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    Re/max Bayshore Properties

    500 South Union St., Traverse City, MI 49684
    (231) 941-5600
    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (95)

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    Improved Vacant Land Ready
    $140,000
    5.00 Acres

    Improved Vacant Land Ready

    5.3-acre improved property with utilities and outbuildings near Kalkaska.

    4091 W Crofton Rd SW, South Boardman, MI 49680
    View details
    Lake Ann Wooded Acreage
    $129,000
    6.81 Acres

    Lake Ann Wooded Acreage

    6.81 acres of wooded land near Lake Ann, Michigan.

    Maple City Hwy, Lake Ann, MI 49650
    View details
    Private Island with Historic Lighthouse
    $2,995,000
    4,606 SF

    Private Island with Historic Lighthouse

    Unique 13.56-acre island with lighthouse, keeper's house, and harbor.

    21500 S Pipe Is, De Tour Village, MI 49725
    View details
    Traverse City Buildable Vacant Land
    $175,000
    0.13 Acres

    Traverse City Buildable Vacant Land

    Vacant lot near downtown Traverse City with building options.

    615 Grant St, Traverse City, MI 49686
    View details
    Modern Office Space in Traverse
    $498,000
    2,843 SF

    Modern Office Space in Traverse

    Spacious office in Traverse City with ample parking.

    10161 E Pickwick Ct, Traverse City, MI 49684
    View details
    Beautiful Wooded Acreage in Fife Lake
    $79,900
    10.00 Acres

    Beautiful Wooded Acreage in Fife Lake

    10-acre parcel with hardwoods, cabin, and recreational opportunities.

    0000 SE Campbell Rd, Fife Lake, MI 49633
    View details
    Wooded Land Parcel in Kingsley
    $89,900
    2.50 Acres

    Wooded Land Parcel in Kingsley

    Heavily wooded 2.5 acre parcel near Kingsley, Michigan.

    F3A Jackson Crk Rd, Kingsley, MI 49649
    View details
    Land Near Manistee National Forest
    $199,000
    15.00 Acres

    Land Near Manistee National Forest

    Vacant land with outbuildings, near Manistee National Forest.

    960 E 32 Rd, Boon, MI 49618
    View details
    Residential Land in Traverse City
    $74,000
    2.05 Acres

    Residential Land in Traverse City

    2.05 acre residential lot near state land and trails.

    Parcel B Theron Rd, Traverse City, MI 49685
    View details
    Residential Land Near Traverse City
    $74,000
    2.31 Acres

    Residential Land Near Traverse City

    2.31 acre vacant lot near state land and trails.

    Parcel C Theron Rd, Traverse City, MI 49685
    View details
    Versatile Traverse City Acreage Opportunity
    $3,500,000
    16,208 SF

    Versatile Traverse City Acreage Opportunity

    40-acre property near Traverse City ideal for various ventures.

    55 S Hope Rdg, Traverse City, MI 49696
    View details
    Wooded Land Near Traverse City
    $39,900
    1.20 Acres

    Wooded Land Near Traverse City

    1.2 acre wooded parcel near Traverse City, Michigan.

    Parcel A Hoosier Flt Rd, Traverse City, MI 49685
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    Wooded Parcel Near Traverse City
    $39,900
    1.00 Acre

    Wooded Parcel Near Traverse City

    One-acre wooded lot near Traverse City, Michigan.

    Parcel B Hoosier Flt Rd, Traverse City, MI 49685
    View details
    Torch River Access Building Site
    $109,000
    1.43 Acres

    Torch River Access Building Site

    Acre-plus lot near Torch River and Torch Lake.

    Parcel C Aarwood Trl, Rapid City, MI 49676
    View details
    Wooded 10-Acre Parcel in Michigan
    $64,900
    10.01 Acres

    Wooded 10-Acre Parcel in Michigan

    Secluded 10-acre wooded parcel near Traverse City and Torch Lake.

    6775 NW Woodline Rd, Rapid City, MI 49676
    View details
    Skegemog Lake View Acreage
    $299,000
    20.95 Acres

    Skegemog Lake View Acreage

    21-acre parcel with unobstructed Skegemog Lake views.

    Parcel K Retreats Way, Rapid City, MI 49676
    View details
    Vacant Lot in Lakes Community
    Contact for pricing
    0.41 Acres

    Vacant Lot in Lakes Community

    0.41-acre vacant lot with community amenities in Elmira, MI.

