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    6240 Rashelle Dr Flint, MI 48507

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    31,780 SF medical facility in Flint, Michigan for sale.

    Property size:
    31,680 SF

    Property Features for 6240 Rashelle Dr

    General Information

    Standard status
    Active
    Size
    31,680 SF

    Building Details

    Year built
    2005

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    Listing Contact
    Ryan Lupo
    Source: Crexi

    Listing Agency: Zeustra Healthcare Real Estate Advisors Listing Agent: Ryan Lupo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Facility Anchored by Blue Cloud

    The property at 6240 Rashelle Drive in Flint, Michigan, is a 31,780-square-foot, purpose-built medical facility. It is anchored by Blue Cloud Pediatric Surgery Centers, an ambulatory surgery platform. The property serves Genesee County and the surrounding region, with access to major hospital systems and physician practices. The first floor is occupied by Blue Cloud Pediatric Surgery Centers, which operates the on-site ambulatory surgery center (ASC). The ASC features multiple procedure rooms, pre- and post-operative recovery areas, and clinical infrastructure constructed to modern surgical center standards. In 2024, Blue Cloud assumed long-term operations of the Center as part of a strategic regional expansion initiative. In addition to the anchor tenancy, the property is leased to a mix of established physician practices. The rent roll is NNN with annual escalations, and in-place rents remain below current market levels. The property benefits from proximity to leading hospital systems and physician referral networks. The property is positioned as a medical investment offering long-term income stability.
    Location Intelligence

    Current Use by Public Records

    Dilip M. Desai, ... Physician Crowne Point Endoscopy ... Physician Crowne Point Endoscopy ... Medical Clinic Mid Michigan Gastroenterology Medical Clinic Erika E. Degayner, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7252738
    Latitude
    42.9371864

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    FAQs

    What type of property is this?
    Medical center - 31,780 SF medical facility in Flint, Michigan for sale.
    Where is this medical center located?
    The property is located at 6240 Rashelle Dr Flint, MI.
    What are key features of this property?
    This property features: - Long-term triple-net lease with Blue Cloud Pediatric Surgery Centers, providing durable cash flow.; - **Purpose-built, institutional-grade medical facility (31,780 sq ft) constructed to modern surgical center standards.**; - Located in a densely populated and medically active region (Flint, Michigan).
    Request Owner's contact information
    6240 Rashelle Dr Flint, MI 48507
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    Flint, MI 48507
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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
    6240 Rashelle Dr Flint, MI 48507
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    Listing Contact
    Ryan Lupo
    Real Estate License ID: 2189708
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