4415 Corunna Rd, Flint, MI 48532
4,488 SF retail building on high-traffic Corunna Road.
- Added:
- Nov 7, 2024
- Days on Market:
- 585
- Last Refresh:
- May 12 at 9:13 pm
Property Features for 4415 Corunna Rd
General Information
- Standard status
- Active
- Size
- 4,488 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agent Kevin Bull License #MI
Listing office P.A. Commercial Corporate & Investment Real Estate
Listing date Nov 7, 2024
Source Crexi
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 P.A. Commercial Corporate & Investment Real Estate
HighLights
- High‑traffic location on Corunna Rd, less than a mile from I‑75.
- 4,488 SF free‑standing retail building.
- Renovated in 2023.
- 23‑space parking lot.
- Includes showroom, private office, restrooms, and storage area.
- Former drive‑thru lane and window remain intact.
Overview
Local Financial Insights For 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 | $69.5k | $15.48 |
| − Vacancy | −$2.9k | −$0.65 |
| EGI | $66.6k | $14.83 |
| − OpEx | −$20.0k | −$4.45 |
| NOI | $46.6k | $10.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7687423
- Latitude
- 43.0016108
