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    Medical Suite in Medical Arts Title is generated by Realmo AI

    4701 Towne Centre Road, Saginaw, MI

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    Premier medical suite available for rent in Saginaw, Michigan.

    Type:OFFICE
    Property size:
    4,997 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $99/SF
    Added:
    Jan 5, 2025
    Days on Market:
    502
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 4701 Towne Centre Road

    General Information

    Standard status
    Active
    Size
    4,997 SF
    Lot size
    1.99 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Gretchen Witherspoon,SIOR,CCIM

    Listing agent Gretchen Witherspoon,SIOR,CCIM

    Listing office Trademark Commercial Group

    Listing date Jan 5, 2025

    Source Moodyscre

    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

    HighLights

    • Premier six‑exam room medical suite immediately available.
    • Located in the prestigious Medical Arts Two building.
    • Features a large waiting room with skylights and two reception desks.
    • Includes two doctor's offices with private restrooms.
    • Contains a lead‑lined x‑ray room.
    • Offers approximately 566 SF of dedicated storage space.

    Overview

    This is a premier six-exam room medical suite located in the Medical Arts Two building on Towne Centre Road, situated between Tittabawassee Road and Schust Road. The 3rd-floor suite, with just under 5,000 square feet, is immediately available and ready for occupancy. It features a large waiting room with skylights, two reception desks, a professional and updated appearance, and vinyl plank flooring. The layout includes multiple staff work areas and two doctor's offices, each with private restrooms. The suite benefits from ample natural light and commanding views. Additional amenities include a staff break room with a kitchenette, a lead-lined x-ray room, and multiple restrooms for both patients and staff. Approximately 566 square feet of dedicated storage space is available in the common basement area. The suite is accessible via two elevators in the hallway. The association fee is approximately $2,552 per month, and the tenant is responsible for real estate taxes in addition to the rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kent Biddinger Physician Richard Korbein Physician Nicholas Seliskar Physician Tiffany L. Wirtz, ... Physician Jamie Simmons Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cole Veterinary Hospital — 2615 Schust Rd, Saginaw, MI 48603
    • Peters J L DVM — 2615 Schust Rd, Saginaw, MI 48603, United States
    • Cole Veterinary Hospital: Wendt J E DVM — 2615 Schust Rd, Saginaw, MI 48603
    • Cole Veterinary Hospital: Zorn M M DVM — 2615 Schust Rd, Saginaw, MI 48603
    • Us Govt VA — 4200 Fashion Square Blvd, Saginaw, MI 48603

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.9652
    Latitude
    43.4756

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    FAQs

    What type of property is this?
    Medical Office Space - Premier medical suite available for rent in Saginaw, Michigan.
    Where is this medical office space located?
    The property is located at 4701 Towne Centre Road 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: Premier six‑exam room medical suite immediately available.; Located in the prestigious Medical Arts Two building.; Features a large waiting room with skylights and two reception desks.
    (989) 295-0353 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gretchen Witherspoon,SIOR,CCIM
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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