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    For Sale (27)

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    Vacant Land in Sugar Springs
    Contact for pricing
    0.39 Acres

    Vacant Land in Sugar Springs

    Unimproved lot in Sugar Springs community, near golf course.

    551 Hockaday Rd, Gladwin, MI 48624
    View details
    92 Acres Wooded Land
    $350,000
    92.00 Acres

    92 Acres Wooded Land

    92 acres of wooded land near Buck's Run Golf Course.

    92 Acres Riv E, Mount Pleasant, MI 48858
    View details
    Buildable Double Lot Near Lake
    $32,700
    0.42 Acres

    Buildable Double Lot Near Lake

    Buildable 0.42 acre double lot with utilities near Kerswill Lake.

    1090 Ranger Dr, Gladwin, MI 48624
    View details
    Waterfront Land on Smallwood Lake
    $52,000
    0.46 Acres

    Waterfront Land on Smallwood Lake

    Affordable up-north waterfront property with 75 feet on All-Sports lake.

    V/L Rivers Ter, Gladwin, MI 48624
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    Residential Land in Beaverton, Michigan
    $37,700
    0.30 Acres

    Residential Land in Beaverton, Michigan

    Vacant lot with garage and foundation for cabin construction.

    2495 Betty Ln, Beaverton, MI 48612
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    Established Business in Downtown Beaverton
    $175,000
    762 SF

    Established Business in Downtown Beaverton

    Well-established business in high-traffic area with full kitchen.

    301 S Ross St, Beaverton, MI 48612
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    Vacant Land in Gladwin, MI
    Contact for pricing
    0.21 Acres

    Vacant Land in Gladwin, MI

    Vacant land suitable for building a pole barn.

    28 Barn Ct, Gladwin, MI 48624
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    Established Diner Business Opportunity
    $799,000
    3,338 SF

    Established Diner Business Opportunity

    Restaurant business with building and parking in Gladwin, Michigan.

    711 N Silverleaf St, Gladwin, MI 48624
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    Lake Four Access Vacant Land
    $74,900
    0.50 Acres

    Lake Four Access Vacant Land

    Half-acre land with lake access, RV hookups, and sheds.

    1976 Lake 4 Rd, Gladwin, MI 48624
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    Prime Downtown Corner Lot
    $30,000
    0.50 Acres

    Prime Downtown Corner Lot

    Commercial land in downtown Gladwin with utilities available.

    700 W Cedar St, Gladwin, MI 48624
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    Residential/Agricultural Land Near Downtown
    $32,000
    3.96 Acres

    Residential/Agricultural Land Near Downtown

    3.96 acre residential/agricultural land near downtown Midland, Michigan.

    W Isabella St, Midland, MI 48640
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    Land in Sugar Springs Community
    $48,900
    0.82 Acres

    Land in Sugar Springs Community

    Vacant land with amenities in Gladwin's Sugar Springs community.

    2056 Heather Way, Gladwin, MI 48624
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    Dual Lot in Sugar Springs
    $54,500
    0.98 Acres

    Dual Lot in Sugar Springs

    Two lots perfect for camping, recreation, or future development.

    1832 Bye Way, Gladwin, MI 48624
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    Wooded Land Near Kerswill Lake
    Contact for pricing
    0.38 Acres

    Wooded Land Near Kerswill Lake

    Two wooded lots near Kerswill Lake, ideal for building.

    47 Shearer Rd, Gladwin, MI 48624
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    Wooded 10 Acres for Hunting
    $49,900
    10.00 Acres

    Wooded 10 Acres for Hunting

    10 acres of wooded land suitable for hunting or building.

    10 Acres Beaverton, Beaverton, MI 48612
    View details
    3.61 Acre Commercial Parcel
    $189,900
    3.61 Acres

    3.61 Acre Commercial Parcel

    Commercial land parcel near Gladwin and West Branch, Michigan.

    3.61 Acres Sugar Riv, Gladwin, MI 48624
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    Vacant Land Near Lake Lancer
    Contact for pricing
    0.33 Acres

    Vacant Land Near Lake Lancer

    Vacant land near Lake Lancer, suitable for building a pole barn.

    42 Barn Ct, Gladwin, MI 48624
    View details
    Waterfront Land on Tittabawassee River
    $110,000
    0.30 Acres

    Waterfront Land on Tittabawassee River

    Waterfront lot with river access, decking, docks, and bunkhouse.

    4260 Peters Rd, Alger, MI 48610
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    Alger Motel: Endless Possibilities
    $200,000
    6,500 SF

    Alger Motel: Endless Possibilities

    9-unit motel with potential for apartments or daycare.

    1396 N M 76, Alger, MI 48610
    View details
    Waterfront Lot on Sutherland Lake
    $68,000
    0.66 Acres

    Waterfront Lot on Sutherland Lake

    0.65-acre waterfront lot with 100 feet of frontage.

    Parcel G Sheridan, Harrison, MI 48625
    View details
    Sugar Springs Double Lot Retreat
    $62,500
    0.63 Acres

    Sugar Springs Double Lot Retreat

    Double lot in Sugar Springs with camping setup and amenities.

    2407 Rothbury Ct, Gladwin, MI 48624
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    Wooded Land Near Ross Lake
    Contact for pricing
    2.17 Acres

    Wooded Land Near Ross Lake

    2.17 acres of wooded land perfect for camping.

    2.17 Acres Br N, Beaverton, MI 48612
    View details
    Commercial Parcel Near Gladwin
    Contact for pricing

    Commercial Parcel Near Gladwin

    3.61-acre commercial parcel with high visibility on paved road.

    Sugar River Rd, Gladwin, MI 48624
    View details
    Established Business in Downtown Beaverton
    Contact for pricing
    762 SF

    Established Business in Downtown Beaverton

    Well-established business with full kitchen in high-traffic downtown area.

    301 S Ross St, Beaverton, MI 48612
    View details
    Prime Downtown Corner Lot
    Contact for pricing
    21,060 SF

    Prime Downtown Corner Lot

    Corner lot in downtown Gladwin with utilities available.

    700 W Cedar St, Gladwin, MI 48624
    View details
    Commercial Parcel Near Gladwin
    Contact for pricing

    Commercial Parcel Near Gladwin

    3.61 acre commercial parcel with high visibility.

    3.61 Acres Sugar Riv, Gladwin, MI 48624
    View details
    Established Diner with Large Parking
    Contact for pricing
    3,338 SF

    Established Diner with Large Parking

    Well-known diner with a full kitchen and ample parking.

    711 N Silverleaf St, Gladwin, MI 48624
    View details

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    RE/MAX RIVER HAVEN
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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
    RE/MAX RIVER HAVEN
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