Medical Office Investment
For Sale
$799,900
5151 GATEWAY Ctr 3, Flint, MI 48507
Well-maintained medical office with high return in prime location.
Property Size2,704 SF
Lot Size0.50 Acres
Days on Market313
Property Features for 5151 GATEWAY Ctr 3
General Information
Standard status
Active
Size
2,704 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,292
Building Details
Building Size
2,704 SF
Year Built
2003
Listing Agency:
Inca Realty, LLC
Listed By:
Wilson Lahoud · License #6501303462
(810) 244-6302
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 5
Last Checked: Oct 5 at 7:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inca Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained medical office is located in a high-demand business district near US-75 and Hill Rd. It offers an 8.2% cap rate, presenting an investment opportunity. The unit features five exam rooms equipped with sinks, a storage room, an X-Ray room, a doctor's office, two restrooms, and a spacious waiting area. The property includes new AC and new carpet throughout the office. Ample parking is available. The lease is a 28$/ft gross lease, making it suitable for a medical office.
Key Highlights
- Excellent 8.2% Cap Rate investment opportunity.
- Prime location in a high‑demand business district, easily accessible off US‑75 and Hill Rd.
- Well‑maintained medical office featuring 5 exam rooms (with sinks), X‑Ray room, and doctor's office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,663
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,260
$613.3K
Cap Rate 7%
$438,043
$438.0K
Cap Rate 9%
$340,700
$340.7K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$58.4K $21.60/SF
− Vacancy
−$7.3K −$2.70/SF
EGI
$51.1K $18.90/SF
− OpEx
−$20.4K −$7.56/SF
NOI
$30.7K $11.34/SF
Area
Genesee County, MI
Vacancy
12.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,260
Cap Rate 7%
$438,043
Cap Rate 9%
$340,700
Alternative Uses
Best Use
Healthcare Medical
$438.0K
$383.3K – $511.1K
NOI $30,663 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$425.5K
$372.4K – $496.5K
NOI $29,788 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$569.0K
$497.9K – $663.8K
NOI $39,830 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office with high return in prime location.
Where is this medical office space located?
The property is located at 5151 GATEWAY Ctr 3 Flint, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Excellent 8.2% Cap Rate investment opportunity.; Prime location in a high‑demand business district, easily accessible off US‑75 and Hill Rd.; Well‑maintained medical office featuring 5 exam rooms (with sinks), X‑Ray room, and doctor's office.
