For Sale
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1668 Champagne Dr, Saginaw, MI 48604
Flex space
Property Size29,280 SF
Price / SF$116.97
Days on Market209
Property Features for 1668 Champagne Dr
General Information
Standard status
Active
Size
29,280 SF
Property subtype
Industrial, Office
Zoning
M-1
Building Details
Year Built
1995
Year Renovated
2016
Listing Agency:
Trademark Commercial Group
Listed By:
Gretchen Witherspoon · License #MI 6501316390
(989) 792-2192
Source:
Crexi
Added: Mar 12
Changed: Oct 6
Last Checked: Oct 5 at 3:19PM
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
Key Highlights
- Industrial office building and warehouse space.
- Located in Champagne Park, Saginaw Township.
- Professional office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,782
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,215,640
$3.2M
Cap Rate 7%
$2,296,886
$2.3M
Cap Rate 9%
$1,786,467
$1.8M
Market Conditions
NOI Build-Up for 29,280 SF
Gross rent
$281.1K $9.60/SF
− Vacancy
−$33.7K −$1.15/SF
EGI
$247.4K $8.45/SF
− OpEx
−$86.6K −$2.96/SF
NOI
$160.8K $5.49/SF
Area
Saginaw County, MI
Vacancy
12.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,215,640
Cap Rate 7%
$2,296,886
Cap Rate 9%
$1,786,467
Alternative Uses
Best Use
Flex RnD
$2.30M
$2.01M – $2.68M
NOI $160,782 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$2.18M
$1.91M – $2.54M
NOI $152,675 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$5.41M
$4.73M – $6.31M
NOI $378,678 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48604, MI
12,386
Population
4,603
Households
2.7
Avg Household Size
29
Median Age
24%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
471
Density / Sq Mi
$53,804
Median Household Income
$18,887
Median Earnings
$928
Median Rent
$93,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
Where is this flex space located?
The property is located at 1668 Champagne Dr Saginaw, MI.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: Industrial office building and warehouse space.; Located in Champagne Park, Saginaw Township.; Professional office building.
