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Glendale Hills 2710 W Court St 12,800 SF 44% Leased Office Building Flint, MI 48503 $436,127 CAD ($34.07 CAD/SF) 11.51% Cap Rate
Investment Highlights
- Current tenants provide stable monthly cash flow
- Separately metered suites
- New Roof 2022
- High-visibility corridor of Flint, Michigan
- Located within an Opportunity Zone
Executive Summary
A rare value-add commercial investment opportunity in a high-visibility corridor of Flint, Michigan.? This multi-tenant office building features 16 total suites with occupied units generating immediate rental income while still offering significant upside through lease-up potential.?
Current tenants provide stable monthly cash flow, while the remaining vacant suites create an opportunity for investors to substantially increase revenue over time.? Existing suites are separately metered, helping reduce owner utility expenses and simplify property management.?
The property has already undergone several key improvements, including a newer roof installed in 2022, exterior updates, and parking lot enhancements.? Located within an Opportunity Zone and positioned on a well-traveled roadway, the building benefits from strong accessibility and long-term redevelopment potential.?
Current tenants provide stable monthly cash flow, while the remaining vacant suites create an opportunity for investors to substantially increase revenue over time.? Existing suites are separately metered, helping reduce owner utility expenses and simplify property management.?
The property has already undergone several key improvements, including a newer roof installed in 2022, exterior updates, and parking lot enhancements.? Located within an Opportunity Zone and positioned on a well-traveled roadway, the building benefits from strong accessibility and long-term redevelopment potential.?
Property Facts
Sale Type
Investment
Property Type
Building Size
12,800 SF
Building Class
C
Year Built
1968
Price
$436,127 CAD
Price Per SF
$34.07 CAD
Cap Rate
11.51%
NOI
$50,216 CAD
Percent Leased
44%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,400 SF
Building FAR
0.24
Lot Size
1.20 AC
Opportunity Zone
Yes
Zoning
C-2 - General Business including Restrict Office R-O + Local Business C-1
Parking
88 Spaces (6.88 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Bicycle Storage
- Partitioned Offices
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 40-14-332-027 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $692,965 CAD |
Property Taxes
Parcel Number
40-14-332-027
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$692,965 CAD
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Glendale Hills | 2710 W Court St
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