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    For Sale (16)

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    Lakefront Land in Jackson, MI
    Contact for pricing
    0.83 Acres

    Lakefront Land in Jackson, MI

    Lakefront land in an exclusive community with access to all-sports lake.

    35 Coronado Dr, Jackson, MI 49201
    View details
    Ann Arbor Vacant Land Parcel
    $350,000
    0.50 Acres

    Ann Arbor Vacant Land Parcel

    0.5-acre vacant land parcel in Ann Arbor, Michigan.

    2108 Newport Rd, Ann Arbor, MI 48103
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    Vacant Lot in Ann Arbor
    $325,000
    0.35 Acres

    Vacant Lot in Ann Arbor

    0.35-acre vacant land parcel in a sought-after Ann Arbor neighborhood.

    2374 Newport Rd, Ann Arbor, MI 48103
    View details
    Standish Commercial Property on US-23
    $1,700,000
    7,220 SF

    Standish Commercial Property on US-23

    High-visibility commercial property with income potential in Standish, Michigan.

    4433 S Huron Rd, Standish, MI 48658
    View details
    Ann Arbor Land Parcel
    $145,000
    0.26 Acres

    Ann Arbor Land Parcel

    Land parcel in Ann Arbor, close to amenities.

    2900 Sharon Dr, Ann Arbor, MI 48108
    View details
    7-Acre Mini Farm in Saline
    $289,900
    6.94 Acres

    7-Acre Mini Farm in Saline

    7-acre mini farm with barns and Quonset building near Saline.

    6300 Dell Rd, Saline, MI 48176
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    Houghton Lake Lot For Sale
    $35,000
    0.06 Acres

    Houghton Lake Lot For Sale

    Affordable lot near Houghton Lake with community amenities.

    174 Sandy Oak Blvd, Houghton Lake, MI 48629
    View details
    Land with Preserved Legacy Views
    $125,000
    2.17 Acres

    Land with Preserved Legacy Views

    2.17-acre land with views of Legacy Farm in Dexter, MI.

    6336 Mast Rd, Dexter, MI 48130
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    35 Acres Wooded Land, Saline
    $409,000
    34.30 Acres

    35 Acres Wooded Land, Saline

    35 acres of wooded land, ideal building site.

    Macon Rd, Saline, MI 48176
    View details
    Munith Commercial Opportunity on Trail
    $135,000
    1,500 SF

    Munith Commercial Opportunity on Trail

    Restaurant or takeout destination near Lakelands Trail State Park.

    100 N Main St, Munith, MI 49259
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    Pinckney Commercial Property For Sale
    $425,000
    1,344 SF

    Pinckney Commercial Property For Sale

    Commercial property in Pinckney, MI, featuring 1344 square feet.

    5546 E M 36, Pinckney, MI 48169
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    Scenic Woodland Lot in Chelsea
    $145,000
    3.06 Acres

    Scenic Woodland Lot in Chelsea

    3-acre wooded lot near Chelsea and Dexter, close to Ann Arbor.

    794 Greystone Dr, Chelsea, MI 48118
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    Downtown Saline Mixed-Use Property
    $1,000,500
    4,594 SF

    Downtown Saline Mixed-Use Property

    Updated mixed-use property in downtown Saline featuring retail and residential.

    100 S Ann Arbor St, Saline, MI 48176
    View details
    Fowlerville Land Near Community Park
    $250,000
    28.53 Acres

    Fowlerville Land Near Community Park

    Approximately 30 acres of land in downtown Fowlerville, Michigan.

    lot 32&37 N Ann St, Fowlerville, MI 48836
    View details
    Restaurant Opportunity Near Lakelands Trail
    $135,000

    Restaurant Opportunity Near Lakelands Trail

    Restaurant property near Lakelands Trail State Park in Munith, MI.

    100 N Main St, Munith, MI 49259
    View details
    Land For Sale
    $325,000

    Land For Sale

    Land available on Newport Road, Ann Arbor.

    2374 Newport Rd, Ann Arbor, MI 48103
    View details

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    • For Sale

    Properties for sale

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    The Edward Surovell Company
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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
    The Edward Surovell Company
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