    00 Northwood Dr, Elmira, MI 49730
    View details
    Interlochen Land with Creek Frontage
    $62,000
    2.92 Acres

    Interlochen Land with Creek Frontage

    2.92 acre Interlochen parcel with 200' Kinney Creek frontage.

    N Carmean Rd, Interlochen, MI 49643
    View details
    Kingsley Buildable Lot in Subdivision
    $49,000
    0.65 Acres

    Kingsley Buildable Lot in Subdivision

    Buildable lot in growing subdivision near Traverse City and Cadillac.

    9261 Kingsfield Dr, Kingsley, MI 49649
    View details
    Suttons Bay Vacant Land Opportunity
    $400,000
    2.30 Acres

    Suttons Bay Vacant Land Opportunity

    2.3 acre build-ready parcel with West Bay frontage.

    5368 West Bay Shore Dr, Suttons Bay, MI 49682
    View details
    Residential Land in Traverse City
    $117,900
    0.85 Acres

    Residential Land in Traverse City

    Vacant land with quick access to town and amenities.

    865 Wind Drift Dr, Traverse City, MI 49684
    View details
    2.5-Acre Parcel Near Manistee Lake
    $70,000
    2.50 Acres

    2.5-Acre Parcel Near Manistee Lake

    2.5-acre parcel in Kalkaska County with electric and well.

    5038 East Shore Dr, Kalkaska, MI 49646
    View details
    Suttons Bay Vacant Waterfront Land
    $350,000
    1.02 Acres

    Suttons Bay Vacant Waterfront Land

    1.02 acres with 120 feet of private frontage.

    5380 West Bay Shore Dr, Suttons Bay, MI 49682
    View details
    Vacant Land Near Traverse City
    $84,000
    2.82 Acres

    Vacant Land Near Traverse City

    2.82 acre vacant lot near state land and trails.

    Parcel A Theron Rd, Traverse City, MI 49685
    View details
    Mesick Commercial Development Opportunity
    $389,500
    1.46 Acres

    Mesick Commercial Development Opportunity

    1.46-acre commercial land parcel in high-traffic Mesick location.

    00 W M-115, Mesick, MI 49668
    View details
    23 Acres Near Traverse City
    $259,900
    23.03 Acres

    23 Acres Near Traverse City

    23 acre parcel close to Traverse City with mature trees.

    1216 Hoch Rd, Traverse City, MI 49696
    View details
    Residential Land Near Traverse City
    $50,000
    1.06 Acres

    Residential Land Near Traverse City

    One-acre residential lot in a convenient, peaceful Traverse City location.

    42 Farm Ln, Traverse City, MI 49696
    View details
    Vacant Lot in Charlevoix, MI
    $50,000
    0.50 Acres

    Vacant Lot in Charlevoix, MI

    Spacious vacant lot in a desirable Charlevoix location.

    00 Applewood Dr, Charlevoix, MI 49720
    View details
    Torch River Access Building Site
    $109,000
    1.43 Acres

    Torch River Access Building Site

    Acre-plus lot near Torch River and Torch Lake.

    Parcel D Aarwood Trl, Rapid City, MI 49676
    View details
    Mancelona Vacant Land Parcel
    $79,000
    10.00 Acres

    Mancelona Vacant Land Parcel

    Ten acre vacant land parcel on city limits edge.

    Kresnak Rd, Mancelona, MI 49659
    View details
    Improved Vacant Land For Agriculture
    $239,000
    10.00 Acres

    Improved Vacant Land For Agriculture

    10 acres with irrigation, pole barn, and cooler.

    808 Kresnak Rd, Mancelona, MI 49659
    View details
    Wooded Acreage Near Lake Ann
    $129,000
    6.81 Acres

    Wooded Acreage Near Lake Ann

    6.81 acres of wooded land near Lake Ann, Michigan.

    Maple City Hwy, Lake Ann, MI 49650
    View details
    Secluded Wooded Parcel Near Truax Lake
    $149,900
    4.10 Acres

    Secluded Wooded Parcel Near Truax Lake

    Private 4.10-acre wooded parcel near Truax Lake.

    4811 Truax Lake Rd, Williamsburg, MI 49690
    View details
    Wooded Lot in Leelanau Highlands
    $69,500
    0.66 Acres

    Wooded Lot in Leelanau Highlands

    Vacant land in a desirable Traverse City community.

