1115 Saginaw Rd Midland, MI 48640-6809
Property profile & analytics
1115 Saginaw Rd Midland, MI 48640-6809
- Auto shops
- 1,215 SF
- 0.30 lot acres
Property ID
US43-2256021
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Valvoline Instant Oil Change / Auto Repair Shop
Property Details for 1115 Saginaw Rd
- Year built
- 1990
- Lot size
- 0.30 lot acres
- Property size
- 1,215 SF
- Zone code
- RC
- Property type
- Auto shops
- APN
- 14-15-60-022
- APU
- 141560022
Description
This exceptional investment opportunity presents a 1,215 square foot Valvoline auto shop located at 1115 South Saginaw Road, Midland, MI 48640. The property boasts a triple-net (NNN) lease with zero landlord responsibilities, ensuring a passive income stream for the investor. The lease, with a nationally recognized brand, features a 10-year term commencing November 13, 2024, and expiring November 12, 2034, with three 5-year renewal options. The current annual net operating income (NOI) is $58,298, representing a 6.30% cap rate on the asking price of $925,361 ($761.61 per square foot). The property sits on a 0.3-acre lot and enjoys 100% occupancy. Valvoline's corporate guarantee provides significant security for this investment. The strategic location near US-10 provides easy access to Saginaw, Bay City, and Lansing, benefiting from Midland's stable population and consistent demand for commercial spaces. This is a turnkey investment with minimal management requirements and the backing of a well-established, reputable tenant. The lease includes no rent bumps during the initial term.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.2176
- Latitude
- 43.6185
- CBSA code
- 33220
- CBSA name
- MIDLAND, MI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,125
$0.00
$0.00
$103,600
-
$0.00
$0.00
$207,200
