Freestanding Office
For Sale
$450,000
6270 STATE Street, Saginaw, MI 48603
COMMERCIAL - Saginaw, MI
Property Size3,880 SF
Lot Size0.90 Acres
Price / SF$115.98
Days on Market361
Property Features for 6270 STATE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Saginaw Twp (73020)
Standard status
Active
APN
23124184115000
Size
3,880 SF
Lot size
0.90 Acres
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Ken Kujawa · License #6502333762
(989) 239-5581
Added: Aug 25, 2025
Changed: Aug 4
Last Checked: Aug 20 at 11:06PM
MLS# 50186301
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office building offers 3,880 square feet of space on a 0.9-acre lot, providing a dedicated setting for professional use. The property is positioned for straightforward occupancy and also supports scenarios where an owner-occupant or investor may benefit from the convenience of an office-focused asset.
Located at 6270 State Street in Saginaw, MI 48603, the building is presented as a high-visibility option along State Street with easy access for visitors and employees. The offering is described as having room to grow, reflecting an opportunity to expand use over time while maintaining a cohesive, single-building footprint.
For tenants or buyers seeking an office property in a standalone format, this asset’s size and location along a main roadway may simplify day-to-day operations and access. It is being offered for sale, with the property also presented as suitable for lease. Owner-occupants can consider the convenience of controlling their workspace, while investors may look at the building’s office configuration and prominent street presence as part of a broader portfolio strategy.
Located at 6270 State Street in Saginaw, MI 48603, the building is presented as a high-visibility option along State Street with easy access for visitors and employees. The offering is described as having room to grow, reflecting an opportunity to expand use over time while maintaining a cohesive, single-building footprint.
For tenants or buyers seeking an office property in a standalone format, this asset’s size and location along a main roadway may simplify day-to-day operations and access. It is being offered for sale, with the property also presented as suitable for lease. Owner-occupants can consider the convenience of controlling their workspace, while investors may look at the building’s office configuration and prominent street presence as part of a broader portfolio strategy.
Key Highlights
- Over 3,800 SF office building for sale or lease
- Situated on a 1.5‑acre lot along State Street
- Central air cooling
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
$37,976
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
8.44%
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%
$759,520
$759.5K
Cap Rate 7%
$542,514
$542.5K
Cap Rate 9%
$421,956
$422.0K
Market Conditions
NOI Build-Up for 3,880 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
$58.2K $15.00/SF
− Vacancy
−$7.6K −$1.95/SF
EGI
$50.6K $13.05/SF
− OpEx
−$12.7K −$3.26/SF
NOI
$38.0K $9.79/SF
Area
Saginaw County, MI
Vacancy
13.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$759,520
Cap Rate 7%
$542,514
Cap Rate 9%
$421,956
Alternative Uses
Best Use
Office B
$542.5K
$474.7K – $632.9K
NOI $37,976 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$716.9K
$627.3K – $836.3K
NOI $50,180 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
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 building - Office building for sale with strong visibility and easy access along State Street, suited for owner-occupants or investors.
Where is this office building located?
The property is located at 6270 STATE Street Saginaw, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Over 3,800 SF office building for sale or lease; Situated on a 1.5‑acre lot along State Street; Central air cooling
