Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    833 N Saginaw Blvd Saginaw, TX 76179

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Redevelopment opportunity or absolute net lease investment in Saginaw.

    Type:Retail
    Property size:
    14,700 SF
    Added:
    Sep 5, 2024
    Days on Market:
    593
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 833 N Saginaw Blvd

    General Information

    Standard status
    Active
    Size
    14,700 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Eddie Wiewel

    Listing agent Eddie Wiewel License #TX 0775025

    Listing office Rohter & Company

    Listing date Sep 5, 2024

    Source Crexi

    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 Rohter & Company

    Overview

    Saginaw Retail Redevelopment Opportunity

    This retail property, located on Saginaw Blvd in Saginaw, Texas, presents a redevelopment opportunity or an absolute net lease investment. The property is occupied by a national brand tenant, Walgreens, and features a lease structure with no landlord responsibilities. The property is positioned directly on a main street. The property size is 14700 square feet. Seller-financing is available. Leases, survey, store-sales etc will be provided upon request by listing agent. Buyer & Buyer's Agent to verify all information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • NuYouProducts — 500 nathan st, saginaw, tx 76179
    • Saginaw City Pharmacy — 200 W J Boaz Rd, Saginaw, TX 76179
    • Ralph Cano — 833 N Saginaw Blvd, Saginaw, TX 761791234
    • Marlise Coulon — 833 N Saginaw Blvd, Saginaw, TX 761791234
    • Gregory Okeke — 833 N Saginaw Blvd, Saginaw, TX 761791234

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Tarrant
    State
    Texas
    Longitude
    -97.374632
    Latitude
    32.8714565

    Nearby Similar for Sale

    • $4,800,000

      New Retail Center in Saginaw

      New retail center with high visibility and traffic.
      325 N Saginaw Boulevard, Saginaw, TX 76179
      View Details
    • $1,000,000

      Saginaw Retail/Automotive Opportunity

      Three lots with multiple buildings, ideal for retail or automotive.
      213 N Saginaw Boulevard, Saginaw, TX 76179
      View Details
    • $1,310,000

      Remodeled Office-Warehouse Facility in Saginaw

      Versatile office and warehouse space with modern amenities.
      132 W Mcleroy Boulevard, Saginaw, TX 76179
      View Details
    • $6,000,000

      Retail Redevelopment or NNN Investment

      Retail property in Saginaw, TX, with redevelopment potential or NNN investment.
      833 N Saginaw Boulevard, Saginaw, TX 76179
      View Details
    • $596,000

      Saginaw Fourplex Investment Opportunity

      Meticulously maintained fourplex in rapidly growing Saginaw, Texas.
      305 Cambridge Drive, Saginaw, TX 76179
      View Details
    • $5,500,000
      14,700 SF

      Retail Redevelopment or NNN Investment

      Retail property in Fort Worth submarket with redevelopment potential.
      833 N Saginaw Boulevard, Saginaw, TX 76179
      View Details
    • $130,000
      1,000 SF

      Turnkey Restaurant with FF&E Included

      Restaurant for sale, fully equipped and ready for operation.
      1029 N Saginaw Blvd F5, Saginaw, TX 76179
      View Details
    • Contact for pricing
      2,805 SF

      Saginaw Drive-Thru Restaurant Opportunity

      Second-generation drive-thru QSR with easy highway access.
      1212 S Blue Mound Road, Saginaw, TX
      View Details
    • Contact for pricing
      1,526,040 SF

      Saginaw TX Rail-Served Development

      Rail-served development opportunity near I-820 and I-35W intersection.
      1300 Jarvis Rd, Saginaw, TX
      View Details
    • Contact for pricing
      6,000 SF

      Modern Industrial Buildings Near Airport

      Prime location with modern warehouses, ideal for distribution companies.
      1051 Kennedy Ln, Saginaw, TX 76131
      View Details
    • $44,485,230
      321,193 SF

      Saginaw Warehouse with Truck Court

      321,193 SF warehouse featuring truck court and ample parking.
      361 E Mcleroy Blvd, Saginaw, TX
      View Details
    • Contact for pricing
      3,119 SF

      Saginaw Office Space Available

      Office space for sale in Saginaw, Texas, totaling 3,119 SqFt.
      820 Towne Ct., Saginaw, TX 76179
      View Details

    FAQs

    What type of property is this?
    Drug store - Redevelopment opportunity or absolute net lease investment in Saginaw.
    Where is this drug store located?
    The property is located at 833 N Saginaw Blvd Saginaw, TX.
    What are key features of this property?
    This property features: Absolute net lease investment with national brand tenant (Walgreens).; Strong store sales.; DFW redevelopment opportunity.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eddie Wiewel
    Real Estate License ID: TX 0775025
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!