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

    6197 Dixie Hwy Bridgeport, MI 48722-9618

    • Commercial real estate
    • 1,156 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    May 12, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1051334
    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

    • Creative Designs Styling / Beauty Salon / Tanning Salon

    Property Details for 6197 Dixie Hwy

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    1,156 SF
    Property type
    Commercial real estate
    APN
    09-11-5-16-0134-000
    APU
    9115160134000

    Description

    This 1,156 square foot industrial property, situated on a 0.23-acre lot in Bridgeport, Michigan, presents a fantastic opportunity for entrepreneurs. Currently configured as a thriving hair, nail, and tanning salon, this versatile space offers significant potential for a variety of commercial uses. Its convenient location provides easy access to I-75, placing your business within minutes of the popular tourist destinations of Frankenmuth and Birch Run, ensuring high visibility and accessibility for customers. The building itself boasts 1,156 square feet of usable space, providing ample room for operations and potential expansion. The 0.23-acre lot offers sufficient parking and potential for outdoor amenities. This property is ready for immediate occupancy, making it an attractive option for businesses seeking a turnkey solution or those looking to establish a new presence in a high-traffic area. The asking price of $150,000 represents exceptional value for a property with such prime location and existing infrastructure. Don't miss this chance to secure a thriving business location in a rapidly growing area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.8793
    Latitude
    43.3579
    CBSA code
    40980
    CBSA name
    SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN 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
    $1,566
    $0.00
    $0.00
    $35,100
    -
    $0.00
    $0.00
    $70,200

    Comparable in this City

    • Value Estimation by Request
      6.04 Acres

      5205 Baker Rd

      COMMERCIAL (GENERAL) • 6.04 Acres
      5205 Baker Rd, Bridgeport, MI 48722-9592
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    • Value Estimation by Request
      2,288 SF

      6186 Dixie Hwy

      COMMERCIAL (GENERAL) • 2,288 SF
      6186 Dixie Hwy, Bridgeport, MI 48722-9618
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    • Value Estimation by Request
      1,552 SF

      6173 Dixie Hwy

      COMMERCIAL (GENERAL) • 1,552 SF
      6173 Dixie Hwy, Bridgeport, MI 48722-9618
      View Details
    • Value Estimation by Request
      832 SF

      6209 Dixie Hwy

      COMMERCIAL (GENERAL) • 832 SF
      6209 Dixie Hwy, Bridgeport, MI 48722-9621
      View Details
    • Value Estimation
      $2,650,000
      24,960 SF

      4600 Zelle Dr

      COMMERCIAL (GENERAL) • 24,960 SF
      4600 Zelle Dr, Bridgeport, MI 48722-9601
      View Details
    • Value Estimation by Request
      5,310 SF

      6375 Bridgeport Vlg Sq Dr

      COMMERCIAL (GENERAL) • 5,310 SF
      6375 Bridgeport Vlg Sq Dr, Bridgeport, MI 48722-9630
      View Details

    Similar Nearby for Sale

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    6197 Dixie Hwy
    Bridgeport, MI 48722-9618
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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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