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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
3039 Airpark N Dr Flint, MI 48507-3471
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-1172021
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Total area
10,400 SF
Lot
6.24 ac (271,814 SF)
Zoning code
E
APN
40-34-100-031
UPID
US43-1172021
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
E L Hollingsworth & Co Logistics Company Freight Service
-
TOP Worldwide, LLC Corporate Office
-
Chieftain Polymers Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$560k
Owner & transaction history
Bishop International Airport Author · 2 yrs held
Bishop International Airport Author
since 2024
7 recorded transactions
Zoning & alternative use
E · Flint, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$650,000
+69.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flint submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flint submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$385,000
Current use
COMMERCIAL (GENERAL)
$650,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$24,523
Tax year 2022
Assessed value
$461,900
Assessed 2023
Previous assessed
$461,900
+0.0% YoY
Effective rate
5.31%
On assessed value
Total market value
$923,800
Applied tax rate
40.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
10,400 SF
Lot
6.24 ac (271,814 SF)
Zoning code
E
APN
40-34-100-031
UPID
US43-1172021
Jurisdiction
GENESEE
Zoning & alternative use
E · Flint, MI
Zoning E · permitted uses
E · Flint, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flint. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$650,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Lot
6.24 ac
Current owner
From public records · entity-resolved
Bishop International Airport Author
Individual
Free & Clear · 2 yrs held
Mailing address
3425 W BRISTOL RD, FLINT, MI 48507-3146
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Bishop International Airport Author
Chippewa Land LLC
Quit Claim Deed
related
—
Jan 11, 2013
—
Chippewa Land LLC
Barr,stephen & Jennifer
Quit Claim Deed
related
—
Dec 28, 2012
—
Stephen Barr
Barr Stanton Trust
Quit Claim Deed
related
—
Mar 24, 2008
—
Barr,stanton Trust
—
Loan Modification
related
$6,000,000 · Comerica Bank
Jul 24, 2007
—
Barr,stanton Trust
—
Loan Modification
related
$5,250,000 · Comerica Bank
—
—
Barr Stanton Trust
—
Deed Of Trust
related
$191,400 · Comerica Bank
—
—
Barr Stanton Trust
—
Deed Of Trust
related
$7,186,000 · Comerica Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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