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    2258 Tittabawassee Rd Saginaw, MI 48604

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    197,703 SF community center in Saginaw, Michigan for sale.

    Type:Retail
    Property size:
    197,703 SF
    Price / SF:
    $53/SF
    Added:
    Jul 31, 2024
    Days on Market:
    646
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 2258 Tittabawassee Rd

    General Information

    Standard status
    Active
    Size
    197,703 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Russ Bono

    Listing agent Russ Bono License #MI 6501380200

    Listing office CBRE

    Listing date Jul 31, 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 CBRE

    HighLights

    • Prime retail location at the corner of Tittabawassee Rd and I‑675 in Saginaw, MI.
    • 197,703 square foot community center.
    • Serves as a main retail hub for eastern mid Michigan, attracting customers from Bay City and Midland.
    • Impressive tenant line‑up.
    • Shadow anchored by a strong performing Lowe’s.
    • History of stable cash flows and success in the Saginaw market.

    Overview

    Bay Valley Shopping Center

    Bay Valley Shopping Center, a 197,703 square foot community center, is available for acquisition. Situated at the corner of Tittabawassee Rd and I - 675 in Saginaw, MI, it serves as one of the main retail hubs in eastern mid Michigan, attracting customers from neighboring cities such as Bay City and Midland. The property is located in a prime retail area with a strong tenant lineup and minimal retail competition, and is shadow anchored by a high-performing Lowe’s. Historically, Bay Valley Shopping Center has been a premier retail destination in the area. The property benefits from its real estate fundamentals and location in the market, utilizing the community center concept. The shopping center has a history of success in the Saginaw Market and offers stable cash flows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Installation Services General Contractor Lowe's Garden Center Garden Center Minute Key Locksmith Primo Water Exchange Big Box & Wholesale Store Lowe's Home Improvement Building Supply

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply 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

    • Sunglass Hut at Macy's — 4750 Fashion Square Blvd, Saginaw, MI 48604
    • Coin Cloud Bitcoin ATM — 4787 Fashion Square Mall, Saginaw, MI 48604
    • Fashion Square West — 4695 Bay Rd, Saginaw, MI 48604
    • Fashion Square Mall — 4865 Fashion Square Mall, Saginaw, MI 48604
    • Fashion Corners — 4328-4460 Bay Rd, Saginaw, MI 48603

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.962529
    Latitude
    43.480415

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    FAQs

    What type of property is this?
    Shopping center - 197,703 SF community center in Saginaw, Michigan for sale.
    Where is this shopping center located?
    The property is located at 2258 Tittabawassee Rd Saginaw, MI.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Prime retail location at the corner of Tittabawassee Rd and I‑675 in Saginaw, MI.; 197,703 square foot community center.; Serves as a main retail hub for eastern mid Michigan, attracting customers from Bay City and Midland.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Russ Bono
    Real Estate License ID: MI 6501380200
    Learn More
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    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.

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    2258 Tittabawassee Rd, Saginaw, MI 48604
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