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    Property profile & analytics

    3397 King Rd Saginaw, MI 48601

    • Commercial real estate
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0687412
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3397 King Rd

    Lot size
    1.11 lot acres
    Property type
    Commercial real estate
    APN
    09115043036000

    Description

    This exceptional 1.11-acre residential lot, located at 3397 King Rd in Saginaw, Michigan (zip code 48601), presents a unique opportunity for building a new home. Situated in Saginaw County, this property boasts a desirable residential zoning designation, allowing for the construction of a single-family dwelling. The lot's size provides ample space for a house and landscaping. While previously occupied by a home, remnants of a partial driveway remain. The property has recently undergone reclassification, and the winter tax amount listed is an estimate. The parcel number is 09115043036000. The asking price for this prime piece of land is $13,000, translating to approximately $18,018 per acre. Buyers are encouraged to conduct their own due diligence regarding taxes and utilities. This is a fantastic opportunity to create your ideal living space in a convenient Saginaw location. Don't miss out on this chance to build your dream home on this spacious lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.8884539
    Latitude
    43.3796837

    Comparable in this City

    • Contact for pricing
      16.00 Acres

      Dixie Highway Commercial Land

      Saginaw, MI: 20 acres, prime location
      5151 Dixie Hwy, Saginaw, MI 48601
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    • Contact for pricing

      Saginaw Land: Four Lots, R-1 Zoning

      Four vacant lots, ¾ acre, prime location.
      2009 Holland Ave, Saginaw, MI 48601
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    • $149,000
      1.15 Acres

      Saginaw Commercial Land Investment

      High-traffic retail site, excellent visibility.
      5543 Dixie Ct, Saginaw, MI 48601
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    • $109,000
      2,569 SF

      Saginaw Fourplex Investment Opportunity

      Vacant fourplex with separate units near downtown Saginaw.
      3006 Douglass St, Saginaw, MI 48601
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    • $95,000

      Updated Buena Vista Multifamily Property

      Two-unit multifamily property in Buena Vista, currently fully occupied.
      3143-3145 Walters Dr, Saginaw, MI 48601
      View Details
    • New
      $86,000
      1,800 SF

      Saginaw Multi-Family Investment Opportunity

      Brick multi-family home with two 2-bedroom units and a basement.
      544 S 13Th St, Saginaw, MI 48601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16.00 Acres

      Dixie Highway Commercial Land

      Saginaw, MI: 20 acres, prime location
      5151 Dixie Hwy, Saginaw, MI 48601
      View Details
    • Contact for pricing

      Saginaw Land: Four Lots, R-1 Zoning

      Four vacant lots, ¾ acre, prime location.
      2009 Holland Ave, Saginaw, MI 48601
      View Details
    • $149,000
      1.15 Acres

      Saginaw Commercial Land Investment

      High-traffic retail site, excellent visibility.
      5543 Dixie Ct, Saginaw, MI 48601
      View Details
    • $109,000
      2,569 SF

      Saginaw Fourplex Investment Opportunity

      Vacant fourplex with separate units near downtown Saginaw.
      3006 Douglass St, Saginaw, MI 48601
      View Details
    • $95,000

      Updated Buena Vista Multifamily Property

      Two-unit multifamily property in Buena Vista, currently fully occupied.
      3143-3145 Walters Dr, Saginaw, MI 48601
      View Details
    • New
      $86,000
      1,800 SF

      Saginaw Multi-Family Investment Opportunity

      Brick multi-family home with two 2-bedroom units and a basement.
      544 S 13Th St, Saginaw, MI 48601
      View Details

    Similar Nearby for Lease

    • $0.23 SF/Yr
      1 SF

      Saginaw County Executive Office Space

      Prime 3-acre office land for lease.
      1114 Outer Dr, Saginaw, MI 48601
      View Details
    • $8 SF/Yr
      12,000 SF

      Saginaw Industrial Build-to-Suit

      Two 12,000 SF Industrial Buildings
      2855 Nodular Dr, Saginaw, MI 48601
      View Details
    • Contact for pricing
      15,000 SF

      Saginaw Retail Space For Lease

      15,000 SF Retail Building, High Traffic Area
      3424 Genesee Ave, Saginaw, MI 48601
      View Details
    • $1,345 /Mo

      Corner Commercial Land for Rent

      Corner lot available for rent with high traffic volume.
      2818 E Holland Ave, Saginaw, MI 48601
      View Details
    • $8 SF/Yr
      12,000 SF

      12,000 SF Build-to-Suit Warehouse

      Saginaw County industrial space, build-to-suit.
      3495 Hack Rd, Saginaw, MI 48601
      View Details
    • $8 SF/Yr
      2,000 SF

      Buena Vista Office: Prime Location

      2,000 SF Office Space, I-75 Access
      4375 Holland Rd, Saginaw, MI 48601
      View Details
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    3397 King Rd
    Saginaw, MI 48601
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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.

    More about this property
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