Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2259 Vienna Rd Clio, MI 48420

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2259 Vienna Rd Clio, MI 48420

    View on Map
    • Retail properties & Spaces
    • 64,400 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extreme Indoor Kart Racing / Go-Kart Track / Amusement Center

    Property Details for 2259 Vienna Rd

    Property size
    64,400 SF
    Property type
    Retail properties & Spaces

    Description

    Clio Square offers 64,400 square feet of prime retail space in Genesee County, ideally situated just east of downtown Clio and a mere 2 miles from I-75, ensuring easy access for customers throughout northern Genesee County. This multi-tenant shopping center boasts eight available spaces, ranging from a minimum of 1,600 square feet to a maximum contiguous space of 28,000 square feet, catering to a variety of retail needs, from smaller boutiques to larger retailers. The property is zoned C3 Commercial, providing flexibility for various business types. Currently, the entire 64,400 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses. Ample parking is available for customers and employees, and prominent monument signage ensures high visibility for tenants. The center already benefits from the presence of established businesses such as Extreme Indoor Cart Racing, UPS, and Huntington Bank, creating a strong and attractive retail environment. This location offers exceptional visibility and accessibility, making it an ideal investment for businesses seeking a thriving retail presence in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clio
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7237
    Latitude
    43.1761

    Comparable in this City

    • Value Estimation by Request
      2,167 SF

      4181 Vienna Rd

      Office properties & Spaces • 2,167 SF
      4181 Vienna Rd, Clio, MI 48420
      View Details
    • Value Estimation by Request
      21,000 SF

      11382-11394 Linden Rd

      Neighborhood centers • 21,000 SF
      11382-11394 Linden Rd, Clio, MI 48420
      View Details
    • Value Estimation by Request
      37.13 Acres

      1445 Hurd Rd

      COMMERCIAL (GENERAL) • 37.13 Acres
      1445 Hurd Rd, Clio, MI 48420-1879
      View Details
    • Value Estimation by Request
      2.95 Acres

      4041 Vienna Rd

      COMMERCIAL (GENERAL) • 2.95 Acres
      4041 Vienna Rd, Clio, MI 48420-9427
      View Details
    • Value Estimation by Request
      2,120 SF

      1196 Vienna Rd

      COMMERCIAL (GENERAL) • 2,120 SF
      1196 Vienna Rd, Clio, MI 48420-1708
      View Details
    • Value Estimation by Request
      3,394 SF

      3474 Vienna Rd

      COMMERCIAL (GENERAL) • 3,394 SF
      3474 Vienna Rd, Clio, MI 48420-2012
      View Details

    Similar Nearby for Sale

    • $199,900
      3,270 SF

      Clio Convenience Store on 1.14 Acres

      3,270 SF convenience store on 1.14 acres for sale.
      1372 E Lake Rd, Clio, MI 48420
      View Details
    • $249,900

      Versatile Commercial Property For Sale

      High-traffic location suitable for retail, medical, or office use.
      3473 W Vienna Rd, Clio, MI 48420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,000 SF

      Retail Space in Clio Square

      Retail leasing opportunities in easily accessible Clio Square.
      2161-2259 W Vienna Rd, Clio, MI 48420
      View Details
    • Contact for pricing

      Retail Space Near I-75

      Retail spaces available near I-75 in Clio, Michigan.
      4290 W Vienna Rd, Clio, MI 48420
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space Near I-75

      Retail property available for lease near I-75 in Clio.
      4290 W Vienna Rd, Clio, MI 48420
      View Details
    • Contact for pricing
      10,851 SF

      Retail Space For Lease

      Retail space in well-maintained property with excellent visibility.
      11474 N Linden Rd, Clio, MI 48420
      View Details
    • $750 /Mo

      Versatile Office/Mixed-Use Space Available

      1,030 sqft office/mixed-use space for lease with private bathroom.
      221 S Mill St, Clio, MI 48420
      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.
    2259 Vienna Rd
    Clio, MI 48420
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!