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    5820 Gratiot Ave Saginaw, MI 48638

    • Office Properties & Spaces
    • 7,706 SF
    • 1.04 lot acres
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 5820 Gratiot Ave

    Lot size
    1.04 lot acres
    Property size
    7,706 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.0306
    Latitude
    43.4161

    Comparable in this City

    • Value Estimation by Request
      0.66 Acres

      5655 Gratiot Rd

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    • Value Estimation by Request

      4880 Gratiot Beef

      Restaurants
      4880 Gratiot Beef, Saginaw, MI 48638
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      0.49 Acres

      900 Center Rd

      Land • 0.49 Acres
      900 Center Rd, Saginaw, MI 48638
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    • Value Estimation by Request
      1,505 SF

      220 Center Rd

      Restaurants • 1,505 SF
      220 Center Rd, Saginaw, MI 48638
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    • Value Estimation by Request

      4884 Gratiot Rd

      Office Properties & Spaces
      4884 Gratiot Rd, Saginaw, MI 48638
      View Details
    • Value Estimation by Request

      4884 Gratiot Rd

      Individual retail properties
      4884 Gratiot Rd, Saginaw, MI 48638
      View Details

    Similar Nearby for Sale

    • $499,000
      1.04 Acres

      Saginaw Township Medical Office

      Prime Medical/Commercial Office Building
      5820 Gratiot Ave, Saginaw, MI 48638
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    • $1,485,000
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      Saginaw Medical Office Building

      10,110 SF Medical Office, $1.485M
      33 White Tail Creek Rd, Saginaw, MI 48638
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      Saginaw Medical Office Space

      Prime Saginaw location, 2748 sq ft.
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    • $95,000
      0.66 Acres

      Saginaw Commercial Land - $95,000

      0.66-acre lot, high visibility location.
      5655 Gratiot Rd, Saginaw, MI 48638
      View Details
    • $1,750,000
      1.60 Acres

      Prime Saginaw Retail Space

      11,114 SF Vacant Storefront, $1.75M
      5050 Gratiot Rd, Saginaw, MI 48638
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    • Contact for pricing
      0.49 Acres

      Saginaw Commercial Land - $29,900

      Half-acre development parcel in Saginaw. Prime location, reduced price.
      900 Center Rd, Saginaw, MI 48638
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,505 SF

      Saginaw Retail/Office Space

      Prime Saginaw location, 1,505 sq ft.
      220 Center Rd, Saginaw, MI 48638
      View Details
    • $9 SF/Yr
      1,333 SF

      Saginaw Retail/Office Space For Lease

      1333 sq ft, Single Tenant, Great Location
      4884 Gratiot Rd, Saginaw, MI 48638
      View Details
    • Contact for pricing
      50,100 SF

      Westwood Plaza Retail Center

      Saginaw, MI: High-traffic retail space available.
      5825 Brockway Rd, Saginaw, MI 48638
      View Details
    • $2,000 /Mo

      Office Space For Lease

      2774 sqft upper floor office space available for lease.
      1982 Hemmeter Rd, Saginaw, MI 48638
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    • $1,000 /Mo
      1,333 SF

      Gratiot Place Retail/Office Space

      Retail or office space available in Saginaw Township.
      4880 Gratiot Rd, Saginaw, MI 48638
      View Details
    • $14 SF/Yr
      3,000 SF

      Corner Office Building For Rent

      Office space with reception, offices, kitchen, restrooms, conference room.
      55 Harrow Ln, Saginaw, MI 48638
      View Details
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    Saginaw, MI 48638
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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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