Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (248) 608-5000
    Web Site
    Size: 10+ agents

    Agents

    Service Locations

    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (38)

    View map
    Riley Township Vacant Land Parcel
    $64,900
    6.26 Acres

    Riley Township Vacant Land Parcel

    6.26 acre buildable parcel in Riley Township. Land contract available.

    Burgess 040, Riley, MI 48041
    View details
    Waterfront Lot in Harrison Twp
    $59,900

    Waterfront Lot in Harrison Twp

    Buildable waterfront lot in a desirable Harrison Twp community.

    37924 Maplehill St, Harrison Twp, MI 48045
    View details
    29 Acres Vacant Land
    $639,900
    29.01 Acres

    29 Acres Vacant Land

    29-acre vacant land with updated barn near 29 Mile Road.

    61776 Indian Trl, Ray, MI 48096
    View details
    Residential Land in Capac, MI
    Contact for pricing
    0.38 Acres

    Residential Land in Capac, MI

    Vacant land in Capac, MI with utilities available.

    Park St W, Capac, MI 48014
    View details
    67+ Acre Riverfront Land Opportunity
    $779,000
    67.89 Acres

    67+ Acre Riverfront Land Opportunity

    Versatile 67+ acre property with river access near I-69.

    Gale Rd, Morrice, MI 48857
    View details
    Detroit Vacant Residential Land
    $30,000
    0.15 Acres

    Detroit Vacant Residential Land

    Buildable lot in an up-and-coming Detroit subdivision.

    4444 Field St, Detroit, MI 48214
    View details
    Land Near Wolverine Lake
    Contact for pricing
    0.45 Acres

    Land Near Wolverine Lake

    Vacant land parcel near Wolverine Lake, Michigan.

    15217 Lakeview Dr, Wolverine Lake, MI 49799
    View details
    Cleared 10-Acre Parcel, Almont, MI
    $259,900
    10.05 Acres

    Cleared 10-Acre Parcel, Almont, MI

    Cleared 10-acre parcel ready for new home construction.

    6839 Dryden Rd, Almont, MI 48003
    View details
    Treed Lot in Romeo School
    $109,900
    2.27 Acres

    Treed Lot in Romeo School

    Vacant land in award-winning Romeo School District near golf courses.

    Parcel 3 31 Mile Rd, Ray Twp, MI 48096
    View details
    Richmond Twp Vacant Land Parcel
    $108,900
    9.94 Acres

    Richmond Twp Vacant Land Parcel

    9.94 acre residential land parcel in Richmond Twp, MI.

    Meskill Rd, Columbus, MI 48063
    View details
    Richmond Twp Vacant Land Parcel
    $108,900
    9.80 Acres

    Richmond Twp Vacant Land Parcel

    9.8 acre residential land parcel in Richmond Twp, MI.

    Weber Rd, Columbus, MI 48063
    View details
    Armada Vacant Land For Sale
    $115,000
    2.74 Acres

    Armada Vacant Land For Sale

    2.74-acre corner lot, ideal for building a dream home.

    23335 Mcphall Rd, Armada, MI 48005
    View details
    Renovated Flex Space in Detroit
    $279,900
    3,100 SF

    Renovated Flex Space in Detroit

    Renovated commercial space with warehouse functionality and creative office design.

    16813 Wyoming St, Detroit, MI 48221
    View details
    Detroit Buildable Lot For Sale
    $60,000
    0.19 Acres

    Detroit Buildable Lot For Sale

    Large vacant land in up and coming Detroit area.

    1312 E Grand, Detroit, MI 48211
    View details
    Established Auto Repair Shop For Sale
    $389,900
    4,468 SF

    Established Auto Repair Shop For Sale

    Profitable, turnkey auto repair shop with real estate in Detroit.

    13118 Gratiot Ave, Detroit, MI 48205
    View details
    Waterfront Land in Port Huron
    $350,000
    0.50 Acres

    Waterfront Land in Port Huron

    Waterfront land with development potential in Port Huron, Michigan.

    2444 Military St, Port Huron, MI 48060
    View details
    Richmond Twp Vacant Land Parcel
    $108,900
    9.81 Acres

    Richmond Twp Vacant Land Parcel

    9.81 acre residential land parcel in Richmond Twp, MI.

    Meskill Rd, Columbus, MI 48063
    View details
    Macomb Vacant Land Opportunity
    $139,900
    1.41 Acres

    Macomb Vacant Land Opportunity

    Vacant land with potential for development in Macomb, MI.

    23206 21 Mile Rd, Macomb, MI 48042
    View details
    Richmond Twp Vacant Land Parcel
    $121,900
    10.09 Acres

    Richmond Twp Vacant Land Parcel

    10+ acre residential land parcel in Richmond Twp, Michigan.

    Weber Rd, Columbus, MI 48063
    View details
    40-Acre Land with Development Potential
    $299,900
    40.35 Acres

    40-Acre Land with Development Potential

    40.35 acres in Goodland, MI with farming and development potential.

