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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4274 East Court St Burton, MI 48509

    • Commercial real estate
    • 136,506 SF
    • 16.54 lot acres
    For Sale
    View listing
    Last Sale
    Oct 03, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1029669
    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 4274 East Court St

    Year built
    1999
    Lot size
    16.54 lot acres
    Property size
    136,506 SF
    Property type
    Commercial real estate
    APN
    59-15-100-021
    APU
    5915100021

    Description

    This exceptional 137,194 square foot retail building, located at 4274 E Court St in Burton, Michigan (zip code 48509), presents a significant opportunity for a single tenant. Situated in Genesee County, the property boasts a substantial footprint, offering ample space for a wide range of retail operations. The building is currently entirely vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. The property is zoned C-4, allowing for a variety of commercial uses. Power is readily available with a robust 3000 Amps, 480 Volts service, ensuring sufficient capacity for even the most demanding businesses. The building's location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high traffic exposure. This is a rare opportunity to secure a large, single-tenant retail space in a desirable location. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Detailed specifications and floor plans are available upon request. This property is for lease and presents a unique chance to establish a significant retail presence in a thriving market. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,377,000
      Market price range: $4.32M - $15.1M
      AI Estimate
      $5,377,000
      Market price range: $4.32M - $15.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6264
    Latitude
    43.0165
    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
    $112,743
    $0.00
    $0.00
    $2,943,900
    -
    $0.00
    $0.00
    $5,887,800

    Comparable in this City

    • Value Estimation by Request
      7.13 Acres

      2493 Genesee Rd

      COMMERCIAL (GENERAL) • 7.13 Acres
      2493 Genesee Rd, Burton, MI 48509-1133
      View Details
    • Value Estimation by Request
      0.80 Acres

      4090 Lapeer Rd

      COMMERCIAL (GENERAL) • 0.80 Acres
      4090 Lapeer Rd, Burton, MI 48509-1708
      View Details
    • Value Estimation by Request
      49.55 Acres

      4190 Ct St

      COMMERCIAL (GENERAL) • 49.55 Acres
      4190 Ct St, Burton, MI 48509-1736
      View Details
    • Value Estimation by Request
      89.00 Acres

      1138 Belsay Rd

      COMMERCIAL (GENERAL) • 89.00 Acres
      1138 Belsay Rd, Burton, MI 48509-1600
      View Details
    • Value Estimation
      $960,000
      10,485 SF

      4039 Davison Rd

      COMMERCIAL (GENERAL) • 10,485 SF
      4039 Davison Rd, Burton, MI 48509-1401
      View Details
    • Value Estimation by Request
      0.71 Acres

      1481 Ctr Rd

      COMMERCIAL (GENERAL) • 0.71 Acres
      1481 Ctr Rd, Burton, MI 48509-1779
      View Details

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      Vacant Land Parcel For Sale

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    Similar Nearby for Lease

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    4274 East Court St
    Burton, MI 48509
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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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