Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    00 Valleywood Cir Elmira, MI 49730

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Elmira, MI

    Lot size:
    0.43 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 25 at 3:06 am

    Property Features for 00 Valleywood Cir

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    Residential
    APN
    07228000016600
    Exterior features
    Electric, Near Golf Course, Level, Wooded, Swim Association
    Lot size
    0.43 Acres

    Utilities

    Water front features
    Beach Access, Lake Privileges, Pencil Lake

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randy Miller
    Randy Miller

    rlclarkston,llc (248) 599-3124

    Listing agent Randy Miller (248) 599-3124

    Listing date Jan 29, 2026

    MLS# 20250002807 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land with Community Amenities

    This 0.43-acre vacant land offers an opportunity to own property in a northern Michigan community with access to various amenities. As part of an association, owners can enjoy a year-round campground with modern showers, an 18-hole golf course, a pro shop, and a full-service restaurant and tavern. Optional access to a private airport is available. A recently constructed clubhouse features a pool, waterslides, a hot tub, arcade rooms, and showers. Outdoor recreational options include two tennis/pickleball courts, shuffleboard, horseshoes, and a playground. Winter activities are available with an ice rink, cross-country ski trails, and snowmobile trails. Several lakes within the community offer canoe and paddle-boat rentals. Located in Elmira, Michigan, the property is 30-45 minutes from Traverse City, Torch Lake, and Gaylord. The land can be used to build a permanent structure with utilities. Campers and tents are allowed only if a permanent structure with utilities is present. Annual dues for the lot are $332 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Hair Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Otsego
    State
    Michigan
    Longitude
    -84.8765
    Latitude
    45.0515

    FAQs

    What type of property is this?
    Recreation land - Land with access to extensive recreational facilities and community.
    Where is this recreation land located?
    The property is located at 00 Valleywood Cir Elmira, MI.
    What is the asking price?
    The asking price for this property is $1,500.
    What are key features of this property?
    This property features: - Access to extensive community amenities including an 18-hole golf course, pool with waterslides, restaurant, tennis and pickleball courts.; - Enjoy year-round recreational activities with a campground, winter sports like ice rink and ski/snowmobile trails, and lake access with canoe and paddle-boat rentals.; - Conveniently located just 30-45 minutes from Traverse City, Torch Lake, and Gaylord.
    (248) 397-6999
    Request Owner's contact information
    00 Valleywood Cir Elmira, MI 49730
    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.
    00 Valleywood Cir
    Elmira, MI 49730
    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
    00 Valleywood Cir Elmira, MI 49730
    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

    We can help!
    Listing Contact
    Randy Miller
    Randy Miller
    Real Estate License ID: 6502416040
    (248) 397-6999 (248) 620-1000 (248) 346-4806
    Learn more
    Google sign-in failed. Please try again or use another login method.