    N Blacks Corners Rd, Imlay City, MI 48444
    View details
    Richmond Twp Vacant Land Parcel
    $121,900
    10.09 Acres

    Richmond Twp Vacant Land Parcel

    10+ acre residential land parcel in Richmond Twp, Michigan.

    Weber Rd, Columbus, MI 48063
    View details
    Richmond Twp Vacant Land Parcel
    $108,900
    9.93 Acres

    Richmond Twp Vacant Land Parcel

    9.93 acre vacant land parcel in Richmond Twp, Michigan.

    Weber Rd, Columbus, MI 48063
    View details
    Industrial Land with Renovated House
    $649,000
    10.00 Acres

    Industrial Land with Renovated House

    Industrial development opportunity with renovated house on 10 acres.

    57291 Rosell Rd, New Haven, MI 48048
    View details
    Versatile Commercial Property on 1.86 Acres
    $429,000
    5,037 SF

    Versatile Commercial Property on 1.86 Acres

    Commercial property ideal for various uses with expansion potential.

    22021 Memphis Ave, Warren, MI 48091
    View details
    Land Near Recreation and I-75
    Contact for pricing
    0.46 Acres

    Land Near Recreation and I-75

    Residential land near recreation, I-75, and trails in Wolverine, MI.

    15390 Wurm Rd, Wolverine, MI 49799
    View details
    Detroit Commercial Property with Business
    $239,900
    8,000 SF

    Detroit Commercial Property with Business

    Turn-key dry cleaning business with 8,000+ sq. ft. real estate.

    2854 E 7 Mile Rd, Detroit, MI 48234
    View details
    Detroit Land Near Indian Village
    Contact for pricing
    0.07 Acres

    Detroit Land Near Indian Village

    Vacant land near Indian Village and West Village.

    3625 Ferry St E, Detroit, MI 48211
    View details
    Residential Land in Richmond Twp
    $121,900
    10.08 Acres

    Residential Land in Richmond Twp

    10+ acre residential land parcel in Richmond Twp, Michigan.

    Weber Rd, Columbus, MI 48063
    View details
    Imlay City Vacant Land Parcel
    $97,000
    10.02 Acres

    Imlay City Vacant Land Parcel

    10-acre vacant land parcel suitable for building or farming.

    3 Windmill, Imlay City, MI 48444
    View details
    Detroit Vacant Land Near Villages
    Contact for pricing
    0.07 Acres

    Detroit Vacant Land Near Villages

    Vacant land near Indian and West Village neighborhoods.

    3619 Ferry St E, Detroit, MI 48211
    View details
    Detroit Vacant Land Opportunity
    Contact for pricing
    0.06 Acres

    Detroit Vacant Land Opportunity

    Residential land near Indian and West Village neighborhoods.

    3603 Ferry St E, Detroit, MI 48211
    View details
    Detroit Vacant Land Opportunity
    Contact for pricing
    0.06 Acres

    Detroit Vacant Land Opportunity

    Vacant land near Indian Village and West Village.

    3613 Ferry St E, Detroit, MI 48211
    View details
    Residential Land in Detroit
    Contact for pricing
    0.07 Acres

    Residential Land in Detroit

    Vacant land near Indian and West Village neighborhoods.

    3607 E Ferry St, Detroit, MI 48211
    View details
    Detroit Vacant Residential Land
    $30,000
    0.10 Acres

    Detroit Vacant Residential Land

    Buildable lot in Detroit's up and coming area.

    1306 E Grand, Detroit, MI 48211
    View details
    Land For Sale
    $779,000

    Land For Sale

    Land available for sale.

    Gale Rd, Morrice, MI 48857
    View details
    Established Auto Repair Shop For Sale
    $389,900

    Established Auto Repair Shop For Sale

    Profitable, turnkey auto repair shop with real estate in Michigan.

    13118 Gratiot Ave, Detroit, MI 48205
    View details
    Versatile Commercial Property on 1.86 Acres
    $429,000

    Versatile Commercial Property on 1.86 Acres

    Commercial property ideal for various uses with expansion potential.

    22021 Memphis Ave, Warren, MI 48091
    View details
    Recreational Land Near Wildwood Lake
    Contact for pricing

    Recreational Land Near Wildwood Lake

    Land parcel near recreation, trails, and Wolverine Golf Course.

    15217 Lakeview Dr, Wolverine, MI 49799
    View details

    For Lease (1)

    View map
    Renovated Flex Space with Studio
    $3,200 / Mo

    Renovated Flex Space with Studio

    3,100 SF renovated flex space with podcast studio.

    16813 Wyoming St, Detroit, MI 48221
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    CENTURY 21 Town & Country
    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.
    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
    CENTURY 21 Town & Country
    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

    Thank You for Inquiry
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!