Wedding Venue with Storage
For Sale
$1,150,000
14130 N Saginaw Road, Clio, MI 48420
Multiple buildings support event and storage operations with updated HVAC, plumbing, and windows.
Property Size11,290 SF
Price / SF$101.86
Days on Market93
Property Features for 14130 N Saginaw Road
General Information
Standard status
Active
Size
11,290 SF
Property subtype
Commercial
Lease Term
Cash, Conventional, Other
Taxes and HOA fees
Annual Taxes
$14,493
Building Details
Building Size
11,290 SF
Year Built
1975
Buildings
3
Listing Agency:
Piper Realty Company
(810) 875-7508
Listed By:
Timothy Sarver
(810) 875-7508
Source:
Sabudarealty
Added: May 6
Changed: Aug 2
Last Checked: Aug 5 at 2:43PM
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 Piper Realty Company
Investment Insights
Based on property information with market context.
This 11,290-square-foot property includes three separate buildings on 4+ acres in Vienna Charter Township. The improvements are currently operating as a wedding venue and storage facility, providing established event and storage uses within one property. New HVAC systems, new plumbing throughout, and new windows are among the completed improvements. Functional layouts support the current operations and provide flexibility for continued use of the existing buildings.
The property is located at 14130 N Saginaw Road and was built in 1975. Its expansive grounds include room for event activity, storage-related use, and additional structures, as described in the property information. The combination of event operations, storage facilities, updated building systems, and acreage creates a multi-building commercial property with several documented existing uses.
The property is located at 14130 N Saginaw Road and was built in 1975. Its expansive grounds include room for event activity, storage-related use, and additional structures, as described in the property information. The combination of event operations, storage facilities, updated building systems, and acreage creates a multi-building commercial property with several documented existing uses.
Key Highlights
- 4+ acres with 3 separate buildings
- 11,290 square feet of total property size
- Currently operates as a wedding venue and storage facility
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
$77,645
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
6.75%
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%
$1,552,900
$1.6M
Cap Rate 7%
$1,109,214
$1.1M
Cap Rate 9%
$862,722
$862.7K
Market Conditions
NOI Build-Up for 11,290 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
$101.6K $9.00/SF
− Vacancy
−$10.3K −$0.91/SF
EGI
$91.3K $8.09/SF
− OpEx
−$13.7K −$1.21/SF
NOI
$77.6K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,552,900
Cap Rate 7%
$1,109,214
Cap Rate 9%
$862,722
Alternative Uses
Best Use
Warehouse
$1.11M
$970.6K – $1.29M
NOI $77,645 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,300 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Wedding venue - Multiple buildings support event and storage operations with updated HVAC, plumbing, and windows.
Where is this wedding venue located?
The property is located at 14130 N Saginaw Road Clio, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4+ acres with 3 separate buildings; 11,290 square feet of total property size; Currently operates as a wedding venue and storage facility
