Office Units with
For Sale
$79,900
5190 SHERIDAN RD, Saginaw, MI 48601
Flexible office configuration with updated windows, electrical, and furnace, plus plumbing prepared for half-bathrooms.
Property Size840 SF
Lot Size0.49 Acres
Price / SF$95.12
Days on Market10
Property Features for 5190 SHERIDAN RD
General Information
Standard status
Active
Size
840 SF
Lot size
0.49 Acres
Property subtype
Industrial
Property Condition
Severity
Repairs Needed
Evidence
waiting to be finished to your needs
Amenities
86250
Building Details
Year Built
1962
Listing Agency:
NextHome Greater Tri-cities
(989) 239-7545
Listed By:
Coty Lewis · License #6505432312
(989) 239-7545
Source:
Xome
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 2:06PM
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 NextHome Greater Tri-cities
Investment Insights
Based on property information with market context.
This 840-square-foot office property offers a flexible layout that can function as one office or be divided into two units. The storefront includes updated windows, electrical improvements, and an updated furnace. Plumbing is prepared for a half-bathroom on each side, and a rear exit provides access to the exterior.
The property sits on 0.49 acres and includes two storage sheds. A newer parking lot provides ample on-site parking for office or sales-office operations. Built in 1962, the property presents a practical commercial setup with adaptable interior configuration and storage outside the main building.
The property sits on 0.49 acres and includes two storage sheds. A newer parking lot provides ample on-site parking for office or sales-office operations. Built in 1962, the property presents a practical commercial setup with adaptable interior configuration and storage outside the main building.
Key Highlights
- 840‑square‑foot office property with single- or two‑unit configuration
- Storefront with updated windows, electrical, and furnace
- Plumbing prepared for 1/2 bathroom on both sides
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
$6,256
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
7.83%
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%
$125,120
$125.1K
Cap Rate 7%
$89,371
$89.4K
Cap Rate 9%
$69,511
$69.5K
Market Conditions
NOI Build-Up for 840 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
$10.9K $12.96/SF
− Vacancy
−$1.9K −$2.32/SF
EGI
$8.9K $10.64/SF
− OpEx
−$2.7K −$3.19/SF
NOI
$6.3K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$125,120
Cap Rate 7%
$89,371
Cap Rate 9%
$69,511
Alternative Uses
Best Use
Office B
$117.5K
$102.8K – $137.0K
NOI $8,222 @ 7.0% cap · market cap 10.29%
Second Best
Retail
$89.4K
$78.2K – $104.3K
NOI $6,256 @ 7.0% cap · market cap 7.83%
Theoretical Best
Specialty Retail
$155.2K
$135.8K – $181.1K
NOI $10,864 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 48601, MI
32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
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?
Office units - Flexible office configuration with updated windows, electrical, and furnace, plus plumbing prepared for half-bathrooms.
Where is this office units located?
The property is located at 5190 SHERIDAN RD Saginaw, MI.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 840‑square‑foot office property with single- or two‑unit configuration; Storefront with updated windows, electrical, and furnace; Plumbing prepared for 1/2 bathroom on both sides
