Freestanding Retail with
5510 Richfield Road Unit SourceFi Flint, MI 48506
5510 Richfield Road Unit SourceFi, Flint, MI, 48506
$450,000
For Sale
$450,000
Freestanding commercial building on 1.89 acres with an existing drive-through canopy and multiple access points.
Property Size4,552 SF
Lot Size1.89 Acres
Price / SF$98.86
Days on Market127
Property Features for 5510 Richfield Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,552 SF
- Lot size
- 1.89 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
(248) 244-0705
Listed by
Keller Williams Paint Creek
(248) 244-0705
Source
Xome
Added: Mar 14 Checked: Jul 18 at 2:48 am
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 Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This freestanding commercial building totals 4,552 SF and was previously used as a bank branch. The site sits on 1.89 acres along Richfield Road and includes an existing drive-through canopy, supported by multiple access points for customer and service traffic.
Zoned C-2 Highway Commercial, the property supports a wide range of retail, office, and service uses, providing flexibility for both owner-users and redevelopment plans.
The building’s drive-through configuration and highway-commercial zoning make it well-suited for continued service-oriented use or for reconfiguration by an incoming tenant, subject to applicable approvals.
Zoned C-2 Highway Commercial, the property supports a wide range of retail, office, and service uses, providing flexibility for both owner-users and redevelopment plans.
The building’s drive-through configuration and highway-commercial zoning make it well-suited for continued service-oriented use or for reconfiguration by an incoming tenant, subject to applicable approvals.
Key Highlights
- 4,552 SF freestanding commercial building at 5510 Richfield Rd in Flint
- Sits on 1.89 acres along the Richfield Road commercial corridor
- Includes an existing drive‑through canopy
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.5k | $14.40 |
| − Vacancy | −$11.7k | −$2.58 |
| EGI | $53.8k | $11.82 |
| − OpEx | −$13.5k | −$2.96 |
| NOI | $40.4k | $8.87 |
4,552 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Retail
$675.1K
$590.7K – $787.6K
NOI $47,254 @ 7.0% cap · market cap 10.50%
Second Best
Specialty Retail
$576.6K
$504.5K – $672.7K
NOI $40,362 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$957.9K
$838.1K – $1.12M
NOI $67,050 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Huntington Insurance
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding commercial building on 1.89 acres with an existing drive-through canopy and multiple access points.
Where is this bank located?
The property is located at 5510 Richfield Road Unit SourceFi Flint, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,552 SF freestanding commercial building at 5510 Richfield Rd in Flint; Sits on 1.89 acres along the Richfield Road commercial corridor; Includes an existing drive‑through canopy