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    Property profile & analytics

    4488 Corunna Rd Flint, MI 48532-4322

    • Commercial real estate
    • 6,880 SF
    • 0.97 lot acres
    OFF-MARKET
    Last Sale
    Feb 06, 2023
    $780,000
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    8.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US43-0851873
    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

    • Township Car Wash & Valvoline Express Care / Car Wash

    Property Details for 4488 Corunna Rd

    Year built
    1986
    Lot size
    0.97 lot acres
    Property size
    6,880 SF
    Property type
    Commercial real estate
    APN
    07-16-300-075
    APU
    716300075

    Description

    This exceptional turn-key car wash and oil change business in Flint, Michigan, presents a lucrative investment opportunity. Located at 4488 Corunna Rd, 48532, this 6,880 square foot facility boasts state-of-the-art equipment and systems. Its prime location near major retailers like Home Depot, Walmart, Sam's Club, and Walgreens, and adjacent to a high-volume Speedway gas station, ensures high visibility and consistent customer traffic. The business benefits from a loyal customer base, experienced staff, and a proven track record of consistent revenue streams from oil changes, car washes, and additional services. The asking price is $1,299,900, translating to $188.94 per square foot. This established business offers recurring revenue from regular customers and significant potential for growth through service expansion and increased average ticket prices. The strong brand reputation and reliable operations make this a compelling investment in a growing market. This is a rare opportunity to acquire a well-established and profitable business with excellent growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $770,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,095,000
      6.5%
      $1,010,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $503,000
      Market price range: $210k - $686k
      AI Estimate
      $503,000
      Market price range: $210k - $686k

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

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7714
    Latitude
    43.0025
    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
    $12,282
    $0.00
    $0.00
    $372,100
    -
    $0.00
    $0.00
    $744,200

    Comparable in this City

    • Value Estimation by Request

      2263 Noble Ave

      COMMERCIAL (GENERAL)
      2263 Noble Ave, Flint, MI 48532-3917
      View Details
    • Value Estimation by Request
      14.65 Acres

      1073 Elms Rd

      COMMERCIAL (GENERAL) • 14.65 Acres
      1073 Elms Rd, Flint, MI 48532-2024
      View Details
    • Value Estimation
      $8,875,000
      290,502 SF

      3500 Rue Foret

      COMMERCIAL (GENERAL) • 290,502 SF
      3500 Rue Foret, Flint, MI 48532-2833
      View Details
    • Value Estimation
      $2,150,000
      70,344 SF

      3571 Rue Foret

      COMMERCIAL (GENERAL) • 70,344 SF
      3571 Rue Foret, Flint, MI 48532-2881
      View Details
    • Value Estimation by Request
      3,050 SF

      1230 Linden Rd

      COMMERCIAL (GENERAL) • 3,050 SF
      1230 Linden Rd, Flint, MI 48532-3459
      View Details
    • Value Estimation
      $1,935,000
      21,480 SF

      1471 Linden Rd

      COMMERCIAL (GENERAL) • 21,480 SF
      1471 Linden Rd, Flint, MI 48532
      View Details

    Similar Nearby for Sale

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      Prime Commercial Land, Flint Twp, MI

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    • $179,900
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      Flint Commercial Land - $179,900

      0.44-acre commercial lot, prime location.
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    • $865,000
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      Corunna Road Development Land

      Prime Flint location, commercial zoning.
      4480 Corunna Rd, Flint, MI 48532
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    • $1,600,000
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      Prime Flint Township Land Development

      13 acres, Mixed-Use Zoning, High Visibility
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    • $865,000
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      Corunna Road Development Opportunity

      Prime Flint location, commercial land, high traffic.
      4474 Corunna Rd, Flint, MI 48532
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    • $950,000
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      Flint Retail Building - Prime Location

      Successful business, 4,488 SF, drive-thru.
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    Similar Nearby for Lease

    • 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
    • $1,900 /Mo
      5,109 SF

      Medical Suite Near McLaren Hospital

      Move-in ready medical suite in a sought-after medical corridor.
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      View Details
    • $15 SF/Yr
      52,243 SF

      Flint Retail Spaces Available

      Retail spaces available in Flint Lincor Park Shopping Center.
      2113-2125 S Linden Rd, Flint, MI 48532
      View Details
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    4488 Corunna Rd
    Flint, MI 48532-4322
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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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