Three-Story Office Building in
For Sale
$4,200,000
4488 W Bristol Rd, Flint, MI 48507
Well-maintained office building with leasing options in Flint Township.
Property Size40,140 SF
Lot Size2.70 Acres
Price / SF$210
Days on Market167
Property Features for 4488 W Bristol Rd
General Information
Standard status
Active
Size
40,140 SF
Lot size
2.70 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,467
Building Details
Building Size
40,140 SF
Listing Agency:
Keller Williams First
(810) 813-7260
Listed By:
Bahia M Jarrah · License #6501324031
(810) 813-7260
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 5:29AM
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 Keller Williams First
Investment Insights
Based on property information with market context.
Located in Flint Township, Bristol Place is a well-maintained three-story office building offering both ownership and leasing options. Suites range from approximately 2,500 to 20,000 square feet, accommodating various professional uses such as medical, insurance, legal, and general office operations. The building features a modern foyer, a spacious lobby, and elevator access to all floors, along with shared common areas. Over 150 on-site parking spaces are available. The property is conveniently located near Flint Bishop Airport and provides easy access to major highways, including I-75 and I-69. It is also situated near hospitality, retail, and business districts. The property is positioned on a public bus line and offers excellent signage opportunities. Ongoing improvements include new paving, upgraded windows, and refreshed landscaping.
Key Highlights
- Suites available from 2,500 to 20,000 square feet, suitable for various professional uses.
- Over 150 on‑site parking spaces for staff and visitors.
- Convenient access to major highways (I‑75 and I‑69) and proximity to Flint Bishop Airport.
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
$220,327
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
5.25%
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%
$4,406,540
$4.4M
Cap Rate 7%
$3,147,529
$3.1M
Cap Rate 9%
$2,448,078
$2.4M
Market Conditions
NOI Build-Up for 20,000 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
$340.8K $17.04/SF
− Vacancy
−$47.0K −$2.35/SF
EGI
$293.8K $14.69/SF
− OpEx
−$73.4K −$3.67/SF
NOI
$220.3K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$4,406,540
Cap Rate 7%
$3,147,529
Cap Rate 9%
$2,448,078
Alternative Uses
Best Use
Office B
$3.15M
$2.75M – $3.67M
NOI $220,327 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,597 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with leasing options in Flint Township.
Where is this office building located?
The property is located at 4488 W Bristol Rd Flint, MI.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Suites available from 2,500 to 20,000 square feet, suitable for various professional uses.; Over 150 on‑site parking spaces for staff and visitors.; Convenient access to major highways (I‑75 and I‑69) and proximity to Flint Bishop Airport.
