Remodeled Office or Retail
For Sale
Contact for pricing
11225 S Saginaw Street, Grand Blanc, MI 48439
Move-in ready suite with updated HVAC, kitchenette, and sound-insulated interiors for office or retail operations.
Property Size760 SF
Price / SF$249.87
Days on Market100
Property Features for 11225 S Saginaw Street
General Information
Standard status
Active
Size
760 SF
Property subtype
Office, Mixed Use, Retail
Building Details
Year Built
1984
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
Listed By:
Cathy Purdy · License #MI 6502392897
Source:
Crexi
Added: May 4
Changed: Aug 7
Last Checked: Aug 10 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
Investment Insights
Based on property information with market context.
Suite 5 is a beautifully updated 760-square-foot commercial condo designed for flexible office or retail use. The space was completely remodeled in 2020 and is positioned for a turnkey setup, with high-quality improvements throughout. Key updates include a new HVAC system with furnace and central air, a remodeled bathroom, an updated kitchenette, and new ceilings throughout. Sound-insulated features help support a quieter, more private environment for day-to-day operations.
The suite is located within Old World Village Plaza in Grand Blanc’s active business community. The property is described as being in a high-traffic area with strong visibility, supported by the plaza setting.
This suite is a practical fit for an owner-user seeking a ready-to-operate space or for an investor looking to own a remodeled commercial condo that can serve either office or retail needs. The combination of updated mechanicals, interior refreshes, and the sound-insulated layout provides a solid foundation for a tenant-facing business that values comfort and discretion.
The suite is located within Old World Village Plaza in Grand Blanc’s active business community. The property is described as being in a high-traffic area with strong visibility, supported by the plaza setting.
This suite is a practical fit for an owner-user seeking a ready-to-operate space or for an investor looking to own a remodeled commercial condo that can serve either office or retail needs. The combination of updated mechanicals, interior refreshes, and the sound-insulated layout provides a solid foundation for a tenant-facing business that values comfort and discretion.
Key Highlights
- Completely remodeled in 2020 760 sq ft commercial condo suite in Old World Village Plaza
- Move‑in ready for office or retail use, with a flexible layout for owner‑user or investment buyers
- New HVAC system (furnace & central air) and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,440
$167.4K
Cap Rate 7%
$119,600
$119.6K
Cap Rate 9%
$93,022
$93.0K
Market Conditions
NOI Build-Up for 760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.0K $17.04/SF
− Vacancy
−$1.8K −$2.35/SF
EGI
$11.2K $14.69/SF
− OpEx
−$2.8K −$3.67/SF
NOI
$8.4K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$167,440
Cap Rate 7%
$119,600
Cap Rate 9%
$93,022
Alternative Uses
Best Use
Office B
$119.6K
$104.7K – $139.5K
NOI $8,372 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$112.7K
$98.6K – $131.5K
NOI $7,889 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$159.9K
$139.9K – $186.6K
NOI $11,195 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready suite with updated HVAC, kitchenette, and sound-insulated interiors for office or retail operations.
Where is this office units located?
The property is located at 11225 S Saginaw Street Grand Blanc, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Completely remodeled in 2020 760 sq ft commercial condo suite in Old World Village Plaza; Move‑in ready for office or retail use, with a flexible layout for owner‑user or investment buyers; New HVAC system (furnace & central air) and updated bathroom