    9277 E Summerfield Dr, Traverse City, MI 49684
    View details
    Four-Season Resort in Traverse City
    $3,500,000
    10,404 SF

    Four-Season Resort in Traverse City

    40-acre resort with lodging, dining, recreation, and event hosting.

    6841 Brown Bridge Rd, Traverse City, MI 49696
    View details
    Middleville Commercial Property with Residence
    $299,900
    3,060 SF

    Middleville Commercial Property with Residence

    One-acre commercial property with pole building and separate residence.

    11316 W M-179, Middleville, MI 49333
    View details
    Oscoda Commercial Property For Sale
    $249,900
    2,581 SF

    Oscoda Commercial Property For Sale

    Centrally located commercial property in Oscoda, MI, ready for new possibilities.

    5115 N Us Highway 23, Oscoda, MI 48750
    View details
    Fife Lake Vacant Land
    $37,500
    4.00 Acres

    Fife Lake Vacant Land

    Four acre residential lot in Fife Lake, Michigan.

    Ingersoll Rd, Fife Lake, MI 49633
    View details
    Residential Lot in Interlochen, MI
    $35,000
    0.86 Acres

    Residential Lot in Interlochen, MI

    0.86 acre residential lot with utilities near Interlochen.

    #33 Old Cabin Dr, Interlochen, MI 49634
    View details
    Vacant Land in Traverse City
    $107,900
    0.93 Acres

    Vacant Land in Traverse City

    Residential land with quick access to town, beaches, and parks.

    843 Wind Drift Dr, Traverse City, MI 49684
    View details
    Industrial Compound Near Traverse City
    $995,000
    63,240 SF

    Industrial Compound Near Traverse City

    63,240 SF manufacturing/warehouse on 8+ acres near Traverse City.

    8055 Angell Rd, Williamsburg, MI 49690
    View details
    Wooded Land Near Kingsley
    $89,000
    2.50 Acres

    Wooded Land Near Kingsley

    2.5 acres of wooded land, ideal for building.

    F4 Jackson Crk Rd, Kingsley, MI 49649
    View details
    Land Parcel with Water Views
    $55,000
    5.99 Acres

    Land Parcel with Water Views

    6-acre parcel with water views near Skegemog Lake.

    Parcel F Retreats Way, Rapid City, MI 49676
    View details
    Wooded 2.5 Acre Buildable Lot
    Contact for pricing
    2.50 Acres

    Wooded 2.5 Acre Buildable Lot

    2.5 acre wooded lot near Mancelona, Michigan.

    0001 Cedar River Rd, Mancelona, MI 49659
    View details
    Secluded Wooded Land in Mancelona
    $43,000
    10.00 Acres

    Secluded Wooded Land in Mancelona

    10-acre wooded lot near Jordan Valley State Forest.

    00 Stark Rd, Mancelona, MI 49659
    View details
    Secluded Wooded Acreage Near Traverse
    $399,000
    13.44 Acres

    Secluded Wooded Acreage Near Traverse

    13.44-acre wooded parcel near Lake Leelanau and Traverse City.

    00 S Cottonwood Dr, Traverse City, MI 49684
    View details
    22 Acres with Lake Views
    $120,000
    22.38 Acres

    22 Acres with Lake Views

    Spacious wooded land with lake views near Torch Lake.

    Parcel A Retreats Way, Rapid City, MI 49676
    View details
    Honor, MI Vacant Land
    $274,989
    10.00 Acres

    Honor, MI Vacant Land

    10-acre parcel near Sleeping Bear Dunes with improvements.

    5896 Indian Hill Rd, Honor, MI 49640
    View details
    Kalkaska Commercial Land Opportunity
    $66,500
    2.65 Acres

    Kalkaska Commercial Land Opportunity

    2.65-acre commercial parcel with highway frontage in Kalkaska, Michigan.

    Kalkaska, MI 49646
    View details
    Leelanau County Vacant Land Opportunity
    $249,000
    4.42 Acres

    Leelanau County Vacant Land Opportunity

    4+ acres in Leelanau County with well and build sites.

    3 E Bingham Valley Dr, Traverse City, MI 49684
    View details
    Lake Michigan Waterfront Land Parcel
    $900,000
    1.02 Acres

    Lake Michigan Waterfront Land Parcel

    Rare 1.02-acre parcel with direct Lake Michigan frontage.

