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    Property profile & analytics

    1552 Pierson Rd Flushing, MI 48433

    • Commercial real estate
    • 6,917 SF
    • 0.92 lot acres
    For Lease
    View listing
    Last Sale
    Aug 26, 2022
    $610,000
    Value Estimations
    $635,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1167441
    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

    • Ideal Pharmacy Inc / Pharmacy
    • Wild Bill's Tobacco / Vaporizer Store / Candle Store
    • (CLOSED) Kendall Rose Salon Group - Flushing / Hair Salon
    • ZD's Corner / Coffee Shop

    Property Details for 1552 Pierson Rd

    Year built
    1995
    Lot size
    0.92 lot acres
    Property size
    6,917 SF
    Zone code
    B-2 CC GEN BUSN
    Property type
    Commercial real estate
    APN
    55-36-528-004
    APU
    5536528004

    Description

    This exceptional 7,040 square foot retail strip center in Flushing, Michigan, presents a fantastic leasing opportunity. Located at 1552 E. Pierson Rd, this property boasts a modern design and offers 1,693 square feet of immediately available space within a multi-tenant building. The building features a versatile layout, abundant natural light, and excellent visibility from a high-traffic location. The property sits on a 0.92-acre lot and provides 53 convenient parking spaces for customers and employees. Its professional curb appeal and flexible space make it ideal for a variety of retail, office, or service-oriented businesses seeking a thriving commercial environment in Flushing, MI. The ample parking ensures easy access and convenience for patrons. This is a prime opportunity to establish or expand your business in a vibrant and accessible location. The zip code is 48433. This property offers a unique blend of modern aesthetics and practical functionality, making it an attractive option for businesses seeking a strong presence in the Flushing market. Don't miss this chance to secure your ideal retail space in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,020,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $555,000
      Market price range: $265k - $556k
      AI Estimate
      $555,000
      Market price range: $265k - $556k

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

    Location Insight

    • Map
    • Local Demand
    City
    Flushing
    County
    Genesee
    State
    Michigan
    Longitude
    -83.8145
    Latitude
    43.0597
    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
    2023
    $20,096
    $0.00
    $0.00
    $343,100
    -
    $0.00
    $0.00
    $686,200

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      302 Main St

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    • Value Estimation by Request
      7.92 Acres

      5300 Pasadena Ave

      COMMERCIAL (GENERAL) • 7.92 Acres
      5300 Pasadena Ave, Flushing, MI 48433-2421
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    • Value Estimation by Request
      2.01 Acres

      6101 Pierson Rd, Unit 12

      COMMERCIAL (GENERAL) • 2.01 Acres
      6101 Pierson Rd, Flushing, MI 48433-2336
      View Details
    • Value Estimation by Request
      2.01 Acres

      6101 Pierson Rd, Unit 19

      COMMERCIAL (GENERAL) • 2.01 Acres
      6101 Pierson Rd, Flushing, MI 48433-2336
      View Details
    • Value Estimation by Request

      53 Dalton Airport

      COMMERCIAL (GENERAL)
      53 Dalton Airport, Flushing, MI 48433
      View Details
    • Value Estimation by Request

      20 Dalton Airport

      COMMERCIAL (GENERAL)
      20 Dalton Airport, Flushing, MI 48433
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    Similar Nearby for Sale

    • Contact for pricing
      3.92 Acres

      Flushing, MI Commercial Land - 3.92 Acres

      Prime Genesee County development opportunity. B-2 zoning, high visibility location.
      1563 Pierson Rd, Flushing, MI 48433
      View Details
    • $315,000
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      1444 Pierson Rd, Flushing, MI 48433

      Industrial properties • 1,448 SF
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      Well-Maintained Medical Office Building

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      Versatile Land Opportunity

      1.32 acres of versatile land available for purchase.
      8498 Duffield Rd, Flushing, MI 48433
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      15 Acres Vacant Land Flushing

      15 acres of vacant land suitable for development.
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      Spacious, remodeled mixed-use building in downtown Flushing with investment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      4,750 SF

      Flushing Retail Center - 1,000 SF

      Prime Flushing retail space; high visibility, ample parking.
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      3,732 SF

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      Newly renovated, 3,732 SF office space.
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      7,040 SF

      Flushing Retail Center: Prime Space Available

      7,040 SF Strip Center, Ample Parking
      1552 Pierson Rd, Flushing, MI 48433
      View Details
    • Contact for pricing
      11,659 SF

      Bueche's Shopping Center: Retail Space

      Prime Flushing Retail: 11,659 SF Available
      218-300 Main St, Flushing, MI 48433
      View Details
    • $4,200 /Mo
      22,592 SF

      Spacious End Unit for Lease

      Bright, versatile 4,400 SF end unit with high visibility.
      1537 E Pierson Rd, Flushing, MI 48433
      View Details
    • $2,650 /Mo
      22,592 SF

      Versatile End Unit in Flushing

      Bright, spacious 2,650 SF end unit suitable for various businesses.
      1537 E Pierson Rd, Flushing, MI 48433
      View Details
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    Flushing, MI 48433
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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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