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Property profile & analytics
FOR SALE
Commercial real estate
5510 Richfield Rd, Flint, MI 48506
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1070930
For Sale
1 / 40
$450,000
5510 Richfield Rd, Flint, MI 48506
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Total area
4,552 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C-2 HWY COMM
APN
11-35-400-015
UPID
US43-1070930
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
-
Huntington Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Envisage Commons LLC · 4 yrs held
Envisage Commons LLC
since 2021
Last sale
$199,000
3 recorded transactions
Zoning & alternative use
C-2 HWY COMM · Flint, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$10,557
Tax year 2021
Assessed value
$199,600
Assessed 2023
Previous assessed
$209,800
-4.9% YoY
Effective rate
5.29%
On assessed value
Total market value
$399,200
Applied tax rate
11.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1976
Heating
FORCED AIR
Total area
4,552 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C-2 HWY COMM
APN
11-35-400-015
UPID
US43-1070930
Jurisdiction
GENESEE
Zoning & alternative use
C-2 HWY COMM · Flint, MI
Zoning C-2 HWY COMM · permitted uses
C-2 HWY COMM · 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.
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Lot
1.89 ac
Current owner
From public records · entity-resolved
Envisage Commons LLC
Entity
Mailing address
4213 LARK LN, FLINT, MI 48506-1708
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$199,000
Envisage Commons LLC
Anchors Realty LLC
Warranty Deed
$160,000 · Elga Credit Union
Dec 7, 2021
—
Envisage Commons LLC
—
Deed
related
—
Nov 5, 2019
$120,000
Anchors Realty LLC
Huntington Natl Bk
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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