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    Redevelopment Opportunity on 14.28 Acres Title is generated by Realmo AI

    5486 Torrey Road, Flint, MI 48507

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    Picture of Residential land & home lots at 5486 Torrey Road, Flint, MI
    For Sale
    $999,800

    COMMERCIAL - Ranch - Flint, MI

    Type:Single Family Residence
    Property size:
    1,576 SF
    Lot size:
    12.04 Acres
    Price / SF:
    $634/SF
    Added:
    Nov 4, 2025
    Days on Market:
    208
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 5486 Torrey Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    4
    Parking features
    Driveway, Garage
    Fireplace
    1
    Basement
    Partially Finished
    Appliances
    Dryer, Electric Range, Oven, Refrigerator, Washer
    Standard status
    Active
    APN
    25-15-03-576-014
    Size
    1,576 SF
    Lot size
    12.04 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    See listing agreement
    Tax Annual Amount
    4219

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl, Hardwood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Theresa MacNicol
    Theresa MacNicol

    Listing agent Theresa MacNicol License #6501375800

    Listing office Keller Williams Realty Lansing 3490 Belle Chase Way, Lansing, MI

    Listing date Nov 4, 2025

    MLS# 292397

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 14.28 acres in Mundy Township's Hill Road Corridor Improvement Authority.
    • Excellent potential for residential or multifamily development.
    • Existing ranch provides immediate income potential (rental or office).
    • Ideally suited for multifamily, townhome, or planned residential concepts.
    • Proximity to major routes, shopping, and employment centers.
    • Public water and sewer available.

    Overview

    This property presents a redevelopment opportunity with three parcels totaling 14.28 acres. Located within Mundy Township's Hill Road Corridor Improvement Authority, the site is targeted for strategic reinvestment. The property holds potential for residential or multifamily development. An existing 1,576 square foot ranch provides immediate income potential as a rental or office while securing approvals and planning development. The site's size, visibility, and proximity to major routes, shopping, and employment centers make it suited for multifamily, townhome, or planned residential concepts that complement the Township's vision for a vibrant Hill Road corridor. Additional neighboring parcels may be available. The property is located in Flint, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.733865
    Latitude
    42.945672

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    FAQs

    What type of property is this?
    Residential land & home lot - 14.28 acres for residential or multifamily development in Flint.
    Where is this residential land & home lot located?
    The property is located at 5486 Torrey Road Flint, MI.
    What is the asking price?
    The asking price for this property is $999,800.
    What are key features of this property?
    This property features: 14.28 acres in Mundy Township's Hill Road Corridor Improvement Authority.; Excellent potential for residential or multifamily development.; Existing ranch provides immediate income potential (rental or office).
    (517) 648-5110
    We can help!
    Listing Contact
    Theresa MacNicol
    Theresa MacNicol
    Real Estate License ID: 6501375800
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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