Marriott-Branded Extended-Stay
For Sale
Contact for pricing
5230 CARDINAL SQ BLVD, Saginaw, MI
Three-story lodging property with an indoor pool, fitness room, guest laundry, and courtyard.
Property Size55,361 SF
Lot Size2.30 Acres
Price / SF$149.84
Days on Market10
Property Features for 5230 CARDINAL SQ BLVD
General Information
Standard status
Active
Size
55,361 SF
Class
B
Total Parking Spaces
80
Lot size
2.30 Acres
Property subtype
Hospitality
Zoning
B-2
Investment Type
Core+
Additional Details
Highway Access
Yes
Amenities
indoor pool
hot tub/spa
fitness room
guest laundry
breakfast room
business center
sundry shop
billiards room
courtyard
Building Details
Year Built
2005
Buildings
1
Stories
3
Units
68
Listing Agency:
Sarhan Hotel Group
(888) 737-2264
Listed By:
Aaron Lin · License #02094916
Source:
Crexi
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 3:13AM
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 Sarhan Hotel Group
Investment Insights
Based on property information with market context.
Built in 2005, this Marriott-branded extended-stay hotel contains 68 rooms across three stories and 55,361 square feet. The interior-corridor property sits on a 2.3-acre site with 80 parking spaces and is zoned B-2. Guest amenities include an indoor pool, hot tub and spa, fitness room, laundry facility, breakfast room, business center, sundry shop, billiards room, and courtyard.
The hotel is located near Tittabawassee Road, Bay Road, I-675, and I-75, providing access to the Great Lakes Bay Region. Its operating profile is designed for extended visits, with accommodations and shared facilities suited to longer-stay lodging. The property is identified as a Residence Inn by Marriott and serves as a dedicated extended-stay lodging asset in Saginaw Township’s commercial corridor.
The hotel is located near Tittabawassee Road, Bay Road, I-675, and I-75, providing access to the Great Lakes Bay Region. Its operating profile is designed for extended visits, with accommodations and shared facilities suited to longer-stay lodging. The property is identified as a Residence Inn by Marriott and serves as a dedicated extended-stay lodging asset in Saginaw Township’s commercial corridor.
Key Highlights
- 68‑room Residence Inn by Marriott extended‑stay hotel
- 55,361‑square‑foot, three‑story interior‑corridor property built in 2005
- Situated on 2.3 acres with 80 parking spaces
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
$305,460
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
3.68%
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%
$6,109,200
$6.1M
Cap Rate 7%
$4,363,714
$4.4M
Cap Rate 9%
$3,394,000
$3.4M
Market Conditions
NOI Build-Up for 55,361 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
$730.8K $13.20/SF
− Vacancy
−$87.7K −$1.58/SF
EGI
$643.1K $11.62/SF
− OpEx
−$337.6K −$6.10/SF
NOI
$305.5K $5.52/SF
Area
Saginaw County, MI
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
52.50%
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%
$6,109,200
Cap Rate 7%
$4,363,714
Cap Rate 9%
$3,394,000
Alternative Uses
Best Use
Hotel Hospitality
$4.36M
$3.82M – $5.09M
NOI $305,460 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.23M
$8.95M – $11.93M
NOI $715,984 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story lodging property with an indoor pool, fitness room, guest laundry, and courtyard.
Where is this hotel located?
The property is located at 5230 CARDINAL SQ BLVD Saginaw, MI.
What is the asking price?
The asking price for this property is $8,295,453.
What are key features of this property?
This property features: 68‑room Residence Inn by Marriott extended‑stay hotel; 55,361‑square‑foot, three‑story interior‑corridor property built in 2005; Situated on 2.3 acres with 80 parking spaces
