Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5331 Corunna Rd Flint, MI 48532
    Back to Search
    Property profile & analytics

    5331 Corunna Rd, Flint, MI 48532

    View on Map
    • Retail properties & Spaces
    • 9,720 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyles Hot Tubs Flint / (Bike/Boat/Book/etc) Store / Kitchen & Bath Showroom

    Property Details for 5331 Corunna Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 9,720-square-foot storefront, located at 5331 Corunna Road in Flint, Michigan, 48532, presents a unique owner-user opportunity. Situated in Genesee County, this property boasts prime commercial exposure on Corunna Road, just west of the Dye/Corunna Road intersection, offering excellent visibility and accessibility. The building is exceptionally clean and well-maintained, making it a turnkey solution for retail or office use. Ample parking is available, ensuring convenient ingress and egress for customers and employees. The property is offered for sale at $499,000, and a lease option is also available at a rate of $6.99 per square foot, NNN. This location is conveniently near the central business district of Genesee County, providing easy access to a thriving commercial area. The property's excellent condition and strategic location make it an ideal investment for businesses seeking a high-traffic, visible storefront in a well-established area. The building is ready for immediate occupancy, minimizing downtime and maximizing return on investment. Don't miss this chance to secure a prime commercial space in a desirable Flint location.

    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
    -83.7855
    Latitude
    43.0015

    Comparable in this City

    • Value Estimation by Request
      1,700 SF

      3110 Miller Rd

      Retail properties & Spaces
      3110 Miller Rd, Flint, MI 48532
      View Details
    • Value Estimation by Request
      52,243 SF

      2113-2125 Linden Rd

      Neighborhood centers
      2113-2125 Linden Rd, Flint, MI 48532
      View Details
    • Value Estimation by Request
      1,000 SF

      3110 Miller Rd

      Restaurants
      3110 Miller Rd, Flint, MI 48532
      View Details
    • Value Estimation by Request
      15,700 SF

      1055 Charter Dr

      Medical Office Space
      1055 Charter Dr, Flint, MI 48532
      View Details
    • Value Estimation by Request
      9,108 SF

      1289-1311 Linden Rd

      Medical Office Space
      1289-1311 Linden Rd, Flint Township, MI 48532
      View Details
    • Value Estimation by Request
      1,928 SF

      1134 Linden Rd

      Medical Office Space
      1134 Linden Rd, Flint Township, MI 48532
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,520 SF

      Commercial Property with High Traffic

      Commercial property with high traffic, near shopping and restaurants.
      1484 Ryan St, Flint, MI 48532
      View Details
    • Contact for pricing
      4,568 SF

      Multi-Tenant Building with Drive-Thru

      4,568-SF multi-tenant building 100% leased in a dense retail area.
      4455 Corunna Rd, Flint, MI 48532
      View Details
    • Contact for pricing

      Retail Space in West Acres

      Retail property for sale in a strategically located shopping center.
      5024 Corunna Rd, Flint, MI 48532
      View Details
    • $179,500

      Commercial Space with Ample Parking

      Well-maintained commercial space suitable for various business uses.
      1011 S Graham Rd, Flint, MI 48532
      View Details
    • $398,900
      5,100 SF

      Commercial Building on Linden Road

      Commercial building near major highways, partially leased, ample parking.
      2255 S Linden Rd, Flint, MI 48532
      View Details
    • $499,000
      3,500 SF

      Turn-Key Restaurant Opportunity in Flint

      Restaurant and real estate for sale in a high-traffic location.
      4018 Corunna Rd, Flint, MI 48532
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,150 SF

      Retail Space in Dense Corridor

      2,150 SF retail space in a high-traffic location.
      4424 Corunna Rd, Flint, MI 48532
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Space For Rent

      Corner lot suitable for office, retail, restaurant, daycare, or medical.
      4442 Beecher Rd, Flint, MI 48532
      View Details
    • $3,900 /Mo
      3,200 SF

      Drive-Thru Retail Space in Flint

      Freestanding retail building with drive-thru near major retailers.
      5060 Corunna Rd, Flint, MI 48532
      View Details
    • $3,000 /Mo

      Versatile Commercial Space For Lease

      5,025 sq ft flex space with high visibility.
      4112 Corunna Rd, Flint, MI 48532
      View Details
    • Contact for pricing
      1,550 SF

      Retail Spaces on Linden Road

      Retail spaces available near major expressways and retailers.
      2117 S Linden Rd, Flint, MI 48532
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5331 Corunna Rd
    Flint, MI 48532
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5331 Corunna Rd, Flint, MI, 48532
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!