Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5655 Gratiot Rd Saginaw, MI 48638
    Property profile & analytics

    5655 Gratiot Rd, Saginaw, MI 48638

    View on Map
    • Land
    • 0.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5655 Gratiot Rd

    Lot size
    0.66 lot acres
    Property type
    Land

    Description

    This exceptional 0.66-acre commercial land parcel presents a compelling investment opportunity in Saginaw, Michigan. Strategically located on the corner of M-46 (Gratiot Road) and Frost Road, this property boasts 166 feet of frontage on the highly trafficked Gratiot Road, ensuring maximum visibility for any future development. The property is zoned B-1, offering a range of potential uses. The asking price is $95,000, but the owner is also open to a build-to-suit arrangement with a long-term lease, providing flexibility for potential buyers or tenants. This prime location is surrounded by medical and professional office buildings, indicating a strong and established commercial area. The property's address is 5655 Gratiot Road, Saginaw, MI 48638, and its parcel number is cpixtax. This is an excellent opportunity to acquire a well-situated commercial lot in a thriving Saginaw neighborhood. The property's high visibility and desirable zoning make it ideal for a variety of commercial ventures. Consider the potential for significant return on investment in this prime location.

    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
    -84.0278
    Latitude
    43.4152

    Comparable in this City

    • Value Estimation by Request
      1.04 Acres

      5820 Gratiot Ave

      Medical Office Space
      5820 Gratiot Ave, Saginaw, MI 48638
      View Details
    • Value Estimation by Request

      4880 Gratiot Beef

      Restaurants
      4880 Gratiot Beef, Saginaw, MI 48638
      View Details
    • Value Estimation by Request
      0.49 Acres

      900 Center Rd

      Land
      900 Center Rd, Saginaw, MI 48638
      View Details
    • Value Estimation by Request
      0.46 Acres

      1026 Ctr Rd

      COMMERCIAL (GENERAL)
      1026 Ctr Rd, Saginaw, MI 48638-6338
      View Details
    • Value Estimation
      $5,050,000
      50,450 SF

      5825 Brockway Rd

      COMMERCIAL (GENERAL)
      5825 Brockway Rd, Saginaw, MI 48638-4474
      View Details
    • Value Estimation by Request
      2,966 SF

      4790 Gratiot Rd

      COMMERCIAL (GENERAL)
      4790 Gratiot Rd, Saginaw, MI 48638-6242
      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
      View Details
    • $525,000

      Saginaw Restaurant - Turnkey Opportunity

      Established Restaurant, Excellent Cash Flow
      4880 Gratiot Beef, Saginaw, MI 48638
      View Details
    • Contact for pricing
      0.36 Acres

      Residential Land in Established Neighborhood

      Vacant land in a semi-gated Saginaw neighborhood with mature trees.
      80 Deer Trl, Saginaw, MI 48638
      View Details
    • Contact for pricing
      0.43 Acres

      Residential Land in Foxwood

      Vacant land in a semi-gated Saginaw neighborhood.
      74 Foxwood Dr, Saginaw, MI 48638
      View Details
    • Contact for pricing
      1 SF

      Commercial Outlot For Sale

      Approximately 1.7 acre commercial outlot available for sale.
      5825 Brockway Rd, Saginaw, MI 48638
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing

      Gratiot Rd Retail/Office Space

      2,048 SF space available for lease on Gratiot Rd.
      4882 Gratiot Rd, Saginaw, MI 48638
      View Details
    • Contact for pricing

      Storefront Retail/Office Space Available

      Storefront retail/office space in Saginaw Township.
      220 N Center Rd, Saginaw, MI 48638
      View Details
    • Contact for pricing

      Retail Space in Westwood Plaza

      Shadow-anchored strip center with national co-tenants, high-traffic location.
      5901 Brockway Rd, Saginaw, MI 48638
      View Details
    • Contact for pricing
      2,048 SF

      Retail Space on Gratiot Road

      2144 SF retail space available for lease.
      4882 Gratiot Rd, Saginaw, MI 48638
      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.
    5655 Gratiot Rd
    Saginaw, MI 48638
    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

    Thank You for Inquiry
    5655 Gratiot Rd, Saginaw, MI, 48638
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!