / SF$64.71
Days on Market144
Property Features for 3600 James P Cole Blvd
General Information
Standard status
Active
Size
8,500 SF
Lot size
4.25 Acres
Property subtype
Industrial, Office
Building Details
Year Built
1989
Listing Agency:
Trademark Commercial Group
(989) 792-2192
Listed By:
Gretchen Witherspoon · License #MI 6501316390
Source:
Crexi
Added: Mar 21
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
This 8,500 SF industrial terminal building, constructed in 1989, is located in Flint on approximately 4.25 acres with I-475 frontage. The property is zoned industrial and is in well-maintained condition. The building features 24 roll-up dock doors, configured as 12 cross doors, each measuring 9 feet wide by 10 feet high, and equipped with levelers, bollards, and task lights. The dock area spans 7,200 SF (50 feet x 144 feet) with a ceiling height of 14 feet at its highest point. An exterior concrete ramp provides forklift access from ground level to the terminal. The 1,300 SF office space includes two enclosed offices, a break room, a central work/cubicle area, and two restrooms. The property is fully enclosed with an 8-foot chain-link fence and three-strand barbed wire. The majority of the grounds are covered with concrete and asphalt, providing ample outside trailer storage. A separate fenced asphalt employee parking lot with gated access to the terminal is also included. This property is suitable for use as a terminal building or warehouse.
Key Highlights
- Turn‑key 8,500 SF industrial terminal/warehouse on 4.25 acres with I‑475 frontage.
- 24 roll‑up dock doors (12 cross doors) with levelers, bollards, and task lights.**
- Fully fenced with 8' chain link and 3‑strand barbed wire for enhanced security.
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
$48,141
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
8.75%
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%
$962,820
$962.8K
Cap Rate 7%
$687,729
$687.7K
Cap Rate 9%
$534,900
$534.9K
Market Conditions
NOI Build-Up for 8,500 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
$76.5K $9.00/SF
− Vacancy
−$7.7K −$0.91/SF
EGI
$68.8K $8.09/SF
− OpEx
−$20.6K −$2.43/SF
NOI
$48.1K $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%
$962,820
Cap Rate 7%
$687,729
Cap Rate 9%
$534,900
Alternative Uses
Best Use
Warehouse
$835.1K
$730.7K – $974.3K
NOI $58,457 @ 7.0% cap · market cap 10.63%
Second Best
Industrial
$687.7K
$601.8K – $802.4K
NOI $48,141 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,204 @ 7.0% cap · market cap 22.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 48505, MI
17,685
Population
10,546
Households
1.7
Avg Household Size
38
Median Age
9%
College-Educated
85%
High-School Grad
12.5 sq mi
ZIP Area
1,415
Density / Sq Mi
$31,477
Median Household Income
$24,429
Median Earnings
$749
Median Rent
$28,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Truck terminal - 8,500 SF industrial terminal on 4.25 acres with ample storage.
Where is this truck terminal located?
The property is located at 3600 James P Cole Blvd Flint, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turn‑key 8,500 SF industrial terminal/warehouse on 4.25 acres with I‑475 frontage.; 24 roll‑up dock doors (12 cross doors) with levelers, bollards, and task lights.**; Fully fenced with 8' chain link and 3‑strand barbed wire for enhanced security.
