Warehouse with Enclosed
New
For Sale
$299,900
2869 VOGUE BLVD, Saginaw, MI 48603
Industrial building offers office support, a half bath, overhead access, and a compact outdoor yard.
Property Size3,456 SF
Price / SF$86.78
Days on Market5
Property Features for 2869 VOGUE BLVD
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Clear Height
12 ft
Amenities
Central Air
3
Concrete
Shingle
120197
Building Details
Year Built
1986
Tenancy
Single
Listing Agency:
Wilson Realty
(989) 793-5650
Listed By:
Nathon Wilson · License #6506042802
(989) 737-3411
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 9 at 3:09PM
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
Investment Insights
Based on property information with market context.
This 3,456-square-foot warehouse, built in 1986, combines open work space with several supporting improvements. The building includes 12-foot ceilings, a concrete floor, two 10-foot overhead doors, central air, an office, and a half bath. A rear enclosed workshop and storage area provides additional interior utility, while the property also includes a small outside yard area.
Located at 2869 Vogue Blvd in Saginaw, Michigan 48603, the property is configured for a single-tenant or owner-operator warehouse use. Its combination of overhead access, enclosed work space, office area, and outdoor yard creates a practical layout for warehouse operations.
Located at 2869 Vogue Blvd in Saginaw, Michigan 48603, the property is configured for a single-tenant or owner-operator warehouse use. Its combination of overhead access, enclosed work space, office area, and outdoor yard creates a practical layout for warehouse operations.
Key Highlights
- 3,456‑square‑foot warehouse on a 0.08‑acre site
- 12‑foot ceilings and concrete floor
- Two 10‑foot overhead doors
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
$23,689
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
7.90%
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%
$473,780
$473.8K
Cap Rate 7%
$338,414
$338.4K
Cap Rate 9%
$263,211
$263.2K
Market Conditions
NOI Build-Up for 3,456 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
$29.0K $8.40/SF
− Vacancy
−$1.2K −$0.34/SF
EGI
$27.9K $8.06/SF
− OpEx
−$4.2K −$1.21/SF
NOI
$23.7K $6.85/SF
Area
Saginaw County, MI
Vacancy
4.00%
Lease Rate
$8.40 /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%
$473,780
Cap Rate 7%
$338,414
Cap Rate 9%
$263,211
Alternative Uses
Best Use
Warehouse
$338.4K
$296.1K – $394.8K
NOI $23,689 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$638.5K
$558.7K – $744.9K
NOI $44,696 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
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
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Similar Off Market Nearby
- WNNCO Property Management — 2754 Erna Dr, Saginaw, MI 48603
- A & B Self Storage — 3253 Bay Rd, Saginaw, MI 48603
- A & B Self Storage — 3133 Boardwalk Dr, Saginaw, MI 48603
- E-Z Self Storage — 3625 Christy Way E, Saginaw, MI 48603
- Self-Storage at U-Haul — 3520 Bay Rd, Saginaw, MI 48603
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building offers office support, a half bath, overhead access, and a compact outdoor yard.
Where is this warehouse located?
The property is located at 2869 VOGUE BLVD Saginaw, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,456‑square‑foot warehouse on a 0.08‑acre site; 12‑foot ceilings and concrete floor; Two 10‑foot overhead doors
