Gas Station and Service
For Sale
$495,000
1419 Davenport Ave, Saginaw, MI 48602
1,718 sq. ft. gas and service station with two operating gas pumps and two overhead door mechanic bays.
Property Size1,718 SF
Price / SF$288.13
Days on Market366
Property Features for 1419 Davenport Ave
General Information
Standard status
Active
Size
1,718 SF
Property subtype
Other
Zoning
B-1
Additional Details
Business Included
Yes
Drive-In Doors
2
Service Bays
2
Building Details
Building Size
1,718 SF
Listing Agency:
Wilson Realty Inc.
Listed By:
Scott Wilson · License #6502332002
(989) 233-4587
Source:
Cpix.resimplifi
Added: Sep 6, 2025
Changed: Aug 23
Last Checked: Sep 5 at 3:51AM
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 Wilson Realty Inc.
Investment Insights
Based on property information with market context.
This offering includes a long-standing Wally King gas and service station located at 1419 Davenport, along with additional parcels sold as a package. The Davenport property is a 1,718 sq. ft. gas and service station featuring two operating gas pumps with all fuel tanks above ground, as well as two overhead door mechanic bays.
The sale also includes 1418 State, a 1,226 sq. ft. building currently rented and operated as The Big Ugly Fish Bar; no liquor license is included. The listing further includes the operating Budget truck rental business, with annual sales information available upon request.
Addresses included in the sale are 1419 Davenport #13 1274 00100, 1418 State #13 1238 00000, 1414 State #131238 00100, 2111 Durand #13 2013 00000, and 1402 State #13 2014 00000. All five parcels are being sold together.
The sale also includes 1418 State, a 1,226 sq. ft. building currently rented and operated as The Big Ugly Fish Bar; no liquor license is included. The listing further includes the operating Budget truck rental business, with annual sales information available upon request.
Addresses included in the sale are 1419 Davenport #13 1274 00100, 1418 State #13 1238 00000, 1414 State #131238 00100, 2111 Durand #13 2013 00000, and 1402 State #13 2014 00000. All five parcels are being sold together.
Key Highlights
- All 5 parcels sold as a package, including a long‑standing Wally King gas and service station business
- 1419 Davenport #13: 1,718 SF gas and service station with two operating gas pumps and two overhead door mechanic bays
- Fuel tanks at 1419 Davenport are above ground
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
$22,219
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
4.49%
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%
$444,380
$444.4K
Cap Rate 7%
$317,414
$317.4K
Cap Rate 9%
$246,878
$246.9K
Market Conditions
NOI Build-Up for 1,718 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
$30.9K $18.00/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$29.6K $17.24/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$22.2K $12.93/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$18.00 /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%
$444,380
Cap Rate 7%
$317,414
Cap Rate 9%
$246,878
Alternative Uses
Best Use
Specialty Retail
$317.4K
$277.7K – $370.3K
NOI $22,219 @ 7.0% cap · market cap 4.49%
Second Best
Retail
$182.8K
$160.0K – $213.3K
NOI $12,796 @ 7.0% cap · market cap 2.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Hammer Time Hardware
Home Improvements & Furnishings
3,575 visits/mo
0.2 miles
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 1,718 sq. ft. gas and service station with two operating gas pumps and two overhead door mechanic bays.
Where is this gas station located?
The property is located at 1419 Davenport Ave Saginaw, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: All 5 parcels sold as a package, including a long‑standing Wally King gas and service station business; 1419 Davenport #13: 1,718 SF gas and service station with two operating gas pumps and two overhead door mechanic bays; Fuel tanks at 1419 Davenport are above ground
