Flex Space with
For Sale
$254,900
9112 W Mt. Morris Road, Flushing, MI 48433
COMMERCIAL - Flushing, MI
Property Size3,240 SF
Lot Size1.60 Acres
Price / SF$78.67
Days on Market50
Property Features for 9112 W Mt. Morris Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Main Street, Rural
Subdivision
Flushing Twp (25007)
Standard status
Active
APN
08-03-400-035
Size
3,240 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Annual Amount
4641
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
furnaces
central air
overhead doors
signage
Building Details
Year built
1995
Roof type
Asphalt
Listing Agency:
Ham Group Realty
(810) 659-6569
Listed By:
Lucy Ham · License #122522
(810) 659-6569
Added: Jul 2
Changed: Aug 14
Last Checked: Aug 20 at 11:06PM
MLS# 50213579
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This steel flex property includes 3,240 square feet on the main floor and an additional 1,420 square feet of second-floor storage across a 1.6-acre site. The building was constructed in 1995 and features overhead doors, two furnaces, forced-air heating, and central air serving part of the building. Asphalt roofing and public water are in place.
The property is located at 9112 W Mt. Morris Road in Flushing, Michigan. On-site features include substantial parking and signage. The property is zoned C2, with additional zoning details available through the listing agent. An adjoining 1.58-acre parcel is also available.
The property is located at 9112 W Mt. Morris Road in Flushing, Michigan. On-site features include substantial parking and signage. The property is zoned C2, with additional zoning details available through the listing agent. An adjoining 1.58-acre parcel is also available.
Key Highlights
- 3,240 main floor square feet plus 1,420 square feet of second‑floor storage
- Steel building on 1.6 acres with overhead doors and substantial parking
- C2 zoning at 9112 W Mt. Morris Road, Flushing, MI 48433
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
$22,283
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
8.74%
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%
$445,660
$445.7K
Cap Rate 7%
$318,329
$318.3K
Cap Rate 9%
$247,589
$247.6K
Market Conditions
NOI Build-Up for 3,240 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
$29.2K $9.00/SF
− Vacancy
−$2.9K −$0.91/SF
EGI
$26.2K $8.09/SF
− OpEx
−$3.9K −$1.21/SF
NOI
$22.3K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$445,660
Cap Rate 7%
$318,329
Cap Rate 9%
$247,589
Alternative Uses
Best Use
Retail
$480.5K
$420.4K – $560.6K
NOI $33,634 @ 7.0% cap · market cap 13.19%
Second Best
Warehouse
$318.3K
$278.5K – $371.4K
NOI $22,283 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$681.8K
$596.6K – $795.4K
NOI $47,725 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial 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?
Flex space - Steel commercial building with overhead doors, C2 zoning, public water, and mixed heating and cooling systems.
Where is this flex space located?
The property is located at 9112 W Mt. Morris Road Flushing, MI.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 3,240 main floor square feet plus 1,420 square feet of second‑floor storage; Steel building on 1.6 acres with overhead doors and substantial parking; C2 zoning at 9112 W Mt. Morris Road, Flushing, MI 48433
