Burton Commercial Asset For
For Sale
$270,000
4277 S Saginaw St, Burton, MI 48529
3,500 SF commercial building in prime Burton corridor.
Property Size3,560 SF
Price / SF$77.14
Days on Market108
Property Features for 4277 S Saginaw St
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,293
Building Details
Building Size
3,560 SF
Year Built
1977
Listing Agency:
Keller Williams First
(810) 397-2603
Listed By:
Jackie Stratton · License #100050356
(810) 397-2603
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
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 Keller Williams First
Investment Insights
Based on property information with market context.
This 3,500 square foot commercial building is located in one of Burton’s established commercial corridors. Zoned C-2, the property offers frontage and exposure along a primary artery connecting Grand Blanc, Burton, and Flint, with traffic counts exceeding 15,400 vehicles per day. The building has a large on-site parking lot and two separate entrances. Originally designed as two suites, it is easily re-dividable and is currently configured as one unit. Remodeled in 2018, it features two high-efficiency furnaces installed in 2018. The building was most recently operated as a pawn shop and may be conveyed with remaining equipment or delivered vacant. Potential uses include retail storefront, professional office, service-based business, or light warehouse/specialty retail. The ability to convert back to two independent units creates income-producing potential. The property has high-visibility frontage with strong signage potential. It is close to major expressways and other retail shopping in strong community surroundings.
Key Highlights
- High‑traffic location: Over 15,400 vehicles per day, providing exceptional visibility.
- Flexible C‑2 zoning: Suitable for a wide range of commercial uses.
- Easily divisible: Originally designed as two suites, offering dual‑tenant income potential.
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
$24,071
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
8.92%
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%
$481,420
$481.4K
Cap Rate 7%
$343,871
$343.9K
Cap Rate 9%
$267,456
$267.5K
Market Conditions
NOI Build-Up for 3,500 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
$31.5K $9.00/SF
− Vacancy
−$3.2K −$0.91/SF
EGI
$28.3K $8.09/SF
− OpEx
−$4.2K −$1.21/SF
NOI
$24.1K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /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%
$481,420
Cap Rate 7%
$343,871
Cap Rate 9%
$267,456
Alternative Uses
Best Use
Office B
$550.8K
$482.0K – $642.6K
NOI $38,557 @ 7.0% cap · market cap 14.28%
Second Best
Retail
$519.0K
$454.2K – $605.6K
NOI $36,333 @ 7.0% cap · market cap 13.46%
Theoretical Best
Office A
$736.5K
$644.4K – $859.2K
NOI $51,554 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48529, MI
9,560
Population
4,430
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
1,992
Density / Sq Mi
$38,021
Median Household Income
$24,189
Median Earnings
$1,003
Median Rent
$74,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 3,500 SF commercial building in prime Burton corridor.
Where is this storefront property located?
The property is located at 4277 S Saginaw St Burton, MI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: High‑traffic location: Over 15,400 vehicles per day, providing exceptional visibility.; Flexible C‑2 zoning: Suitable for a wide range of commercial uses.; Easily divisible: Originally designed as two suites, offering dual‑tenant income potential.
