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 W Miller Rd Mio, MI 49647

    Sponsored
    For Sale
    $159,000

    Vacant Lot/Land - Mio, MI

    Lot size:
    39.00 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 20 at 3:06 am

    Property Features for 00 W Miller Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Forest/Recreational,Rural
    Exterior features
    None, Countryside View
    Lot size
    39.00 Acres

    Utilities

    Water front features
    Creek, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Benjamin

    Benjamin Realty (989) 685-2414

    Listing agent MARK BENJAMIN (989) 685-2414

    Listing date Feb 7, 2026

    MLS# 1942134 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. 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

    Mio Vacant Land Opportunity

    This is a 39-acre parcel located north of Mio. The square-shaped property, with a small exception in the northwest corner, features a mostly wooded and rolling landscape. It has frontage on both Miller and Gerber Roads. Power is readily available, making it suitable for building a home or recreational getaway. A small creek meanders through the property, fed by another tiny creek from the north. The land features a mix of open areas, low-lying spots, and an abundance of fir, spruce, cedar, and poplar wooded high ground. This property is suited for hunting, providing winter habitat for white-tailed deer, grouse, and rabbits. It is located 4-5 miles from both Mio and Fairview, near the AuSable River and State and Federal Forest land. The property is zoned for forest/recreational and rural use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel Pharmacy Department Store Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mio
    County
    Oscoda
    State
    Michigan
    Longitude
    -84.153496783447
    Latitude
    44.723569274653

    Nearby Similar for Sale

    • $699,000
      Pending

      Mio Auto Repair Facility

      Full-service auto repair and gas station on 3 acres.
      210 Summit Dr S, Mio, MI 48647
      View Details
    • $1,849,000
      20.00 Acres

      Commercial Property with Warehouse Storage

      40-acre commercial property with showroom, offices, and warehouse storage.
      693 E Kittle Rd, Mio, MI 48647
      View Details
    • $150,000
      320 SF

      Mio Commercial Restaurant Opportunity

      Commercial restaurant property in Mio, Michigan with expansion potential.
      509 S Morenci Ave, Mio, MI 48647
      View Details
    • $265,000
      2,102 SF

      Mio Commercial Bar/Restaurant Opportunity

      Affordable bar/restaurant near AuSable River in Mio, Michigan.
      4700 Mckinley Rd, Mio, MI 48647
      View Details
    • $265,000
      2,102 SF

      Mio Bar/Restaurant Near AuSable River

      Quaint bar and restaurant near the AuSable River.
      4700 Mckinley Rd, Mio, MI 48647
      View Details
    • $119,000
      1,152 SF

      Mio Commercial Property on M-33

      Commercial property on M-33 with ample parking and equipment.
      463 S Mount Tom Rd, Mio, MI 48647
      View Details
    • $399,900

      Equestrian Property Near Shore Trails

      10-acre equestrian property with ranch home and horse barn.
      2495 Stitt Rd, Mio, MI 48647
      View Details
    • $295,000
      2,102 SF

      Mio Industrial Property: Riverfront Opportunity

      Charming Bar/Restaurant, River Views, Great Location
      4700 Mckinley Rd, Mio, MI 48647
      View Details

    FAQs

    What type of property is this?
    Recreation land - 39 acres of wooded land near Mio and Fairview.
    Where is this recreation land located?
    The property is located at 00 W Miller Rd Mio, MI.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: - 39 acres of wooded land with rolling terrain; - Frontage on two roads (Miller and Gerber); - Creek meandering through the property
    (224) 217-7355
    Request Owner's contact information
    00 W Miller Rd Mio, MI 49647
    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 W Miller Rd
    Mio, MI 49647
    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 W Miller Rd Mio, MI 49647
    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
    Mark Benjamin
    (224) 217-7355 (989) 685-2414
    Learn more
    Google sign-in failed. Please try again or use another login method.