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

    0000 Johnson Dr Lake Orion, MI 48362

    Sponsored
    For Sale
    Contact for pricing

    Vacant Land - Lake Orion, MI

    Lot size:
    0.06 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 20 at 10:06 pm

    Property Features for 0000 Johnson Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    0901138026
    Lot size
    0.06 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Cormier
    Sarah Cormier

    eXp Realty (888) 501-7085

    Listing agent Sarah Cormier (888) 501-7085

    Listing date Feb 20, 2026

    MLS# 20261010686 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

    Residential Land in Lake Orion

    This vacant residential land, consisting of approximately 0.06 acres, is located in Lake Orion, Michigan. Situated within the Bunny Run Country Club Subdivision, the property is near Long Lake and has a Lake Orion mailing address and is part of the Lake Orion School District. The land is zoned for residential use, offering an opportunity to build a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Orion
    County
    Oakland
    State
    Michigan
    Longitude
    -83.230782
    Latitude
    42.793953

    Nearby Similar for Sale

    • $1,750,000
      12,000 SF

      Versatile Commercial/Light Industrial Complex

      12,000 SF commercial/light industrial complex on 2.09 acres.
      4800 Joslyn Rd, Lake Orion, MI 48359
      View Details
    • $1,500,000
      6,809 SF

      Historic Restaurant with Lake Views

      Versatile restaurant with lake views and updated features.
      801 S Lapeer Rd, Lake Orion, MI 48362
      View Details
    • Contact for pricing
      472,515 SF

      Detroit Infill Industrial Portfolio

      472,515 SF industrial portfolio in the Detroit MSA.
      320 Engelwood Dr, Lake Orion, MI 48359
      View Details
    • Contact for pricing
      4,560 SF

      Single Tenant Office Building

      4,560 SF office building, 100% occupied by credit tenant.
      200 E Silverbell Rd, Lake Orion, MI 48359
      View Details
    • $110,000
      2,200 SF

      Established Restaurant Business Opportunity

      Established restaurant for sale in Oakland County, Lake Orion.
      111 Oakland Rd, Lake Orion, MI 48359
      View Details
    • $4,000,000
      40,016 SF

      Prime Orion Twp Office/Warehouse

      40,016 SF, 6 Units, $4M Asking
      118 Indianwood Rd, Orion Township, MI 48362
      View Details
    • $4,000,000
      40,016 SF

      4-Acre Lot with Industrial Building

      40,016 SF industrial building with development potential near M24.
      118 Indianwood Rd, Lake Orion, MI 48362
      View Details
    • $500,000
      1,505 SF

      Auto Repair Shop on M24

      Auto repair shop with expansion potential on 1.24 acres.
      30 W Clarkston Rd, Lake Orion, MI 48362
      View Details
    • $149,900

      Profitable Tubby's Sub Franchise Opportunity

      Highly successful Tubby's Sub franchise in prime downtown location.
      700 S Lapeer Rd, Lake Orion, MI 48362
      View Details
    • Contact for pricing
      14,448 SF

      Lake Orion Office Building For Sale/Lease

      14,448 SF Office Space, Ample Parking
      1520 Lapeer Rd, Orion Township, MI 48360
      View Details
    • $130,000

      Established Restaurant in Oakland County

      Turn-key restaurant for sale with growth potential.
      111 Oakland Rd, Lake Orion, MI 48359
      View Details
    • Contact for pricing
      1,612 SF

      Lake Orion Convenience Store Opportunity

      Existing 1,612 SF convenience store in Lake Orion for sale.
      41 N Conklin Rd, Lake Orion, MI 48362
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land near Long Lake, Lake Orion mailing address.
    Where is this residential land & home lot located?
    The property is located at 0000 Johnson Dr Lake Orion, MI.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: - Opportunity to build a custom dream home.; - Located in the desirable Bunny Run Country Club Subdivision.; - Enjoy close proximity to Long Lake.
    (248) 259-3289
    Request Owner's contact information
    0000 Johnson Dr Lake Orion, MI 48362
    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.
    0000 Johnson Dr
    Lake Orion, MI 48362
    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
    0000 Johnson Dr Lake Orion, MI 48362
    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
    Sarah Cormier
    Sarah Cormier
    Real Estate License ID: 6501396243
    (248) 259-3289 (888) 501-7085
    Learn more
    Google sign-in failed. Please try again or use another login method.