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    Property profile & analytics

    1055 Charter Dr Flint, MI 48532

    • Medical offices
    • 15,700 SF
    • 2.50 lot acres
    For Sale
    View listing
    $2,290,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1562492
    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

    • MPI Home Care / Home Health Care Service
    • Charter Health Care Training Center / Trade School / College

    Property Details for 1055 Charter Dr

    Year built
    2003
    Lot size
    2.50 lot acres
    Property size
    15,700 SF
    Property type
    Medical offices
    APN
    07-16-602-014

    Description

    This exceptional Class A office building, located at 1055 Charter Drive in Flint, Michigan, presents a unique investment opportunity. Boasting 15,700 square feet of space, this vacant property is ideally suited for a variety of uses, including executive offices, medical practices, or traditional office setups. Built in 2003, the building is impeccably maintained and situated on a 2.5-acre lot, providing ample space and parking. With 84 parking spaces available, client and staff convenience is ensured. Its prime location within a busy medical office park offers excellent visibility and accessibility, with convenient access to I-75 and proximity to McLaren Flint Hospital. The property's APN is 07-16-602-014. This building is perfect for a single large tenant or can easily be configured for multiple tenants. The asking price for this turnkey property is $2,100,000. This represents a compelling opportunity to acquire a high-quality, well-located office building in a densely populated area of Genesee County, Michigan, with a 48532 zip code. The property's versatile design and convenient location make it an attractive option for both investors and end-users seeking a move-in ready space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7689834
    Latitude
    43.0152109

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    Similar Nearby for Sale

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    • $495,000

      Turnkey Medical Office with Exam Rooms

      Well-appointed medical suite with circular hallway and ample parking.
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    • $209,888
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    • $2,290,000
      15,025 SF

      15,000 SF Building in Flint

      15,025 SF building on 2.5 acres near I-69 and I-75.
      1055 Charter Dr, Flint, MI 48532
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    • $109,900
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      Renovated Medical Office Condo

      Completely renovated medical office condo in a busy location.
      4007 Court St W, Flint, MI 48532
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    • $139,900
      1,334 SF

      Villa Linde Office Condo

      Updated office condo with finished lower level and included equipment.
      1134 S Linden Rd, Flint, MI 48532
      View Details

    Similar Nearby for Lease

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      Prime Flint Medical Office Space

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      Renovated Medical Office Condo

      Completely renovated medical office condo in a busy location.
      G4007 Court St W, Flint, MI 48532
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    • $1,200 /Mo
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      Premium Office/Medical Suites on Linden

      Prime office and medical suites available on high-traffic Linden Road.
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    • $1,618 /Mo

      Move-in Ready Office Suite

      1,766 SF office suite available for lease.
      2503 S Linden 270, Flint, MI 48532
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    1055 Charter Dr
    Flint, MI 48532
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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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