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Property profile & analytics
OFF-MARKET
Lifestyle centers

5038 Miller Rd Flint, MI 48507

66,000 SF 10.91 ac lot Built 1991
Property ID
Property summary
AI-generated overview

This exceptional 66,000 square foot shopping center, located at 5038 Miller Rd, Flint, MI 48507, presents a compelling investment opportunity. Built in 1991 and extensively renovated in 2020, the property sits on a sizable 10.91-acre lot and boasts a strong net operating income (NOI) of $408,164, yielding an attractive 12.18% cap rate. The asking price is $3,350,000. The property's Assumable Financing adds to its appeal. Detailed financial information is available upon request. The property's location in Genesee County, Michigan, offers excellent access to major transportation routes and a substantial consumer base. With its updated facilities and proven profitability, this shopping center represents a rare chance to acquire a well-established, high-performing retail asset. The property's APN is 07-29-679-006; 07-29-679-005; 07-29-679-004. This is an auction sale with a reserve price of $3,350,000.

Property profile
Verified
Property type Lifestyle centers
Year built 1991
Total area 66,000 SF
Lot 10.91 ac (475,240 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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