Saginaw Township Strip
For Sale
Contact for pricing
33 White Tail Creek Rd, Saginaw, MI 48638
Newer strip center with professional, office, and medical tenants.
Property Size10,110 SF
Lot Size1.00 Acre
Price / SF$146.88
Days on Market817
Property Features for 33 White Tail Creek Rd
General Information
Standard status
Active
Size
10,110 SF
Lot size
1.00 Acre
Property subtype
Office
Listing Agency:
Trademark Commercial Group
(989) 792-2192
Listed By:
Gretchen Witherspoon · License #MI 6501316390
Source:
Crexi
Added: Jun 7, 2024
Changed: Aug 18
Last Checked: Aug 28 at 10:49PM
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 Gratiot Road near Midland Road in Saginaw Township, this newer-built strip center consists of professional, office, and medical tenants. The property has a history of full occupancy. The site offers the potential to add more retail or offices due to available front parcels (at a separate cost). The rear property is zoned R-1A. The total property size is approximately 1 acre, part of a larger 53-acre parcel. A sketch shows front parcels available for development and rear parcels suitable for a residential housing development. Residential or multi-family developers, commercial, office, retail, or even fast-food businesses are welcome. Future planning and approvals will require Saginaw Township approval. The building size is 10,110 square feet.
Key Highlights
- 100% Occupancy Strip Center with Strong Rental History
- Prime Location on Gratiot Road near Midland Road in Saginaw Township
- Development Potential: Front Parcels Available for Additional Retail/Office Space (at separate cost)
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
$98,952
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
6.66%
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%
$1,979,040
$2.0M
Cap Rate 7%
$1,413,600
$1.4M
Cap Rate 9%
$1,099,467
$1.1M
Market Conditions
NOI Build-Up for 10,110 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
$151.7K $15.00/SF
− Vacancy
−$19.7K −$1.95/SF
EGI
$131.9K $13.05/SF
− OpEx
−$33.0K −$3.26/SF
NOI
$99.0K $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%
$1,979,040
Cap Rate 7%
$1,413,600
Cap Rate 9%
$1,099,467
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $98,952 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$1.08M
$941.3K – $1.26M
NOI $75,300 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,753 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Newer strip center with professional, office, and medical tenants.
Where is this strip mall located?
The property is located at 33 White Tail Creek Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 100% Occupancy Strip Center with Strong Rental History; Prime Location on Gratiot Road near Midland Road in Saginaw Township; Development Potential: Front Parcels Available for Additional Retail/Office Space (at separate cost)