    00 N Onominese Trl, Northport, MI 49870
    View details
    Warehouse MRKT in Traverse City
    $2,950,000
    18,454 SF

    Warehouse MRKT in Traverse City

    Iconic Traverse City building with established tenants and redevelopment potential.

    144 Hall St, Traverse City, MI 49684
    View details
    Old Mission Peninsula Land Parcel
    $225,000
    1.30 Acres

    Old Mission Peninsula Land Parcel

    1.3-acre parcel on Old Mission Peninsula with utilities.

    1000 Camino Maria, Traverse City, MI 49686
    View details
    Iconic Fruit Farm on Peninsula
    $699,000
    68.18 Acres

    Iconic Fruit Farm on Peninsula

    68+ acre fruit farm on Old Mission Peninsula.

    3089 Swaney Rd, Traverse City, MI 49686
    View details
    Traverse City Land Development Opportunity
    $1,100,000
    10.40 Acres

    Traverse City Land Development Opportunity

    Rare development opportunity with elevated views of East Bay.

    4513 Weathering Heights Rd, Traverse City, MI 49686
    View details
    M-72 Frontage Investment Property
    $195,000
    1,056 SF

    M-72 Frontage Investment Property

    Well-maintained commercial property on high-visibility M-72 in Grayling.

    307 Huron St, Grayling, MI 49738
    View details
    Empire, MI Vacant Land
    $223,000
    8.56 Acres

    Empire, MI Vacant Land

    8.56 acres of rolling hardwoods near Lake Michigan beaches.

    S Golden Valley Dr, Empire, MI 49630
    View details
    Traverse City Buildable Vacant Land
    $125,000
    0.13 Acres

    Traverse City Buildable Vacant Land

    Vacant lot near downtown Traverse City with building options.

    615 Grant St, Traverse City, MI 49686
    View details
    Traverse City 40-Acre Estate
    $3,500,000
    40.39 Acres

    Traverse City 40-Acre Estate

    40-acre Traverse City property ideal for residential or commercial ventures.

    55 S Hope Rdg, Traverse City, MI 49696
    View details
    Wooded Land with Creek Frontage
    $115,000
    6.06 Acres

    Wooded Land with Creek Frontage

    6.06 acre wooded parcel with Battle Creek frontage.

    Latham Ct, Williamsburg, MI 49690
    View details
    Spectacular Acreage with Panoramic Views
    $2,900,000
    100.18 Acres

    Spectacular Acreage with Panoramic Views

    Park-like property with bay views, shared lake frontage.

    Timberlee Dr, Traverse City, MI 49684
    View details
    Roomy Wooded Lot in Interlochen
    $35,000
    1.10 Acres

    Roomy Wooded Lot in Interlochen

    Wooded 1.1 acre lot with utilities near Interlochen.

    #1 Old Cabin Dr, Interlochen, MI 49634
    View details
    Traverse City Vacant Residential Lot
    $99,000
    0.09 Acres

    Traverse City Vacant Residential Lot

    0.098-acre lot near downtown Traverse City for single-family construction.

    00 Barlow St, Traverse City, MI 49686
    View details
    Land in Traverse City Heart
    $99,000
    0.09 Acres

    Land in Traverse City Heart

    0.098-acre parcel to build your dream home.

    974 Barlow St, Traverse City, MI 49686
    View details
    Residential Lot in LochenHeath
    $85,000
    0.59 Acres

    Residential Lot in LochenHeath

    Vacant land to build your dream home.

    7549 Highgrove Trl, Williamsburg, MI 49690
    View details
    Industrial Land in Traverse City
    $194,900
    2.05 Acres

    Industrial Land in Traverse City

    2 acres of industrial-zoned land in Traverse City, Michigan.

    00 Business Park Dr, Traverse City, MI 49686
    View details
    Forested Land Near Manistee Lake
    $64,000
    4.70 Acres

    Forested Land Near Manistee Lake

    4.7 acres of forested land near Manistee Lake.

    5766 E Shore Dr, Kalkaska, MI 49646
    View details
    20 Acres Vacant Land
    $189,000
    20.00 Acres

    20 Acres Vacant Land

    20 acres of land with electric and septic installed.

