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    Property profile & analytics

    4884 Gratiot Rd Saginaw, MI 48638

    • Retail properties
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Back In Motion Rehab LLC / Physical Therapist / Occupational Therapist
    • Emil Rummel Insurance Agency Inc / Auto Insurance Agency / Health Insurance Agency
    • Carolanne Killmer School of Dance / Dance School
    • A Place for Grace Child Care / Child Care Agency
    • A Place For Grace - Teen Center / Day Care Center

    Property Details for 4884 Gratiot Rd

    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 1,333 square foot retail and office space is ideally situated in Saginaw, Michigan, at the prominent intersection of Gratiot Road (M-46) and Center Road within the Gratiot Place development. The property offers a single-tenant occupancy, perfect for a business seeking a standalone location with high visibility. Located in Saginaw County, this space provides easy access to major thoroughfares, ensuring convenient access for both employees and customers. The building is part of a thriving commercial center, boasting a diverse mix of businesses including other office spaces, retail establishments, restaurants, and professional services. This creates a vibrant and synergistic environment, fostering a strong sense of community and attracting a steady stream of foot traffic. The property's address is 4884 Gratiot Rd, Saginaw, MI 48638. The space is classified as traditional office space and is perfect for a variety of uses. This is a fantastic opportunity to establish or expand your business in a prime Saginaw location. The property is ready for immediate occupancy. The geographic coordinates are latitude 43.4174754 and longitude -84.0128239.

    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
    -84.0128
    Latitude
    43.4175

    Comparable in this City

    • Value Estimation by Request
      1,505 SF

      220 Center Rd

      Restaurants • 1,505 SF
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    • Value Estimation by Request

      4884 Gratiot Rd

      Individual retail properties
      4884 Gratiot Rd, Saginaw, MI 48638
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    • Value Estimation by Request

      58 Center Rd

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      58 Center Rd, Saginaw, MI 48638
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    • Value Estimation by Request

      4880 Gratiot Beef

      Restaurants
      4880 Gratiot Beef, Saginaw, MI 48638
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      4880 Gratiot Beef

      Restaurants
      4880 Gratiot Beef, Saginaw, MI 48638
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    • Value Estimation by Request
      1.04 Acres

      5820 Gratiot Ave

      Medical offices • 7,706 SF
      5820 Gratiot Ave, Saginaw, MI 48638
      View Details

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    Similar Nearby for Lease

    • $9 SF/Yr
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      Saginaw Retail/Office Space For Lease

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      Gratiot Place Retail/Office Space

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      Saginaw Township Office/Retail Space

      Highly visible 1,200 SF office/retail space for lease.
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      Office Space For Lease

      2774 sqft upper floor office space available for lease.
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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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