Office Development on Pierson
For Sale
$400,000
5265 W PIERSON Rd, Flushing, MI 48433
Five-unit office development for sale or lease near US-75.
Property Size3,200 SF
Lot Size1.51 Acres
Price / SF$212.77
Days on Market211
Property Features for 5265 W PIERSON Rd
General Information
Standard status
Active
Size
3,200 SF
Lot size
1.51 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,439
Building Details
Building Size
3,200 SF
Year Built
1980
Listing Agency:
Tremaine Real Estate
Listed By:
Edward S Constable · License #6501377324
(810) 750-4665
Source:
Elliman
Added: Mar 10
Changed: Oct 5
Last Checked: Oct 5 at 6:43PM
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 Tremaine Real Estate
Investment Insights
Based on property information with market context.
This property features a five-unit, two-building office development available for sale or lease on Pierson Road. One unit, approximately 1080 square feet, is designed as a doctor's office, featuring eight rooms, a reception area, a waiting room, and three bathrooms. Another unit, approximately 800 square feet, is available for $675 per month and includes multiple offices and a private bathroom. The office building benefits from easy access to US-75 and nearby businesses. The sale includes properties at 5245 and 5265 Pierson Road. The building development includes monument street signage.
Key Highlights
- Five‑unit office development in two buildings.
- Top unit (approx. 1080 SF) perfectly suited for a doctor's office featuring eight rooms, reception, waiting area, and three bathrooms.
- Includes 5245 and 5265 Pierson.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,711
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,220
$414.2K
Cap Rate 7%
$295,871
$295.9K
Cap Rate 9%
$230,122
$230.1K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$32.0K $17.04/SF
− Vacancy
−$4.4K −$2.35/SF
EGI
$27.6K $14.69/SF
− OpEx
−$6.9K −$3.67/SF
NOI
$20.7K $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 Rate 5%
$414,220
Cap Rate 7%
$295,871
Cap Rate 9%
$230,122
Alternative Uses
Best Use
Office B
$295.9K
$258.9K – $345.2K
NOI $20,711 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.6K
$346.2K – $461.5K
NOI $27,692 @ 7.0% cap · market cap 6.92%
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
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 48433, MI
26,688
Population
10,597
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
95%
High-School Grad
55.5 sq mi
ZIP Area
481
Density / Sq Mi
$81,301
Median Household Income
$45,126
Median Earnings
$982
Median Rent
$197,400
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?
Office building - Five-unit office development for sale or lease near US-75.
Where is this office building located?
The property is located at 5265 W PIERSON Rd Flushing, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Five‑unit office development in two buildings.; Top unit (approx. 1080 SF) **perfectly suited for a doctor's office** featuring eight rooms, reception, waiting area, and three bathrooms.; Includes 5245 and 5265 Pierson.
