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    805 Saginaw St Durand, MI 48429-1263
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    Property profile & analytics

    805 Saginaw St, Durand, MI 48429-1263

    View on Map
    • Office buildings
    • 936 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US43-2332913
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • THE KUBIAK GROUP AT CROWN REAL ESTATE / Real Estate Agency
    • Great Lakes brow Co. / Medical Clinic / Skin Care Clinic
    • Magnolia Skin And Nails / Nail Salon

    Property Details for 805 Saginaw St

    Lot size
    0.20 lot acres
    Zone code
    R-O
    Property type
    Office buildings
    APN
    020-82-091-000
    APU
    2082091000

    Description

    This exceptional commercial property, situated at 805 N Saginaw Street in Durand, Michigan, presents a fantastic business opportunity at an attractive price point of $139,000. The building boasts a convenient 0.2-acre lot, providing ample space and visibility. The property features a well-designed layout including three private offices, perfect for individual workspaces or team collaboration. A welcoming lobby area creates a professional first impression for clients and visitors. The inclusion of a kitchen and one bathroom adds to the functionality and convenience of the space. The building offers both a commercial front entrance for public access and a private side entrance, enhancing security and flexibility. On-site amenities include a convenient shed for storage and a private parking area, eliminating the hassle of finding parking in a busy commercial district. The property benefits from moderate traffic flow and excellent visibility, being strategically located next to Little Caesars Pizza in the heart of Durand, ensuring high foot traffic and brand recognition. This turnkey commercial space is ready for immediate occupancy and presents a rare opportunity to establish or expand a business in a thriving community. The property's combination of location, features, and price makes it an ideal investment for a wide range of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Durand
    County
    Shiawassee
    State
    Michigan
    Longitude
    -83.9851
    Latitude
    42.9187
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, 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
    2024
    $3,026
    $0.00
    $0.00
    $50,530
    -
    $0.00
    $0.00
    $101,060

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      303 Monroe St

      OFFICE BUILDING
      303 Monroe St, Durand, MI 48429-1214
      View Details
    • Value Estimation by Request
      5,400 SF

      124 Saginaw St

      OFFICE BUILDING
      124 Saginaw St, Durand, MI 48429-1164
      View Details
    • Value Estimation by Request
      2,147 SF

      101 Monroe St

      OFFICE BUILDING
      101 Monroe St, Durand, MI 48429-1399
      View Details
    • Value Estimation by Request
      1,610 SF

      118 Saginaw St

      OFFICE BUILDING
      118 Saginaw St, Durand, MI 48429-1164
      View Details
    • Value Estimation by Request
      2,784 SF

      127 Saginaw St

      OFFICE BUILDING
      127 Saginaw St, Durand, MI 48429-1163
      View Details
    • Value Estimation by Request
      1,755 SF

      109 Saginaw St

      OFFICE BUILDING
      109 Saginaw St, Durand, MI 48429-1163
      View Details

    Similar Nearby for Sale

    • $300,000
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    • $638,750
      3.89 Acres

      Land Development Site with Road Frontage

      Nearly 4 acres with extensive main-road frontage and two existing flex buildings ready for development or redevelopment.
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    Similar Nearby for Lease

    • $15 SF/Yr
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    • $170,000

      Retail Building with Drive-Thru

      Former Rite Aid space with open layout and drive-thru access just off I-69 for strong customer visibility.
      8531 Lansing Rd, Durand, MI 48429
      View Details
    • Contact for pricing

      Retail Suites in Durand Plaza

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      View Details
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    Durand, MI 48429-1263
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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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