Flex Space with Heated
For Sale
$532,420
5081 Exchange Drive, Flint, MI 48507
Office and industrial functionality with nearby expressway, airport, and railroad access.
Property Size6,410 SF
Days on Market85
Property Features for 5081 Exchange Drive
General Information
Standard status
Active
Size
6,410 SF
Property subtype
Commercial
Zoning
Commercial, Light Industry
Additional Details
Highway Access
Yes
Building Details
Building Size
6,410 SF
Year Built
1974
Stories
1
Listing Agency:
American Associates Inc
(810) 691-4124
Listed By:
Randall Haney · License #6502136257
(810) 691-4124
Source:
Homesforsaleinmich
Added: Jun 7
Changed: Aug 29
Last Checked: Aug 25 at 6:56AM
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 American Associates Inc
Investment Insights
Based on property information with market context.
This flex-space property is currently configured for office use and includes a 15 x 22 heated storage garage with a separate utility door. Built in 1974, the building is part of an office/warehouse industrial park and carries Commercial, Light Industri zoning.
The property is positioned near the I-75/I-69 exchange, Bishop Airport, and the railroad yard. Its combination of office accommodation and dedicated heated storage supports a range of commercial operations requiring both workspace and enclosed storage.
The property is positioned near the I-75/I-69 exchange, Bishop Airport, and the railroad yard. Its combination of office accommodation and dedicated heated storage supports a range of commercial operations requiring both workspace and enclosed storage.
Key Highlights
- 15 x 22 heated storage garage
- Separate utility door serving the storage garage
- Commercial, Light Industri zoning
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
$44,084
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
8.28%
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%
$881,680
$881.7K
Cap Rate 7%
$629,771
$629.8K
Cap Rate 9%
$489,822
$489.8K
Market Conditions
NOI Build-Up for 6,410 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
$57.7K $9.00/SF
− Vacancy
−$5.8K −$0.91/SF
EGI
$51.9K $8.09/SF
− OpEx
−$7.8K −$1.21/SF
NOI
$44.1K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$881,680
Cap Rate 7%
$629,771
Cap Rate 9%
$489,822
Alternative Uses
Best Use
Office B
$1.01M
$882.7K – $1.18M
NOI $70,615 @ 7.0% cap · market cap 13.26%
Second Best
Warehouse
$629.8K
$551.1K – $734.7K
NOI $44,084 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,418 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office and industrial functionality with nearby expressway, airport, and railroad access.
Where is this flex space located?
The property is located at 5081 Exchange Drive Flint, MI.
What is the asking price?
The asking price for this property is $532,420.
What are key features of this property?
This property features: 15 x 22 heated storage garage; Separate utility door serving the storage garage; Commercial, Light Industri zoning
