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    3402 Flushing Rd Flint, MI 48504
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    3402 Flushing Rd, Flint, MI 48504

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    • Retail properties & Spaces
    • 31,710 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chase Mortgage / Loan Service / Bank

    Property Details for 3402 Flushing Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7463
    Latitude
    43.0294

    Comparable in this City

    • Value Estimation by Request

      G3500 Flushing Rd

      Office Spaces
      G3500 Flushing Rd, Flint, MI 48504
      View Details
    • Value Estimation by Request

      G3500 Flushing Rd

      Medical Office Space
      G3500 Flushing Rd, Flint, MI 48504
      View Details
    • Value Estimation by Request

      G3500 Flushing Rd

      Office Spaces
      G3500 Flushing Rd, Flint, MI 48504
      View Details
    • Value Estimation by Request
      1,040 SF

      3388 Fleming Rd

      DENTAL BUILDING
      3388 Fleming Rd, Flint, MI 48504-2510
      View Details
    • Value Estimation by Request
      10.00 Acres

      4250 Orgould St

      COMMERCIAL (GENERAL)
      4250 Orgould St, Flint, MI 48504-1502
      View Details
    • Value Estimation by Request
      0.25 Acres

      3092 Pierson Rd

      COMMERCIAL (GENERAL)
      3092 Pierson Rd, Flint, MI 48504-6861
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,196 SF

      Freeway Visible Drive-Thru Restaurant

      Newly renovated drive-thru restaurant with high freeway visibility.
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      Diplomat Plaza Retail and Medical

      Retail and medical spaces near major institutions and residential area.
      3402 Flushing Rd, Flint, MI 48504
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      31,710 SF

      Diplomat Plaza Commercial Property

      Versatile commercial property with restaurant, retail, office, and medical spaces.
      3448 Flushing Rd, Flint, MI 48504
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      Pending

      Commercial Property on Clio Road

      Commercial property with flexible land contract terms available for sale.
      4918 Clio Rd, Flint, MI 48504
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      Versatile Commercial Space on Clio

      Flexible commercial property suitable for various business types.
      4918 Clio Rd, Flint, MI 48504
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    Similar Nearby for Lease

    • $4,500 /Mo
      Pending

      Retail/Bank Space on Pierson Road

      4,660 SF retail/bank space with high traffic frontage.
      4346 W Pierson Rd, Flint, MI 48504
      View Details
    • Contact for pricing
      9,480 SF

      Retail Center Space Available

      Retail space for lease in a busy shopping center.
      3402-3434 Flushing Rd, Flint, MI 48504
      View Details
    • $4,500 /Mo
      50,094 SF

      Retail/Bank Space on Pierson Road

      4,660 SF retail/bank space for lease on busy Pierson Road.
      4346 W Pierson Rd, Flint, MI 48504
      View Details
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    Flint, MI 48504
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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.

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