Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2335 Ctr Rd Burton, MI 48519-1147

    • Commercial real estate
    • 4,712 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    Jul 08, 2024
    $530,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1251453
    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

    • Commercial real estate

    Property Details for 2335 Ctr Rd

    Year built
    1972
    Lot size
    1.24 lot acres
    Property size
    4,712 SF
    Property type
    Commercial real estate
    APN
    59-22-300-022
    APU
    5922300022

    Description

    This vacant 4,712 square foot restaurant building presents a fantastic investment opportunity in Burton, Michigan. Located at 2335 S Center Road, this C-Class property sits on a 1.47-acre lot and boasts a prime location directly across from a recently renovated Meijer store, ensuring high visibility and traffic. Previously a Mancino's restaurant, all existing restaurant equipment is included in the sale. The property features a drive-thru setup and ample parking. Nearby businesses include a Meijer gas station, Fifth Third Bank, Subway, McDonald's, and more, indicating a thriving commercial area. The building is zoned commercial and offers endless possibilities. The seller is willing to build to suit, and the property includes deed restrictions from Meijer (details available upon request). This high-traffic area and the inclusion of existing equipment make this a turnkey opportunity for a new restaurant or similar commercial venture. Built in 1972, the asking price is $599,000, or $127.12 per square foot. The property is privately owned.

    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
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6333
    Latitude
    42.9934
    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
    2021
    $9,026
    $0.00
    $0.00
    $160,500
    -
    $0.00
    $0.00
    $321,000

    Comparable in this City

    • Value Estimation by Request

      3370 Vassar Rd

      COMMERCIAL (GENERAL)
      3370 Vassar Rd, Burton, MI 48519-1673
      View Details
    • Value Estimation
      $770,000
      14,165 SF

      4226 Atherton Rd

      COMMERCIAL (GENERAL) • 14,165 SF
      4226 Atherton Rd, Burton, MI 48519-1438
      View Details
    • Value Estimation by Request
      396 SF

      6429 Atherton Rd

      COMMERCIAL (GENERAL) • 396 SF
      6429 Atherton Rd, Burton, MI 48519-1600
      View Details
    • Value Estimation
      $995,000
      18,362 SF

      3450 Saxon St

      COMMERCIAL (GENERAL) • 18,362 SF
      3450 Saxon St, Burton, MI 48519-1023
      View Details
    • Value Estimation
      $775,000
      14,260 SF

      3345 Genesee Rd

      COMMERCIAL (GENERAL) • 14,260 SF
      3345 Genesee Rd, Burton, MI 48519-1425
      View Details
    • Value Estimation by Request
      4,980 SF

      4495 Ctr Rd

      COMMERCIAL (GENERAL) • 4,980 SF
      4495 Ctr Rd, Burton, MI 48519-1417
      View Details

    Similar Nearby for Sale

    • $500,000
      2.47 Acres

      Burton Commercial Land - 2.47 Acres

      Prime Burton location, high traffic, development ready.
      2280 Center Rd, Burton, MI 48519
      View Details
    • $85,000

      Pole Barn on Two Acres

      Equipped pole barn on 2 acres, multiple usage.
      3361 S Center Rd, Burton, MI 48519
      View Details
    • $70,000

      Commercial Parcel on S. Center

      6.63-acre commercial parcel with frontage on S. Center Rd.
      00 S Center Rd, Burton, MI 48519
      View Details
    • $895,000
      54.14 Acres

      Opportunity Zone Vacant Land

      Large undeveloped lot in Burton, Michigan, within an Opportunity Zone.
      000 Howe Rd, Burton, MI 48519
      View Details
    • $1,895,000
      29,600 SF

      Burton Commercial Complex: Multi-Use Investment

      High-return multi-tenant property in Burton, MI
      4040 Bristol Rd, Burton, MI 48519
      View Details
    • Contact for pricing

      Commercial Land West of Center

      C-2 zoned parcel ideal for various commercial uses.
      00 E Atherton Rd, Burton, MI 48519
      View Details

    Similar Nearby for Lease

    • $900 /Mo

      Commercial Space Available for Rent

      Commercial space available for rent in Burton, Michigan.
      3364 S Center Rd, Burton, MI 48519
      View Details
    • $14 SF/Yr
      1,200 SF

      Burton Center: Retail Space Available

      Prime Retail Space, 1,200 SF Available
      2450 Center Rd, Burton, MI 48519
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2335 Ctr Rd
    Burton, MI 48519-1147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.