Retail Property with Fitness
For Sale
Contact for pricing
608 S Saginaw Blvd, Saginaw, TX 76179
Modern freestanding retail asset occupied by Planet Fitness along Saginaw’s primary retail corridor.
Property Size20,000 SF
Price / SF$215
Days on Market179
Property Features for 608 S Saginaw Blvd
General Information
Standard status
Active
Size
20,000 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Cap Rate
6.8%
Building Details
Year Built
2021
Units
1
Tenancy
Single
Listing Agency:
GO Real Estate
Listed By:
Ahmed Omar · License #0677126
Source:
Crexi
Added: Apr 21
Changed: Oct 1
Last Checked: Oct 14 at 7:53PM
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 GO Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail property was constructed in 2021 and contains approximately 20,000 SF. The building is 100% leased to Planet Fitness, providing an established fitness use within a purpose-built commercial structure.
Located at 608 S Saginaw Blvd in Saginaw, Texas, the property sits along the community’s primary retail corridor and serves the Saginaw area as well as the broader North Fort Worth and Alliance growth corridor. The asset carries a 6.8% cap rate and combines a national fitness tenant with modern construction.
Located at 608 S Saginaw Blvd in Saginaw, Texas, the property sits along the community’s primary retail corridor and serves the Saginaw area as well as the broader North Fort Worth and Alliance growth corridor. The asset carries a 6.8% cap rate and combines a national fitness tenant with modern construction.
Key Highlights
- Approximately 20,000 SF freestanding retail property
- Built in 2021
- 100% leased to Planet Fitness
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$321,471
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,429,420
$6.4M
Cap Rate 7%
$4,592,443
$4.6M
Cap Rate 9%
$3,571,900
$3.6M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$482.4K $24.12/SF
− Vacancy
−$23.2K −$1.16/SF
EGI
$459.2K $22.96/SF
− OpEx
−$137.8K −$6.89/SF
NOI
$321.5K $16.07/SF
Area
ZIP 76179
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,429,420
Cap Rate 7%
$4,592,443
Cap Rate 9%
$3,571,900
Alternative Uses
Best Use
Retail
$4.59M
$4.02M – $5.36M
NOI $321,471 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$23.87M
$20.89M – $27.85M
NOI $1,670,811 @ 7.0% cap · market cap 38.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Modern freestanding retail asset occupied by Planet Fitness along Saginaw’s primary retail corridor.
Where is this retail space located?
The property is located at 608 S Saginaw Blvd Saginaw, TX.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Approximately 20,000 SF freestanding retail property; Built in 2021; 100% leased to Planet Fitness