    3976 Irvin Rd, Kingsley, MI 49649
    View details
    Residential Land Near Traverse City
    $84,000
    2.79 Acres

    Residential Land Near Traverse City

    2.79 acre residential lot close to Traverse City, Michigan.

    Parcel D Theron Rd, Traverse City, MI 49685
    View details
    Resort and Multifamily Investment Opportunity
    $12,900,000
    1,780 SF

    Resort and Multifamily Investment Opportunity

    Scandinavian-inspired resort near Grand Traverse Bay with income-generating assets.

    5961 E Oslo St, Williamsburg, MI 49690
    View details
    KOTI Resort Multifamily Development Opportunity
    $4,900,000
    9.00 Acres

    KOTI Resort Multifamily Development Opportunity

    9-acre parcel with site plan for 146 units.

    5961 E Oslo St, Williamsburg, MI 49690
    View details
    Prime Mixed-Use Development Opportunity
    $1,995,000
    4.35 Acres

    Prime Mixed-Use Development Opportunity

    Shovel-ready 4.35-acre site with mixed-use potential in Williamsburg, MI.

    4160 E M-72 E, Williamsburg, MI 49690
    View details
    Elmira Vacant Land Near Lakes
    Contact for pricing
    1.94 Acres

    Elmira Vacant Land Near Lakes

    1.94 acre wooded lots with access to amenities.

    V/L Forestgrove Dr, Elmira, MI 49730
    View details
    Wooded Lot Near Interlochen
    $39,900
    0.83 Acres

    Wooded Lot Near Interlochen

    Roomy wooded lot with utilities near Interlochen and Traverse City.

    #31 Old Cabin Dr, Interlochen, MI 49634
    View details
    Kalkaska Vacant Land Near Manistee Lake
    Contact for pricing
    1.17 Acres

    Kalkaska Vacant Land Near Manistee Lake

    1.17-acre parcel near Manistee Lake, ideal for recreation.

    NE County Road 612, Kalkaska, MI 49646
    View details
    Buildable Lot in Empire Village
    $72,000
    0.50 Acres

    Buildable Lot in Empire Village

    Half-acre buildable lot near Lake Michigan and local amenities.

    11789 S Roen Dr, Empire, MI 49630
    View details
    40 Acres Versatile Land Parcel
    $240,000
    40.00 Acres

    40 Acres Versatile Land Parcel

    40-acre parcel near Traverse City, suitable for various uses.

    Gleaner Hall Rd, Kingsley, MI 49649
    View details
    Wooded Lot Near Interlochen
    $39,900
    0.86 Acres

    Wooded Lot Near Interlochen

    Roomy wooded lot with utilities near Interlochen and Traverse City.

    #32 Old Cabin Dr, Interlochen, MI 49634
    View details
    Wooded Lot Near Interlochen
    $39,900
    0.79 Acres

    Wooded Lot Near Interlochen

    Roomy wooded lot near Interlochen with utilities.

    #2 Old Cabin Dr, Interlochen, MI 49634
    View details
    Residential Land Near Traverse City
    $70,000
    1.06 Acres

    Residential Land Near Traverse City

    Leelanau County building site close to parks and Traverse City.

    9394 E Hoxie Rd, Cedar, MI 49621
    View details
    Boyne City Vacant Land Parcel
    $109,000
    1.56 Acres

    Boyne City Vacant Land Parcel

    1.56 acre wooded lot near Boyne City downtown.

    00 Lynn St, Boyne City, MI 49712
    View details
    Traverse City Vacant Land Parcel
    $1,200,000
    14.70 Acres

    Traverse City Vacant Land Parcel

    14.7-acre parcel near Garfield and Hammond with utility access.

    2051 N Garfield Rd, Traverse City, MI 49686
    View details
    Wooded Land Parcel Near Kalkaska
    $39,900
    5.00 Acres

    Wooded Land Parcel Near Kalkaska

    Wooded 5-acre parcel ideal for building or recreation.

