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    Listings

    For Sale (10)

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    Lakefront Lot and Island Home
    $290,000

    Lakefront Lot and Island Home

    Improved lakefront lot with island home and sandy beach.

    9877 Dixie Hwy, Clarkston, MI 48348
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    Residential Land in Oxford Township
    $80,000

    Residential Land in Oxford Township

    Residential land in a well-maintained, scenic Oxford Township community.

    225 Great Pines Dr, Oxford, MI 48371
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    Versatile Mixed-Use Property in Caro
    $295,000
    5,024 SF

    Versatile Mixed-Use Property in Caro

    5-acre property with shop, apartment, and storage barn.

    4027 W Caro Rd, Caro, MI 48723
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    Detroit Duplex Near Historic District
    $159,999
    3,304 SF

    Detroit Duplex Near Historic District

    Partially remodeled duplex with three-bedroom units near Boston-Edison.

    2051 Calvert St, Detroit, MI 48206
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    Residential Land in Waterford Township
    Contact for pricing

    Residential Land in Waterford Township

    Residential lot in a well-kept, park-like Waterford Township area.

    Daffodil Dr, Waterford, MI 48327
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    Prime Commercial Land in Clarkston
    $350,000
    3.00 Acres

    Prime Commercial Land in Clarkston

    3-acre commercial land near Pine Knob, ideal for development.

    Of Vl Clarkston Rd Vlg, Clarkston, MI 48348
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    Remodeled Office Space For Sale
    $170,000
    1,380 SF

    Remodeled Office Space For Sale

    Remodeled office space with multiple suites available for sale.

    4512 Dixie Hwy, Waterford, MI 48329
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    Welding Shop Business and Property
    $374,900
    3,450 SF

    Welding Shop Business and Property

    Thriving welding shop with building, equipment, and parking lot.

    13118 E Nine Mile Rd, Warren, MI 48089
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    Waterfront Land in Waterford Township
    $125,000

    Waterfront Land in Waterford Township

    All-sports Cass Lake canal frontage with owner financing available.

    Cheyenne Ave, Waterford, MI 48327
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    Historic Church Building in Lapeer
    $350,000

    Historic Church Building in Lapeer

    Iconic 1895 church with redevelopment potential near downtown Lapeer.

    349 N Monroe St, Lapeer, MI 48446
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    For Lease (6)

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    Renovated Commercial Building in Waterford
    $1,350 / Mo
    5,985 SF

    Renovated Commercial Building in Waterford

    Renovated commercial building with high visibility and ample parking.

    2701 Elizabeth Lake Rd, Waterford, MI 48328
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    Renovated Commercial Building in Waterford
    $1,350 / Mo
    5,985 SF

    Renovated Commercial Building in Waterford

    Renovated commercial building with high visibility and ample parking.

    2701 Elizabeth Lake Rd, Waterford, MI 48328
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    Renovated Commercial Building in Waterford
    $1,350 / Mo
    5,985 SF

    Renovated Commercial Building in Waterford

    Renovated commercial building with high visibility and ample parking.

    2701 Elizabeth Lake Rd, Waterford, MI 48328
    View details
    Pontiac Retail Spaces Available
    $3,000 / Mo
    1,200 SF

    Pontiac Retail Spaces Available

    Retail spaces for rent in Pontiac, Michigan.

    325 W Walton Blvd, Pontiac, MI 48340
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    Remodeled Office Space Available
    $1,200 / Mo
    1,380 SF

    Remodeled Office Space Available

    Remodeled office space with multiple suites in Waterford, MI.

    4512 Dixie Hwy, Waterford, MI 48329
    View details
    Main Street Retail Space Available
    $4,500 / Mo
    3,600 SF

    Main Street Retail Space Available

    Retail space for lease on Main Street in Clarkston, MI.

    22 S Main St, Clarkston, MI 48346
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    Keller Williams Premier
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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
    Keller Williams Premier
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