Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1700 James Savage Rd Midland, MI 48642

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

    Flex/industrial spaces available for lease in Midland, Michigan.

    Type:Industrial
    Property size:
    13,080 SF
    Added:
    Mar 12, 2024
    Days on Market:
    764
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 1700 James Savage Rd

    General Information

    Standard status
    Active
    Size
    13,080 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 1700 James Savage Rd Contact us

    $8 /Mo

    Size
    13,080 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Gretchen Witherspoon

    Listing agent Gretchen Witherspoon License #MI 6501316390

    Listing office Trademark Commercial Group

    Listing date Mar 12, 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 Trademark Commercial Group

    Overview

    Midland Flex/Industrial Space Available

    Flex and industrial spaces are available for lease. Unit 7 offers 13,080 square feet of shop space, including an overhead door, offices, and two restrooms. Additional spaces include Unit 13 with 29,521 square feet and Unit 8 with 43,552 square feet. The total space available is up to 86,000 square feet. The property is located across the street from DuPont, Dow, Xalt Energy, and other businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDI Engineering Solutions, ... Engineering Consultant ATM Atm

    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
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.206577
    Latitude
    43.610165

    Nearby Similar for Lease

    • Contact for pricing

      Office Space with Utilities Included

      Office space featuring three separate offices with utilities included.
      5103 Eastman, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space in Midland, MI

      Multiple office units available for rent in Midland, Michigan.
      720 W Wackerly, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space in Midland, MI

      Multiple office units available for rent in Midland, Michigan.
      720 W Wackerly, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space For Rent

      Second floor office space available near elevator in Midland.
      5103 Eastman, Midland, MI 48640
      View Details
    • Contact for pricing

      Midland Office Space For Rent

      Second floor office space available in Midland, Michigan.
      5103 Eastman, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space in Midland, MI

      Second floor office space available for rent in Midland.
      5103 Eastman, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space in Midland, MI

      Office space for rent in Midland, Michigan, 336 square feet.
      5103 Eastman, Midland, MI 48640
      View Details
    • Contact for pricing

      Office Space in Midland, MI

      Second floor office space available near elevator in Midland.
      5103 Eastman, Midland, MI 48640
      View Details
    • $15/mo

      Unique Pyramid-Shaped Office Building

      Exceptional 5,071 SF office space near Northwood University.
      4300 W Sugnet Rd, Midland, MI
      View Details
    • $13/mo

      Clinical/Medical Office Suite For Rent

      Clinical/medical office suite with open floor plan and closed offices.
      2520 W WACKERLY ST, Midland, MI
      View Details
    • $15/mo

      Midland Office Space For Lease

      Office space for lease in Midland, near US-10.
      1320 Waldo Ave, Midland, MI
      View Details
    • Contact for pricing

      Midland Office/Showroom Space Available

      Office/showroom space for lease near Dow and XALT Energy.
      1821 Austin St, Midland, MI
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/industrial spaces available for lease in Midland, Michigan.
    Where is this flex space located?
    The property is located at 1700 James Savage Rd Midland, MI.
    What are key features of this property?
    This property features: Shop space available: 13,080 SF in Unit 7; Additional space available: Unit 13 (29,521 SF) and Unit 8 (43,552 SF); Total space available: Up to 86,000 SF
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gretchen Witherspoon
    Real Estate License ID: MI 6501316390
    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!