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    5038 Miller Rd Flint, MI 48507
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    Property profile & analytics

    5038 Miller Rd Flint, MI 48507

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    • Neighborhood centers
    • 65,977 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • American Freight Furniture and Mattress / Furniture & Home Goods / Home Decor Store
    • Nancy V. Ford, MSW / Counselor
    • Ollie's Bargain Outlet / Discount Store
    • Mancino's Pizza & Grinders / Restaurant
    • CSL Plasma / Medical Clinic

    Property Details for 5038 Miller Rd

    Property size
    65,977 SF
    Property type
    Neighborhood centers
    Property subtype
    Power centers

    Description

    Mill Creek Plaza offers a 3,347 square foot retail space for lease in Flint Township, Michigan. This power/strip center location boasts excellent visibility and accessibility at the corner of Miller Road and Linden Road. The property is part of a larger shopping center, currently anchored by established businesses including Ollie's Bargain Outlet, CSL Plasma, and Mancino's Pizza and Grinders, ensuring high foot traffic and a strong customer base. The total building size is 65,977 square feet, with the available space representing a significant opportunity for a variety of retail uses. The space is currently vacant and ready for immediate occupancy. The zoning designation is B-2, allowing for a range of commercial activities. The property is located in Genesee County. The landlord is highly motivated to lease this space and is willing to work with prospective tenants. This presents a unique opportunity to establish a business in a thriving retail environment. The maximum contiguous space available is 3,347 square feet. Interested parties should inquire for further details.

    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
    -83.7745
    Latitude
    42.9776

    Comparable in this City

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    • Value Estimation by Request
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      5038 Miller Rd

      Lifestyle centers • 66,000 SF
      5038 Miller Rd, Flint, MI 48507
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      52,500 SF

      4067-4085 Miller Rd

      Neighborhood centers • 52,500 SF
      4067-4085 Miller Rd, Flint, MI 48507
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      5620 Saginaw St

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      123,578 SF

      3515-3593 Miller Rd

      Neighborhood centers • 123,578 SF
      3515-3593 Miller Rd, Flint, MI 48507
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    • Value Estimation by Request
      9,100 SF

      3454 Linden Rd

      SHOPPING CENTER, STRIP CENTER • 9,100 SF
      3454 Linden Rd, Flint, MI 48507-3010
      View Details

    Similar Nearby for Sale

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      Oak Brook Square Retail Center

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      Restaurant/Retail Opportunity on Dort Highway

      Spacious 8,140 SF building suitable for restaurant or retail use.
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      Texas Roadhouse Investment Opportunity

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      Former Logan's Roadhouse Pad Site

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      Commercial Property for Sale

      Commercial property available for sale in Flint, Michigan.
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      Former Logan's Roadhouse For Sale

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Prime Flint Retail Space

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      3,912 SF

      Retail Space in Genesee Valley

      Retail space available in a dominant shopping destination.
      3285-3429 South Linden Rd, Flint, MI 48507
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      Retail Space in High-Traffic Area

      Retail space available in a busy Flint, Michigan location.
      4578-4580 Miller Rd, Flint, MI 48507
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      Prime Retail Space - Mill Creek Area

      Large Vacant Strip Center; High Visibility
      5038 Miller Rd, Flint, MI 48507
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      Retail Space Near US-23

      Retail spaces available near US-23, ideal for various businesses.
      6004 Torrey Rd, Flint, MI 48507
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      3,600 SF

      Retail Space in Renovated Plaza

      Retail space available in a renovated plaza with pylon signage.
      4205 Miller Rd, 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.

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