Multi-Suite Office Building with Private
For Sale
Contact for pricing
8200 S Saginaw Street 500, Grand Blanc, MI 48439
Six-suite office building along Saginaw Road, each with a private entrance, fully leased to long-term tenants.
Property Size12,024 SF
Price / SF$182.97
Days on Market375
Property Features for 8200 S Saginaw Street 500
General Information
Standard status
Active
Size
12,024 SF
Property subtype
Office, Mixed Use
Occupancy
100%
Net Operating Income
$1.00
Additional Details
Office Units
6
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
(810) 845-1111
Listed By:
Julie Wyland · License #MI 6501425953
Source:
Crexi
Added: Jul 31, 2025
Changed: Aug 8
Last Checked: Jul 23 at 6:10AM
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 Berkshire Hathaway HomeServices Michigan Real Estate Grand Blanc
Investment Insights
Based on property information with market context.
This for-sale office property consists of six individually leased suites within a well-maintained building totaling 12,024 square feet. Each suite is configured with its own private entrance, giving tenants separate access and operational flexibility. The current arrangement provides a multi-tenant setup rather than a single-tenant layout.
The building is located at 8200 S Saginaw Street in Grand Blanc, along Saginaw Rd, a major commercial corridor. Its positioning supports convenient day-to-day access for tenant traffic from the surrounding area.
For investors or owner-operators seeking a steady, multi-tenant configuration, the property is currently fully leased, with all six suites occupied by long-term, established tenants. For businesses considering space, the private suite entrances can support a more independent customer or staff arrival experience compared with shared main entries, while remaining within a building designed for multiple tenants.
The building is located at 8200 S Saginaw Street in Grand Blanc, along Saginaw Rd, a major commercial corridor. Its positioning supports convenient day-to-day access for tenant traffic from the surrounding area.
For investors or owner-operators seeking a steady, multi-tenant configuration, the property is currently fully leased, with all six suites occupied by long-term, established tenants. For businesses considering space, the private suite entrances can support a more independent customer or staff arrival experience compared with shared main entries, while remaining within a building designed for multiple tenants.
Key Highlights
- Six individual office suites in one building, each with a private entrance
- All six suites are currently leased to long‑term tenants
- Commercial office property built in 1999
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
$132,461
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
6.02%
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%
$2,649,220
$2.6M
Cap Rate 7%
$1,892,300
$1.9M
Cap Rate 9%
$1,471,789
$1.5M
Market Conditions
NOI Build-Up for 12,024 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
$204.9K $17.04/SF
− Vacancy
−$28.3K −$2.35/SF
EGI
$176.6K $14.69/SF
− OpEx
−$44.2K −$3.67/SF
NOI
$132.5K $11.02/SF
Area
Genesee County, MI
Vacancy
13.80%
Lease Rate
$17.04 /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%
$2,649,220
Cap Rate 7%
$1,892,300
Cap Rate 9%
$1,471,789
Alternative Uses
Best Use
Office B
$1.89M
$1.66M – $2.21M
NOI $132,461 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,112 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
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 units - Six-suite office building along Saginaw Road, each with a private entrance, fully leased to long-term tenants.
Where is this office units located?
The property is located at 8200 S Saginaw Street 500 Grand Blanc, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Six individual office suites in one building, each with a private entrance; All six suites are currently leased to long‑term tenants; Commercial office property built in 1999
