Saginaw Township Office/Lab
For Sale
Contact for pricing
2795 Universal Drive, Saginaw, MI
2500 SF office/lab space available for lease in Saginaw.
Property Size2,500 SF
Lot Size0.77 Acres
Price / SF$198
Days on Market312
Property Features for 2795 Universal Drive
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.77 Acres
Property subtype
OFFICE
Properties For Sale
at 2795 Universal Drive
NOW REDUCED! 2500 SF Office with open area. TRADEMARK 989-792-6400
AVAILABLE, Now
Floor
1
Size
2,500 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
Now Reduced!
Great Location on Universal Drive in Saginaw Twp!! This unit has not been available for at least 10 years. The last tenant in here used the 2500 SF unit for offices with a lab type of use. As you may see from the exterior pics, there appears to be an overhead door in the space. It is still intact on the exterior but drywalled in on the interior. It can be there again; you would need to tear drywall out to expose the existing overhead door (only if it is needed- use can be without it opened back up). The former garage space (behind the drywalled in overhead door) was converted to lab use and is very nice! The space has been freshened up, it looks great! New painting throughout, new countertop in kitchenette, updated 2 restrooms, new flooring throughout, ready for you! This space = 2500 SF @ $2,750 per month plus Gas and Electric. LL pays for Taxes, building insurance, landscape, snow removal and waste. Dumpster by Tenant.
NOTE- neighboring 1250 SF unit in same building (see separate listing) is also available- that space has office, restroom and overhead door-shop area- can be combined with this space to make a total of 3750 SF for additional cost.
Need additional details?
Call Trademark Commercial Group 989-792-6400 for all the details and your personal showing.
Contact us
Listing Agency:
Trademark Commercial Group
Listed By:
Gretchen Witherspoon,SIOR,CCIM
(989) 295-0353
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Oct 1 at 8:10AM
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.
Located on Universal Drive in Saginaw Township, this 2500 square foot unit is available for lease. Previously used as office space with a lab, the space has been updated with new paint, new flooring, an updated kitchenette countertop, and two updated restrooms. While currently drywalled on the interior, an existing overhead door is intact on the exterior and can be reopened if needed. The former garage space behind the drywalled overhead door has been converted to a lab. The monthly lease rate is $3,300, plus gas and electric. The landlord covers taxes, building insurance, landscaping, snow removal, and waste disposal. The tenant is responsible for the dumpster. An adjacent 1250 square foot unit is also available, featuring an office, restroom, and overhead door-shop area. The two units can be combined to create a total of 3750 square feet for an additional cost. This property is suitable for office or lab use.
Key Highlights
- Prime location on Universal Drive in Saginaw Twp.
- 2500 SF unit available for lease at $3,300 per month plus utilities.
- Recently renovated with new paint, flooring, kitchenette countertop, and updated restrooms.
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
$24,469
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
4.94%
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%
$489,380
$489.4K
Cap Rate 7%
$349,557
$349.6K
Cap Rate 9%
$271,878
$271.9K
Market Conditions
NOI Build-Up for 2,500 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
$37.5K $15.00/SF
− Vacancy
−$4.9K −$1.95/SF
EGI
$32.6K $13.05/SF
− OpEx
−$8.2K −$3.26/SF
NOI
$24.5K $9.79/SF
Area
Saginaw County, MI
Vacancy
13.00%
Lease Rate
$15.00 /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%
$489,380
Cap Rate 7%
$349,557
Cap Rate 9%
$271,878
Alternative Uses
Best Use
Office B
$349.6K
$305.9K – $407.8K
NOI $24,469 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$461.9K
$404.2K – $538.9K
NOI $32,333 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
793
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - 2500 SF office/lab space available for lease in Saginaw.
Where is this office units located?
The property is located at 2795 Universal Drive 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: Prime location on Universal Drive in Saginaw Twp.; 2500 SF unit available for lease at $3,300 per month plus utilities.; Recently renovated with new paint, flooring, kitchenette countertop, and updated restrooms.
