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Property profile & analytics
FOR SALE
Commercial real estate
5050 Gratiot Rd, Saginaw, MI 48638
Entity Owned
19-yr Hold
Property ID
US43-1588944
For Sale
1 / 33
$1,299,000
5050 Gratiot Rd, Saginaw, MI 48638
View Listing →
Property summary
AI-generated overview
This exceptional 11,114 square foot retail storefront, located at 5050 Gratiot Rd in Saginaw, Michigan, presents a remarkable investment opportunity. Situated on a 1.604-acre lot, this property boasts a prominent location at the intersection of M-46 (Gratiot) and Center Road in Saginaw Township, ensuring high visibility and accessibility. Built in 1999, the single-story building is currently vacant, offering a blank canvas for a wide range of retail businesses. The property is zoned B-3, allowing for diverse commercial uses. The former Rite Aid location offers ample space for a variety of retail concepts, benefiting from its established infrastructure and convenient access for customers. With its substantial size and prime location, this property is poised for significant success. The asking price is $1,750,000. This is a for sale by owner listing. The property features one building and is currently vacant. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1999
Total area
11,114 SF
Lot
1.6 ac (69,870 SF)
Zoning code
B-3
APN
23-12-4-29-1008-000
UPID
US43-1588944
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
-
James E. Weiss, RPh Pharmacy
-
Rite Aid (Bike/Boat/Book/etc) Store Cosmetic Store
-
Western Union Bank Credit Union
-
higi Physician
-
Ann Hetzner Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.39M
Owner & transaction history
Saginaw Co LLC · 19 yrs held
Saginaw Co LLC
since 2007
3 recorded transactions
Zoning & alternative use
B-3 · 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
$1.39M
Range $1.25M – $1.52M · ±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
$125 / 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
$21,217
Tax year 2022
Assessed value
$614,600
Assessed 2023
Previous assessed
$614,600
+0.0% YoY
Effective rate
3.45%
On assessed value
Total market value
$1,229,200
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
1999
Heating
YES
Cooling
YES
Stories
1
Total area
11,114 SF
Lot
1.6 ac (69,870 SF)
Zoning code
B-3
APN
23-12-4-29-1008-000
UPID
US43-1588944
Jurisdiction
SAGINAW
Zoning & alternative use
B-3 · Saginaw, MI
Zoning B-3 · permitted uses
B-3 · 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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Saginaw Co LLC
Entity
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2017
—
Saginaw Co LLC
—
Deed
related
$2,200,000 · State Bank
Feb 8, 2007
—
Saginaw Co LLC
Gratiot & Center-saginaw Towns
Quit Claim Deed
related
$2,510,000 · Wells Fargo Bank
Nov 4, 2004
—
Gratiot & Center-saginaw Towns
—
Deed Of Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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