Entity Owned Property summary
AI-generated overview
This newly renovated, single-story, 3,732 square foot retail center in Flushing, MI, presents a unique leasing opportunity. Located at the intersection of Flushing Road and Pierson Road, this property boasts excellent visibility and accessibility. The building, renovated in 2024, offers a single suite with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 3,732 square feet, making it suitable for a variety of businesses. The entire 3,732 square feet is currently vacant. Ample parking is available with 29 spaces. The property sits on 1.21 acres of land and is zoned B-2, catering to a range of commercial uses. The property's modern upgrades to the facade enhance its curb appeal and attract potential customers. Annual property taxes are $2.44 per square foot. This prime location within the Flushing submarket offers strong community presence and significant potential for growth. This is an ideal space for retail, office, or service-oriented businesses seeking a high-visibility location with convenient parking.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Total area
3,700 SF
Lot
1.48 ac (64,512 SF)
Zoning code
B-2 CC GEN BUSN
APN
55-36-200-002
UPID
US43-1004021
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$175k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$175k
Owner & transaction history
since 2024
Last sale
$175,000
5 recorded transactions
Zoning & alternative use
B-2 CC GEN BUSN · Flushing, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$175k
Value range
$158k – $193k
±10% around blend
Estimated value / SF
$47 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$158k
blend $175k
$193k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,700 SF
Lot area
1.48 ac
Year built
1959
APN
55-36-200-002
Zoning
B-2 CC GEN BUSN
Assessed value
$151,200
Annual tax
$11,831
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$216k
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.9 mi away · 2,974 SF
7.4 mi away · 2,792 SF
7.5 mi away · 4,052 SF
8.2 mi away · 4,154 SF
8.5 mi away · 4,350 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$175k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$58
-18%
Submarket 40 sales
$58
-18%
County 994 sales
$67
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $47/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$175k
Move the market yield to see immediate price impact.
Value / SF
$47
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$221k
$157k
$123k
$12k
$245k
$175k
$136k
$13k
$270k
$192k
$150k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$290k
1.0 mi · Jan 2026 · $104/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$11,831
Tax year 2021
Assessed value
$151,200
Assessed 2023
Previous assessed
$151,200
+0.0% YoY
Effective rate
7.82%
On assessed value
Total market value
$302,400
Applied tax rate
55.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Total area
3,700 SF
Lot
1.48 ac (64,512 SF)
Zoning code
B-2 CC GEN BUSN
APN
55-36-200-002
UPID
US43-1004021
Jurisdiction
GENESEE
Zoning & alternative use
B-2 CC GEN BUSN · Flushing, MIZoning B-2 CC GEN BUSN · permitted uses
B-2 CC GEN BUSN · Flushing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1959
Heating
FORCED AIR
Lot
1.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-2 CC GEN BUSN
Jurisdiction
Flushing, MI
Recorded code
B-2 CC GEN BUSN
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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