Add Listing
    For Lease
    • 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

    308 S Washington Ave Saginaw, MI 48607

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

    Office space for lease in downtown Saginaw's Riverfront District.

    Type:Office
    Added:
    Jun 30, 2021
    Days on Market:
    1747
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 308 S Washington Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1963

    Spaces For Lease

    at 308 S Washington Ave Contact us

    Suite 1 $15 /Mo

    Size
    30,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Kenneth Kujawa

    Listing agent Kenneth Kujawa License #6502333762

    Listing office CENTURY 21 Signature Realty

    Listing date Jun 30, 2021

    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 CENTURY 21 Signature Realty

    Overview

    Downtown Saginaw Office Space Available

    This office space is available for lease on South Washington Avenue in the Riverfront District of downtown Saginaw. The property benefits from excellent visibility and a high traffic count. It is located next to SVRC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shaping Solutions Training Center tri-cities care, llc Home Health Care Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.939461
    Latitude
    43.430276

    Nearby Similar for Lease

    • $8/mo

      Office Building in Saginaw

      Office building for lease in Old Town Saginaw, Michigan.
      731 Gratiot Avenue, Saginaw, MI 48602
      View Details
    • Sponsored
      Contact for pricing

      MI, Saginaw - Fashion Square Blvd

      4200 Fashion Square Blvd, Saginaw, MI 48603
      View Details
    • $11/mo

      Retail Space on Gratiot Avenue

      Retail space available for lease in Saginaw, Michigan.
      806 Gratiot Avenue, Saginaw, MI, 48602
      View Details
    • Contact for pricing

      Saginaw Township Office/Lab Space

      2500 SF office/lab space available for lease in Saginaw.
      2795 Universal Drive, Saginaw, MI
      View Details
    • $15/mo

      Saginaw Executive Office Space

      Premier office space with conference room and kitchenette near I-675.
      4300 Fashion Square Blvd, Saginaw, MI
      View Details
    • $15/mo

      Kochville Township Office Suite

      Executive office suite in Kochville Township available for rent.
      5889 Bay Road, Saginaw, MI
      View Details
    • $7/mo

      Retail Space with Warehouse

      Large retail space with warehouse area for lease.
      3901 Bay Rd, Saginaw, MI
      View Details
    • Contact for pricing

      Office Space with Open Layout

      2,500 SF office space featuring open area and offices.
      3240 Christy Way, Saginaw, MI
      View Details
    • Contact for pricing

      Gratiot Place Retail/Office Space

      Retail or office space available in Saginaw Township.
      4880 Gratiot Rd, Saginaw, MI
      View Details
    • Contact for pricing

      Professional Office Space Available

      6,814 SF office space in Kochville Township for lease.
      5311 Hampton Pl, Saginaw, MI 48604
      View Details
    • Contact for pricing

      Fashion Square Boulevard Office Suite

      Four-office suite with restroom on Fashion Square Boulevard.
      3689 Fashion Square Blvd, Saginaw, MI
      View Details
    • Contact for pricing

      Executive Office Space For Lease

      Executive office space for lease on Fashion Square Boulevard.
      4449 Fashion Square Blvd, Saginaw, MI
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in downtown Saginaw's Riverfront District.
    Where is this office units located?
    The property is located at 308 S Washington Ave Saginaw, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility due to location on South Washington.; High traffic count area.; Located in the Riverfront District of downtown Saginaw.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kenneth Kujawa
    Real Estate License ID: 6502333762
    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!