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    Property profile & analytics

    3086 Court St Flint, MI 48506

    • Commercial real estate
    • 124,500 SF
    • 10.16 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Last Sale
    Oct 17, 2022
    $2,800,000
    Value Estimations
    $2,580,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4206152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flint Community Schools Bus Yard / School
    • First Student Inc. / School Bus Service / Bus Charter
    • K&R Tire Center / Used Tire Shop / Tire Shop
    • Ground Level Dumpsters / Corporate Office
    • First Student, Inc. / School Bus Service

    Property Details for 3086 Court St

    Year built
    1962
    Lot size
    10.16 lot acres
    Property size
    124,500 SF
    Property type
    Commercial real estate
    APN
    41-16-102-011
    APU
    4116102011

    Description

    This exceptional industrial property, located at 3086 E. Court St in Flint, Michigan, offers a prime opportunity for businesses seeking warehouse or distribution space. The property boasts a total of 124,500 square feet, with 32,579 square feet currently available for lease. Units can be leased in sizes ranging from a minimum of 10,000 square feet up to a maximum contiguous space of 32,579 square feet, providing flexibility for various operational needs. The building features a generous 20-foot ceiling height, facilitating efficient storage and handling of goods. Loading and unloading are simplified with 5 loading docks and 4 drive-in doors. Ample parking is available for employees and visitors. The property sits on a substantial 10.82-acre lot, providing ample room for expansion or outdoor storage. The warehouse is equipped with 240-volt power, suitable for a range of industrial applications. The property is zoned for light industrial use and is conveniently located in Genesee County, Michigan, with the APN 41-16-102-011. This multi-tenant building presents a unique opportunity to secure a well-located, functional warehouse space in a thriving industrial area. Contact us today to learn more about leasing options and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,231,000
      Market price range: $2.23M - $7.83M
      AI Estimate
      $2,231,000
      Market price range: $2.23M - $7.83M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6511
    Latitude
    43.0171
    CBSA code
    22420
    CBSA name
    FLINT, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $52,619
    $0.00
    $0.00
    $731,400
    -
    $0.00
    $0.00
    $1,462,800

    Comparable in this City

    • Value Estimation by Request
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      3055 Genesee Rd

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      0.96 Acres

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    Similar Nearby for Lease

    • $4 SF/Yr
      124,500 SF

      Flint Warehouse Space Available

      10,000 - 32,579 SF Warehouse Space for Lease
      3086 Court St, Flint, MI 48506
      View Details
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      Flint Office Space For Lease

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    • Contact for pricing
      8,000 SF

      Prime Flint Retail Space Available

      8,000 sq ft, Court St. retail space
      3709 Court St, Flint, MI 48506
      View Details
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    Flint, MI 48506
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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.

    More about this property
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