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Property profile & analytics
FOR SALE
Industrial properties
2600 State St, Saginaw, MI 48602-3994
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0970821
For Sale
1 / 11
$150,000
2600 State St, Saginaw, MI 48602-3994
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Total area
8,977 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B-1
APN
91-30-1-05-2000-000
UPID
US43-0970821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bed Ventures LLC · 3 yrs held
Bed Ventures LLC
since 2023
Last sale
$100,000
6 recorded transactions
Zoning & alternative use
B-1 · Saginaw, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saginaw submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saginaw submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,564
Tax year 2022
Assessed value
$79,900
Assessed 2023
Previous assessed
$79,900
+0.0% YoY
Effective rate
6.96%
On assessed value
Total market value
$159,800
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1948
Heating
SPACE
Stories
1
Total area
8,977 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B-1
APN
91-30-1-05-2000-000
UPID
US43-0970821
Jurisdiction
SAGINAW
Zoning & alternative use
B-1 · Saginaw, MI
Zoning B-1 · permitted uses
B-1 · Saginaw, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saginaw. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1948
Heating
SPACE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Bed Ventures LLC
Entity
Mailing address
2417 E KALAMAZOO ST, LANSING, MI 48912-3938
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2023
$100,000
Bed Ventures LLC
Stonemark Holdings LLC
Warranty Deed
$135,000 · Noel Peterson
May 2, 2023
$400,000
Stonemark Holdings LLC
Ffh Investment LLC
Quit Claim Deed
related
—
Jan 24, 2023
$340,000
Ffh Investment LLC
Randall L Frank
Deed
—
Apr 23, 2019
—
W P Group LLC
Fedora Financial LLC
Quit Claim Deed
related
$203,000 · First State Bank
Feb 11, 2019
$52,500
Fedora Financial LLC
Klement R L Prop Holdi Trust
Warranty Deed
related
—
Sep 19, 2017
—
Klement,ruth L Trust
Klement A V & R L Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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