Saginaw Township Strip
33 White Tail Creek Rd Saginaw, MI 48638
33 White Tail Creek Rd, Saginaw, MI, 48638
Contact for pricing
For Sale
Contact for pricing
Newer strip center with professional, office, and medical tenants.
Property Size10,110 SF
Lot Size1.00 Acre
Price / SF$146.88
Days on Market771
Property Features for 33 White Tail Creek Rd
General Information
- Standard status
- Active
- Size
- 10,110 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office
Listing Agency
Trademark Commercial Group
(989) 792-2192
Listed by
Gretchen Witherspoon · License #MI 6501316390
Source
Crexi
Added: Jun 7, 2024 Checked: Jul 17 at 8:04 am
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 Trademark Commercial Group
Investment Insights
Based on property information with market context.
Located on Gratiot Road near Midland Road in Saginaw Township, this newer-built strip center consists of professional, office, and medical tenants. The property has a history of full occupancy. The site offers the potential to add more retail or offices due to available front parcels (at a separate cost). The rear property is zoned R-1A. The total property size is approximately 1 acre, part of a larger 53-acre parcel. A sketch shows front parcels available for development and rear parcels suitable for a residential housing development. Residential or multi-family developers, commercial, office, retail, or even fast-food businesses are welcome. Future planning and approvals will require Saginaw Township approval. The building size is 10,110 square feet.
Key Highlights
- 100% Occupancy Strip Center with Strong Rental History
- Prime Location on Gratiot Road near Midland Road in Saginaw Township
- Development Potential: Front Parcels Available for Additional Retail/Office Space (at separate cost)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.7k | $15.00 |
| − Vacancy | −$19.7k | −$1.95 |
| EGI | $131.9k | $13.05 |
| − OpEx | −$33.0k | −$3.26 |
| NOI | $99.0k | $9.79 |
10,110 SF · lease $15.00/SF/yr · vacancy 13.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $98,952 @ 7.0% cap · market cap 6.66%
Second Best
Retail
$1.08M
$941.3K – $1.26M
NOI $75,300 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,753 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Palmer
Physician
Hometown Foot and Ankle
Medical Clinic
Maple Leaf Counseling ...
Medical Clinic
Mi Health Physicians- ...
Physician
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FAQs
What type of property is this?
Strip mall - Newer strip center with professional, office, and medical tenants.
Where is this strip mall located?
The property is located at 33 White Tail Creek Rd Saginaw, MI.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: 100% Occupancy Strip Center with Strong Rental History; Prime Location on Gratiot Road near Midland Road in Saginaw Township; Development Potential: Front Parcels Available for Additional Retail/Office Space (at separate cost)
