Two-Space Retail
For Sale
$500,000
3631 Miller Rd, Flint, MI 48503
Separate commercial suites provide flexibility for distinct retail uses, including an approved smoke shop configuration.
Property Size1,421 SF
Days on Market48
Property Features for 3631 Miller Rd
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,872
Building Details
Building Size
1,421 SF
Year Built
1952
Listing Agency:
AAA McNamara Properties Inc
Listed By:
Hilda McNamara · License #6502374679
(810) 733-2226
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 9:45AM
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 AAA McNamara Properties Inc
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Investment Insights
Based on property information with market context.
Built in 1952, this commercial storefront contains two separately configured spaces within one building. One suite is occupied by a mobile phone retailer and may accommodate multiple uses, while the other has zoning and approval for smoke shop operations.
The property is located at 3631 Miller Rd in Flint, Michigan. The offering includes the real estate only, providing a straightforward acquisition of the building and its two-space layout.
The property is located at 3631 Miller Rd in Flint, Michigan. The offering includes the real estate only, providing a straightforward acquisition of the building and its two-space layout.
Key Highlights
- Two separate commercial spaces within one building
- One space currently operates as a mobile phone store
- Second space is zoned and approved for a smoke shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,751
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,020
$295.0K
Cap Rate 7%
$210,729
$210.7K
Cap Rate 9%
$163,900
$163.9K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$22.0K $15.48/SF
− Vacancy
−$924 −$0.65/SF
EGI
$21.1K $14.83/SF
− OpEx
−$6.3K −$4.45/SF
NOI
$14.8K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,020
Cap Rate 7%
$210,729
Cap Rate 9%
$163,900
Alternative Uses
Best Use
Retail
$210.7K
$184.4K – $245.9K
NOI $14,751 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.0K
$261.6K – $348.9K
NOI $20,931 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48503, MI
21,743
Population
11,823
Households
1.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
8.5 sq mi
ZIP Area
2,558
Density / Sq Mi
$40,155
Median Household Income
$29,689
Median Earnings
$842
Median Rent
$75,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Separate commercial suites provide flexibility for distinct retail uses, including an approved smoke shop configuration.
Where is this storefront property located?
The property is located at 3631 Miller Rd Flint, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two separate commercial spaces within one building; One space currently operates as a mobile phone store; Second space is zoned and approved for a smoke shop
