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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1826 Saginaw Rd Midland, MI 48640-6837

    • Retail space
    • 33,871 SF
    • 2.11 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2022
    $800,000
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2060492
    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.

    Current Use by Public Records

    • The Bridge Food Center / Grocery Store

    Property Details for 1826 Saginaw Rd

    Year built
    1976
    Lot size
    2.11 lot acres
    Property size
    33,871 SF
    Zone code
    RC
    Property type
    Retail space
    APN
    14-15-40-390
    APU
    141540390

    Description

    This exceptional 16,000 square foot retail space, formerly occupied by a Save-A-Lot grocery store, presents a unique investment opportunity in Midland County. Located at the high-traffic intersection of South Saginaw Road and East Patrick Road, this single-tenant building offers unparalleled visibility and accessibility. The property is zoned RC-Regional Commercial District, allowing for a wide range of retail uses. The building's substantial size provides ample space for a variety of retail concepts, from large-format stores to smaller businesses seeking a prominent location. Its strategic position benefits from easy access to the M-10 Business Loop, ensuring high traffic flow and convenient access for customers. The entire 16,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property represents a rare chance to acquire a significant retail presence in a thriving Midland County location with excellent visibility and accessibility. The property's size and location make it ideal for a variety of retail businesses seeking a high-traffic location with ample space. The RC-Regional Commercial District zoning provides flexibility for potential tenants. This is a turnkey opportunity for an investor or business owner looking to establish a strong retail presence in a prime Midland County location. The property's strategic location at the intersection of major roadways ensures high visibility and accessibility for potential customers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $999,000
      Market price range: $1000k - $3.44M
      AI Estimate
      $999,000
      Market price range: $1000k - $3.44M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Michigan
    Longitude
    -84.215
    Latitude
    43.6135
    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
    $38,114
    $0.00
    $0.00
    $284,400
    -
    $0.00
    $0.00
    $568,800

    Comparable in this City

    • Value Estimation by Request
      3,566 SF

      715 George St

      RETAIL STORES (PERSONAL SERVICES) • 3,566 SF
      715 George St, Midland, MI 48640-5329
      View Details
    • Value Estimation by Request
      22,670 SF

      4906 Saginaw Rd

      RETAIL STORES (PERSONAL SERVICES) • 22,670 SF
      4906 Saginaw Rd, Midland, MI 48640-2324
      View Details
    • Value Estimation by Request
      3,475 SF

      715 Haley St

      RETAIL STORES (PERSONAL SERVICES) • 3,475 SF
      715 Haley St, Midland, MI 48640-5311
      View Details
    • Value Estimation by Request
      12,561 SF

      3622 Saginaw Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,561 SF
      3622 Saginaw Rd, Midland, MI 48640-2320
      View Details
    • Value Estimation by Request
      18,797 SF

      404 Saginaw Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,797 SF
      404 Saginaw Rd, Midland, MI 48640-4521
      View Details
    • Value Estimation by Request
      15,000 SF

      1910 Saginaw Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      1910 Saginaw Rd, Midland, MI 48640-6613
      View Details

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    Similar Nearby for Lease

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    Midland, MI 48640-6837
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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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