Equipped Restaurant
For Sale
$299,900
5444 N Genesee Road, Flint, MI 48506
Two-unit commercial property includes an equipped dining operation and a separate suite for leasing or owner use.
Property Size4,000 SF
Lot Size4.00 Acres
Days on Market42
Property Features for 5444 N Genesee Road
General Information
Standard status
Active
Size
4,000 SF
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$8,057
Building Details
Building Size
4,000 SF
Year Built
2006
Tenancy
Multi
Listing Agency:
365 REALTY
(248) 669-7400
Listed By:
Wisam A Putrus · License #6502342531
Source:
Eliterealtymi
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 23 at 6:10AM
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 365 REALTY
Investment Insights
Based on property information with market context.
This four-acre restaurant property includes a two-unit plaza with a 3,000-square-foot restaurant and a separate 1,000-square-foot unit. The restaurant is fully equipped, with newer kitchen equipment included in the sale. The business reopened two months ago, and the property is suited for a new operator or continued owner operation.
The additional unit can be leased or reopened as a second business. Located on N Genesee Road in Flint, the property fronts a main road in Genesee County. The rear acreage may support storage-facility use subject to city approval.
The additional unit can be leased or reopened as a second business. Located on N Genesee Road in Flint, the property fronts a main road in Genesee County. The rear acreage may support storage-facility use subject to city approval.
Key Highlights
- Four‑acre restaurant property with a two‑unit plaza
- 3,000‑square‑foot fully equipped restaurant
- Newer kitchen equipment included in the sale
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
$22,655
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
7.55%
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%
$453,100
$453.1K
Cap Rate 7%
$323,643
$323.6K
Cap Rate 9%
$251,722
$251.7K
Market Conditions
NOI Build-Up for 4,000 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
$36.0K $9.00/SF
− Vacancy
−$3.6K −$0.91/SF
EGI
$32.4K $8.09/SF
− OpEx
−$9.7K −$2.43/SF
NOI
$22.7K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$453,100
Cap Rate 7%
$323,643
Cap Rate 9%
$251,722
Alternative Uses
Best Use
Specialty Retail
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 11.83%
Second Best
Industrial
$323.6K
$283.2K – $377.6K
NOI $22,655 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$841.7K
$736.5K – $982.0K
NOI $58,919 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
10,871 visits/mo
0.5 miles
BP
Shops & Services
7,443 visits/mo
0.0 miles
Dollar General
Shops & Services
6,797 visits/mo
0.2 miles
Mobil
Shops & Services
1,942 visits/mo
0.4 miles
Demographics for 48506, MI
25,069
Population
11,114
Households
2.3
Avg Household Size
39
Median Age
9%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
1,355
Density / Sq Mi
$44,416
Median Household Income
$31,740
Median Earnings
$897
Median Rent
$91,200
Median Home Value
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Two-unit commercial property includes an equipped dining operation and a separate suite for leasing or owner use.
Where is this conventional restaurant located?
The property is located at 5444 N Genesee Road Flint, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four‑acre restaurant property with a two‑unit plaza; 3,000‑square‑foot fully equipped restaurant; Newer kitchen equipment included in the sale
