Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6515 State St Saginaw, MI 48603-3434

    • Commercial real estate
    • 5,898 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1124752
    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

    • Rare Sass Boutique / Clothing Store
    • Michelle Rose Hair Stylist / Hair Salon
    • Maria Chingman / Hair Salon / Nail Salon
    • Pay-Per Klip Salon / Hair Salon

    Property Details for 6515 State St

    Year built
    1965
    Lot size
    0.73 lot acres
    Property size
    5,898 SF
    Zone code
    B-3
    Property type
    Commercial real estate
    APN
    23-12-4-19-1025-001
    APU
    23124191025001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $590,000
      Market price range: $275k - $732k
      AI Estimate
      $590,000
      Market price range: $275k - $732k

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.0443
    Latitude
    43.4367
    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
    $11,706
    $0.00
    $0.00
    $290,400
    -
    $0.00
    $0.00
    $580,800

    Comparable in this City

    • Value Estimation by Request
      0.91 Acres

      Christy Way

      Land • 0.91 Acres
      0 Christy Way, Saginaw, MI 48603
      View Details
    • Value Estimation by Request
      3.45 Acres

      2900 Porlas Pl

      COMMERCIAL (GENERAL) • 3.45 Acres
      2900 Porlas Pl, Saginaw, MI 48603-3321
      View Details
    • Value Estimation by Request
      1.94 Acres

      2355 Schust Rd

      COMMERCIAL (GENERAL) • 1.94 Acres
      2355 Schust Rd, Saginaw, MI 48603-1334
      View Details
    • Value Estimation by Request
      3.25 Acres

      4690 Weiss St

      COMMERCIAL (GENERAL) • 3.25 Acres
      4690 Weiss St, Saginaw, MI 48603-3890
      View Details
    • Value Estimation by Request
      50.00 Acres

      4570 Lawndale Rd

      COMMERCIAL (GENERAL) • 50.00 Acres
      4570 Lawndale Rd, Saginaw, MI 48603-1076
      View Details
    • Value Estimation by Request
      10.00 Acres

      4619 Mackinaw Rd

      COMMERCIAL (GENERAL) • 10.00 Acres
      4619 Mackinaw Rd, Saginaw, MI 48603-2103
      View Details

    Similar Nearby for Sale

    • $200,000
      6.83 Acres

      Saginaw Commercial Land Development

      6.83 Acres, Prime Saginaw Location
      3080 Schust Rd, Saginaw, MI 48603
      View Details
    • $425,000
      17.40 Acres

      M-47 Saginaw Commercial Land

      17.4 Acres, High Visibility, Development Ready
      5300 Midland Rd, Saginaw, MI 48603
      View Details
    • $75,000
      49,222 SF

      Saginaw Commercial Land Development

      1.13 Acres, 49,222 SF, $75,000
      0 Hallmark Ct, Saginaw, MI 48603
      View Details
    • $275,000
      11.71 Acres

      Saginaw Township Development Land

      11.71 Acres, R-3 Zoning, Prime Location
      0 Shattuck Rd, Saginaw, MI 48603
      View Details
    • $599,000
      0.90 Acres

      Saginaw Office Building - High ROI

      Profitable Office Building, 8.97% Cap Rate
      6270 State St, Saginaw, MI 48603
      View Details
    • $35,000
      0.91 Acres

      Saginaw Commercial Land - 0.91 Acres

      Prime Saginaw commercial lot, build your dream!
      0 Christy Way, Saginaw, MI 48603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,040 SF

      Bay Road Retail/Office Space

      Saginaw, MI: 1,040 SF, Single Tenant
      4607 Bay Rd, Saginaw, MI 48603
      View Details
    • $16 SF/Yr
      875 SF

      Saginaw Office Space for Lease

      875 SF Office, Prime Saginaw Location
      3216 Christy Way, Saginaw, MI 48603
      View Details
    • $12 SF/Yr
      5,870 SF

      Saginaw Medical Office Suite for Lease

      5,870 sq ft, prime Saginaw location
      4177 Fashion Square Blvd, Saginaw, MI 48603
      View Details
    • $6 SF/Yr
      3,240 SF

      Saginaw Township Office Space

      Prime Saginaw location, 3240 sq ft office.
      3480 Center Rd, Saginaw, MI 48603
      View Details
    • $15 SF/Yr
      4,645 SF

      Saginaw Executive Office Space

      Premier office space with conference room and kitchenette near I-675.
      4300 Fashion Square Blvd, Saginaw, MI 48603
      View Details
    • $18 SF/Yr
      500 SF

      Saginaw Office Suite - Remodeled

      500 sq ft, updated office space in Saginaw.
      3175 Christy Way, Saginaw, MI 48603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6515 State St
    Saginaw, MI 48603-3434
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.