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    5961 Dixie Ct Saginaw, MI 48601

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    5961 Dixie Ct Saginaw, MI 48601

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    Property Details for 5961 Dixie Ct

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, situated on nearly an acre in Bridgeport, Michigan, presents a unique investment opportunity. Priced at $150,000, the property boasts a versatile layout ideal for various commercial uses. Currently operating as an automobile repair shop, the site includes a 16' x 14' office and a spacious 32' x 40' pole barn workshop. The ample gravel driveway provides extensive parking, a significant advantage for any business requiring customer or employee parking. The property's location on Dixie Highway ensures high visibility and convenient access for customers. The nearly one-acre lot offers significant potential for expansion or future development. The existing structures are well-maintained and ready for immediate occupancy, making this an attractive option for entrepreneurs seeking a turnkey operation or investors looking for a solid return. The property's zoning and permitted uses should be independently verified. This is a rare opportunity to acquire a well-located commercial property in a thriving area of Saginaw County. The address is 5961 Dixie, Bridgeport, MI 48601.

    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
    -83.8858
    Latitude
    43.3664

    Comparable in this City

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      6,720 SF

      5844 Dixie Hwy

      COMMERCIAL MISC • 6,720 SF
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      3,700 SF

      3054 Holland Rd

      COMMERCIAL MISC • 3,700 SF
      3054 Holland Rd, Saginaw, MI 48601-6623
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    • Value Estimation by Request
      1.19 Acres

      5844 Dixie Hwy

      COMMERCIAL MISC • 1.19 Acres
      5844 Dixie Hwy, Saginaw, MI 48601-5967
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    • Value Estimation by Request
      6.58 Acres

      3000 Outer Dr

      COMMERCIAL MISC • 6.58 Acres
      3000 Outer Dr, Saginaw, MI 48601
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    • Value Estimation
      $1,245,000
      22,476 SF

      3141 Wolf Rd

      COMMERCIAL MISC • 22,476 SF
      3141 Wolf Rd, Saginaw, MI 48601-9245
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    • Value Estimation by Request
      0.05 Acres

      933 Franklin St

      SBE - SPECIAL ASSESSMENTS • 0.05 Acres
      933 Franklin St, Saginaw, MI 48601-2515
      View Details

    Similar Nearby for Sale

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      6,000 SF

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      Land For Sale

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      Land For Sale

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      Vacant Land For Sale

      Two parcels of vacant land available in Saginaw, Michigan.
      2800 Stanton Dr, Saginaw, MI 48601
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      Land For Sale

      1.96 acres of land available for purchase.
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    Similar Nearby for Lease

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      Corner Commercial Land for Rent

      Corner lot available for rent with high traffic volume.
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      Industrial Build to Suit Opportunity

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      Adaptable Commercial Space For Lease

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      Industrial Land Near I-75

      6+ acres of M-1 zoned land near I-75.
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      Prime Development Land Near I-75

      Nearly 8 acres of prime development land on M-46.
      1160 S Outer Dr, Saginaw, MI 48601
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      Industrial Build to Suit Opportunity

      Industrial space available for rent, build to suit.
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    Saginaw, MI 48601
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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.

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    5961 Dixie Ct, Saginaw, MI, 48601

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