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

    3848 Evergreen Pkwy Flint, MI 48503-4561

    • Commercial real estate
    • 1,120 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5189791
    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 3848 Evergreen Pkwy

    Year built
    1963
    Lot size
    0.15 lot acres
    Property size
    1,120 SF
    Property type
    Commercial real estate
    APN
    41-16-481-023
    APU
    4116481023

    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
    -83.6373
    Latitude
    43.0044
    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
    2022
    $1,594
    $0.00
    $0.00
    $29,000
    -
    $0.00
    $0.00
    $58,000

    Comparable in this City

    • Value Estimation by Request
      2,856 SF

      317 Grand Traverse St

      COMMERCIAL (GENERAL) • 2,856 SF
      317 Grand Traverse St, Flint, MI 48503-5619
      View Details
    • Value Estimation by Request
      963 SF

      516 Grand Traverse St

      COMMERCIAL (GENERAL) • 963 SF
      516 Grand Traverse St, Flint, MI 48503-2536
      View Details
    • Value Estimation by Request
      6,282 SF

      2701 Corunna Rd

      COMMERCIAL (GENERAL) • 6,282 SF
      2701 Corunna Rd, Flint, MI 48503-3364
      View Details
    • Value Estimation
      $3,710,000
      66,800 SF

      814 Kearsley St

      COMMERCIAL (GENERAL) • 66,800 SF
      814 Kearsley St, Flint, MI 48503-1971
      View Details
    • Value Estimation
      $760,000
      41,067 SF

      410 Lippincott Blvd

      COMMERCIAL (GENERAL) • 41,067 SF
      410 Lippincott Blvd, Flint, MI 48503-5875
      View Details
    • Value Estimation by Request
      7,858 SF

      2109 M L King Ave

      COMMERCIAL (GENERAL) • 7,858 SF
      2109 M L King Ave, Flint, MI 48503-1027
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.00 Acres

      Flint Industrial Land Redevelopment

      Shovel-ready site, ideal for diverse uses
      1899 James P Cole Blvd, Flint, MI 48503
      View Details
    • Contact for pricing
      8,000 SF

      Prime Flint Retail Center

      8,000 SF, 3 Units, High Traffic
      3626 Miller Rd, Flint, MI 48503
      View Details
    • $195,000
      5,484 SF

      Flint Creative Office - Redevelopment Opportunity

      Historic Carriage Town, 5,484 SF, Owner/User
      213 1St Ave, Flint, MI 48503
      View Details
    • $130,000
      1,686 SF

      Flint Multi-Family Property For Sale

      Two-unit multi-family property featuring a basement in Flint, Michigan.
      1303 Root St, Flint, MI 48503
      View Details
    • $350,000

      Flint Commercial Property for Sale

      Commercial property available for sale in Flint, Michigan.
      1016 Garland St, Flint, MI 48503
      View Details
    • $169,999
      1,680 SF

      Flint Industrial Space - Huge Potential

      Fully remodeled, turnkey industrial space. Ideal for various businesses.
      3318 Saginaw St, Flint, MI 48503
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      103,894 SF

      Prime Genesee County Warehouse Space

      103,894 SF Warehouse For Lease
      3302 Kent St, Flint, MI 48503
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near I-69

      Retail space available near I-69 and Center Road.
      3855 Lapeer Rd, Flint, MI 48503
      View Details
    • $1,050 /Mo

      Retail Space on Dort Street

      Two retail units available for lease on Dort Street.
      810 S Dort Hwy, Flint, MI 48503
      View Details
    • Contact for pricing
      148,897 SF

      Eastridge Commons Retail Center

      Flint, MI Shopping Center - 11 Spaces Available
      3701 Lapeer Rd, Flint, MI 48503
      View Details
    • Contact for pricing
      24,859 SF

      Retail Space Near I-69

      Retail property for lease with high traffic counts.
      3721-3871 Lapeer Rd, Flint, MI 48503
      View Details
    • $450 /Mo
      2,054 SF

      Versatile Commercial Property in Flint

      Office space with shared conference room near downtown Flint.
      1200 W Court St, Flint, MI 48503
      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.
    3848 Evergreen Pkwy
    Flint, MI 48503-4561
    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.