    N Wheeler Lk Rd, Kalkaska, MI 49646
    View details
    a rare investment opportunity in one of Michigan\u00c3\u0083\u00c2\u00a2\u00c3\u00a2?\u00c2\u00ac\u00c3\u00a2?\u00c2\u00a2s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape
    $14,900,000
    1,780 SF

    a rare investment opportunity in one of Michigan\u00c3\u0083\u00c2\u00a2\u00c3\u00a2?\u00c2\u00ac\u00c3\u00a2?\u00c2\u00a2s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape

    situated just a \u00c3\u0083?\u00c3\u0082\u00c2\u00bc mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI\u00c3\u0083\u00c2\u00a2\u00c3\u00a2?\u00c2\u00ac\u00c3\u00a2?\u00c2\u00a2s unique design and location make it the ideal spot for everything from quiet getaways to family vacations

    5961 Oslo, Williamsburg, MI 49690
    View details
    5115 Us-23, Oscoda, MI 48750
    $249,900
    2,581 SF

    5115 Us-23, Oscoda, MI 48750

    Industrial properties

    5115 Us-23, Oscoda, MI 48750
    View details
    Williamsburg Mixed-Use Investment Opportunity
    Contact for pricing
    3,200 SF

    Williamsburg Mixed-Use Investment Opportunity

    Prime Williamsburg location, 3200 sq ft mixed-use building.

    5962 Oslo St, Williamsburg, MI 49690
    View details
    Kalkaska Commercial Building on 9 Acres
    Contact for pricing
    14,835 SF

    Kalkaska Commercial Building on 9 Acres

    14,835 sq ft building on 9 acres in Kalkaska.

    890 Island Lake Rd, Kalkaska, MI 49646
    View details
    Waterfront Development Parcel on West Bay
    Contact for pricing

    Waterfront Development Parcel on West Bay

    12.01 acre waterfront parcel with development potential.

    13380 SW Bayshore Dr, Traverse City, MI 49684
    View details
    Commercial Property in Central Oscoda
    $249,900

    Commercial Property in Central Oscoda

    Centrally located commercial property with high visibility in Oscoda, MI.

    5115 N Us Highway 23, Oscoda, MI 48750
    View details
    12930 S W Bay Shore Dr, Greilickville, MI 49684
    $1,695,000

    12930 S W Bay Shore Dr, Greilickville, MI 49684

    Mixed-use properties

    12930 W Bayshore Dr, Traverse City, MI 49684
    View details
    Vacant Industrial Land For Sale
    $194,900

    Vacant Industrial Land For Sale

    Two-acre industrial-zoned land parcel in Traverse City's business corridor.

    00 Business Park Dr, Traverse City, MI 49686
    View details
    Industrial Compound Near Traverse City
    $995,000

    Industrial Compound Near Traverse City

    63,240 SF industrial facility on 8+ acres.

    8055 Angell Rd, Williamsburg, MI 49690
    View details
    20 Acres in Northern Michigan
    $189,000

    20 Acres in Northern Michigan

    20 acres of land with electric and septic installed.

    3976 Irvin Rd, Kingsley, MI 49649
    View details
    Wooded 10-Acre Parcel in Michigan
    $64,900

    Wooded 10-Acre Parcel in Michigan

    Secluded 10-acre wooded parcel near Kalkaska, bordering state land.

    6775 NW Woodline Rd, Rapid City, MI 49676
    View details
    Iconic Warehouse MRKT Building
    Contact for pricing
    18,454 SF

    Iconic Warehouse MRKT Building

    Thriving Traverse City marketplace with multi-tenant rental model.

    144 Hall St, Traverse City, MI 49684
    View details

    For Lease (4)

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    Traverse City Industrial Space Available
    $4,950 / Mo
    4,860 SF

    Traverse City Industrial Space Available

    Functional industrial space with high power capacity and convenient access.

    1416 Industry Dr, Traverse City, MI 49696
    View details
    Suttons Bay Office Space
    $3,400 / Mo
    3,024 SF

    Suttons Bay Office Space

    Prime office space in Suttons Bay, adaptable for various businesses.

    73 W Fourth St, Suttons Bay, MI 49682
    View details
    Kalkaska Commercial Space For Lease
    $2,700 / Mo
    1,645 SF

    Kalkaska Commercial Space For Lease

    Versatile 1,600 sq ft commercial space in Kalkaska, Michigan.

    786 S Cedar St, Kalkaska, MI 49646
    View details
    Kalkaska Commercial Space For Lease
    $2,700 / Mo

    Kalkaska Commercial Space For Lease

    Versatile 1,600 SF commercial space in high-traffic Kalkaska location.

    786 S Cedar St, Kalkaska, MI 49646
    View details

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    Realmo Value Estimations

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    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
    Re/max Bayshore Properties
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