Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    4474 Corunna Rd Flint, MI 48532

    • Commercial land
    • 0.62 lot acres
    For Sale
    View listing
    $865,000
    Last Sale
    Mar 01, 2023
    $260,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1704757
    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 land

    Property Details for 4474 Corunna Rd

    Lot size
    0.62 lot acres
    Property type
    Commercial land
    APN
    07-16-300-050
    APU
    716300050

    Description

    This exceptional 1.33-acre commercial land parcel, located at 4474 Corunna Road in Flint, Michigan, presents a remarkable development opportunity. Situated on a busy thoroughfare, this property boasts high visibility and convenient access to I-75, placing it within easy reach of major retail and service industries. The asking price for this expansive lot is $865,000. Alternatively, a triple-net lease is available at $6,500 per month. The property's zoning is currently COMMERCIAL, but there's potential for rezoning with city approval. A survey is readily available, detailing the 1.33-acre parcel which includes both 4474 and 4480 Corunna Road. The parcel size ranges from 0.32 to 1.33 acres, depending on the specific configuration. This versatile property is ideal for a wide range of commercial or mixed-use developments, offering endless possibilities for the discerning investor. The property's APN is 0716300050. Its prime location and significant size make it an exceptional investment prospect in a thriving area. Don't miss this chance to acquire a highly desirable commercial property in a strategic location.

    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
    -83.7708
    Latitude
    43.0027
    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
    $4,294
    $0.00
    $0.00
    $71,600
    -
    $0.00
    $0.00
    $143,200

    Comparable in this City

    • Value Estimation by Request
      0.52 Acres

      Linden Rd

      VACANT COMMERCIAL LAND • 0.52 Acres
      Linden Rd, Flint, MI 48532
      View Details
    • Value Estimation by Request
      0.95 Acres

      1426 Linden Rd

      VACANT COMMERCIAL LAND • 0.95 Acres
      1426 Linden Rd, Flint, MI 48532-4178
      View Details
    • Value Estimation by Request
      0.23 Acres

      Hogarth Ave

      VACANT COMMERCIAL LAND • 0.23 Acres
      Hogarth Ave, Flint, MI 48532
      View Details
    • Value Estimation by Request
      0.48 Acres

      Houran St

      VACANT COMMERCIAL LAND • 0.48 Acres
      Houran St, Flint, MI 48532
      View Details
    • Value Estimation by Request
      0.47 Acres

      Houran St

      VACANT COMMERCIAL LAND • 0.47 Acres
      Houran St, Flint, MI 48532
      View Details
    • Value Estimation by Request
      0.47 Acres

      Houran St

      VACANT COMMERCIAL LAND • 0.47 Acres
      Houran St, Flint, MI 48532
      View Details

    Similar Nearby for Sale

    • $174,999

      Commercial Land with Pole Barn

      3.9 acres with pole barn on high-traffic corridor.
      W Court St, Flint, MI 48532
      View Details
    • $349,000

      Prime Corner Land Opportunity

      5-acre corner lot suitable for gas station or business.
      Corunna Rd, Flint, MI 48532
      View Details
    • $80,000

      Land Near McLaren Flint Hospital

      Commercial land with excellent visibility near McLaren Flint Hospital.
      1101 Ballenger Hwy, Flint, MI 48532
      View Details
    • $365,000

      Commercial Land at High-Traffic Intersection

      Commercial land available at a high-traffic intersection for development.
      6507 Corunna Rd, Flint, MI 48532
      View Details
    • $149,900
      1.40 Acres

      Vacant Land on Beecher Road

      1.4 acres of commercial land perfect for offices or healthcare.
      3309 Beecher Rd, Flint, MI 48532
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land with high traffic count, close to hospital.
      3528 Beecher Rd, Flint, MI 48532
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      5,109 SF

      Medical Suite Near McLaren Hospital

      Move-in ready medical suite in a sought-after medical corridor.
      3380 Beecher Rd, Flint, MI 48532
      View Details
    • Contact for pricing
      10,000 SF

      Professional Office Space Available

      Office suites available for lease with quick highway access.
      1000-1028 Professional Dr, Flint, MI 48532
      View Details
    • $1,250 /Mo

      Office Space on S Linden

      Office space for rent with utilities included.
      2483 S Linden Rd Suite, Flint, MI 48532
      View Details
    • $1,618 /Mo

      Move-in Ready Office Suite

      1,766 SF office suite available for lease.
      2503 S Linden 270, Flint, MI 48532
      View Details
    • $1,200 /Mo
      11,666 SF

      Premium Office/Medical Suites on Linden

      Prime office and medical suites available on high-traffic Linden Road.
      1289 S Linden Rd S, Flint, MI 48532
      View Details
    • $8,000 /Mo
      25,700 SF

      High-Visibility Retail Space in Flint

      Prime retail location on heavily traveled thoroughfare with excellent accessibility.
      4129 Corunna Rd, Flint, MI 48532
      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.
    4474 Corunna Rd
    Flint, MI 48532
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.