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Property profile & analytics
FOR SALE
Commercial real estate
4880 Gratiot Rd, Saginaw, MI 48638
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1627557
For Sale
1 / 7
$525,000
4880 Gratiot Rd, Saginaw, MI 48638
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Property summary
AI-generated overview
This thriving Saginaw bar and restaurant, located at 4880 Gratiot Rd, is offered for sale at $525,000. Established in 2006, this 2,400 square foot, single-story building boasts a 100% occupancy rate as of April 3, 2023. Operating under a NNN lease, this single-unit business offers a strong net operating income (NOI) of $191,000, translating to a compelling 15% cap rate and a price per square foot of $218.75. The business is well-known in the Saginaw area for its family-friendly atmosphere, extensive menu, and diverse beverage selection. This turnkey opportunity presents a significant investment potential for an owner/user. The sale includes the business only; real estate is not included. The property is situated in Saginaw County, Michigan, zip code 48638. This is a rare chance to acquire a profitable, established business with a proven track record in a desirable location. The business is currently operating at full capacity, offering immediate returns for the new owner. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
65,120 SF
Lot
7 ac (304,920 SF)
Zoning code
B-1
APN
23-12-4-28-2006-001
UPID
US43-1627557
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
Current use
Occupant on record · Public records
-
Subway Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.73M
Owner & transaction history
Gratiot Place LLC · 9 yrs held
Gratiot Place LLC
since 2017
2 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
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
$67,280
Tax year 2022
Assessed value
$1,623,300
Assessed 2023
Previous assessed
$1,623,300
+0.0% YoY
Effective rate
4.14%
On assessed value
Total market value
$3,246,600
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2002
Heating
YES
Stories
1
Total area
65,120 SF
Lot
7 ac (304,920 SF)
Zoning code
B-1
APN
23-12-4-28-2006-001
UPID
US43-1627557
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
2002
Heating
YES
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Gratiot Place LLC
Entity
Mailing address
807 VETERANS MEMORIAL PKWY, SAGINAW, MI 48601-1432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2017
—
Gratiot Place LLC
—
Trustees Deed
related
$780,000 · Chemical Bk
—
—
Gratiot Place LLC
—
Deed Of Trust
related
$2,000,000 · Chemical Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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