Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3444 Davenport Ave Saginaw, MI 48602-3306

    • Commercial real estate
    • 2,221 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 10, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0931134
    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

    • Family Practice / Medical Clinic / Family Practice Physician
    • Dr. Amaning Sarkodie, MD. / Family Practice Physician
    • Erica Springer / Social Worker
    • Saginaw Urgent care Walk in Clinic / Urgent Care Center

    Property Details for 3444 Davenport Ave

    Year built
    1964
    Lot size
    0.26 lot acres
    Property size
    2,221 SF
    Zone code
    RO-1
    Property type
    Commercial real estate
    APN
    91-30-0-48-0000-000
    APU
    91300480000000

    Description

    This exceptional 2,221 square foot medical office building presents a fantastic opportunity for healthcare professionals. Situated on a prominent corner lot at the intersection of Davenport and Warwick in Saginaw County, this single-tenant property boasts high traffic counts and excellent visibility, ensuring strong patient flow. Completely renovated in 2022, the building features four well-appointed exam rooms, a spacious reception/lobby area, and a dedicated nurses' station. The layout is efficient and functional, designed to optimize workflow and patient experience. A full basement provides ample storage space, addressing the needs of a busy medical practice. Built in 1964 and extensively updated, the building is structurally sound and equipped with modern amenities. The property sits on a sizable 11,305 square foot lot, offering potential for future expansion or outdoor amenities. The Commercial Improved zoning allows for a variety of medical uses. This turnkey solution is ideal for established practices seeking to relocate or expand, or for new ventures looking for a ready-to-occupy space in a high-demand location. The one-story building is easily accessible and lacks elevators. This is a rare opportunity to acquire a well-maintained, high-visibility medical office building in a thriving Saginaw County location.

    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
    -83.9898
    Latitude
    43.4382
    CBSA code
    40980
    CBSA name
    SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,836
    $0.00
    $0.00
    $56,900
    -
    $0.00
    $0.00
    $113,800

    Comparable in this City

    • Value Estimation by Request

      1416 Ames St

      COMMERCIAL (GENERAL)
      1416 Ames St, Saginaw, MI 48602
      View Details
    • Value Estimation by Request

      3115 Mackinaw St

      COMMERCIAL (GENERAL)
      3115 Mackinaw St, Saginaw, MI 48602-3221
      View Details
    • Value Estimation by Request

      3115 Mackinaw St

      COMMERCIAL (GENERAL)
      3115 Mackinaw St, Saginaw, MI 48602-3221
      View Details
    • Value Estimation by Request
      10,756 SF

      110 Florence St

      COMMERCIAL (GENERAL) • 10,756 SF
      110 Florence St, Saginaw, MI 48602-1202
      View Details
    • Value Estimation by Request
      6,264 SF

      315 Ct St

      COMMERCIAL (GENERAL) • 6,264 SF
      315 Ct St, Saginaw, MI 48602-4208
      View Details
    • Value Estimation by Request
      6,400 SF

      908 Ct St

      COMMERCIAL (GENERAL) • 6,400 SF
      908 Ct St, Saginaw, MI 48602-4172
      View Details

    Similar Nearby for Sale

    • $31,065
      4.14 Acres

      Saginaw Industrial Land - 4.14 Acres

      Prime Saginaw industrial land, ideal for development.
      1700 Michigan Ave, Saginaw, MI 48602
      View Details
    • $149,900

      Historic Church - Saginaw, MI

      Unique 2,774 sq ft church; investment opportunity.
      1214 Michigan Ave, Saginaw, MI 48602
      View Details
    • $150,000

      Saginaw Industrial Land - $150K

      Prime Saginaw development parcel; M-2 zoning.
      1510 Salt St, Saginaw, MI 48602
      View Details
    • $249,500
      2,456 SF

      Saginaw Medical Office Building

      Prime Medical Office, Excellent Location
      1236 Michigan Ave, Saginaw, MI 48602
      View Details
    • $89,000
      0.39 Acres

      Commercial Land in Saginaw, MI

      High-visibility corner lot near schools and shopping.
      1455 Gratiot Ave, Saginaw, MI 48602
      View Details
    • $169,900
      4,679 SF

      Historic Commercial Building in Saginaw

      Historic commercial building with modern upgrades and flexible layout.
      827 N Michigan Ave, Saginaw, MI 48602
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      1,150 SF

      Downtown Saginaw Executive Office Space

      Executive office space in a prime downtown Saginaw location.
      100 S Michigan Ave, Saginaw, MI 48602
      View Details
    • $8 SF/Yr
      7,110 SF

      Office Building in Saginaw

      Office building for lease in Old Town Saginaw, Michigan.
      731 Gratiot Ave, Saginaw, MI 48602
      View Details
    • Contact for pricing
      14,920 SF

      Saginaw Cornerstone Property

      14,920 SF Freestanding Building, High Visibility
      409 Genesee Ave, Saginaw, MI 48602
      View Details
    • $8 SF/Yr
      4,552 SF

      Prime Office Building For Lease

      4,500 sq ft office building near hospital, shopping, dining.
      1226 N Michigan Ave, Saginaw, MI 48602
      View Details
    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.
    3444 Davenport Ave
    Saginaw, MI 48602-3306
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.