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    11401/11415 Hibner Hartland Twp, MI 48353

    View on Map
    For Sale
    Under Contract
    $399,000

    1 to 4 Units,House,Investment - Hartland Twp, MI

    Property size:
    2,721 SF
    Lot size:
    20.20 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    117
    Last Refresh:
    Apr 6 at 4:06 am

    Property Features for 11401/11415 Hibner

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Agricultural,Non-Conforming
    Patio and Porch features
    Patio, Deck
    Interior features
    Cafe/Kitchen, Carpet, Internet Available, Electric Available, Private Restrooms, Restroom(s), Wood Floors
    Exterior features
    Deck/Patio
    Standard status
    Active Under Contract
    APN
    4708-10-300-002
    Size
    2,721 SF
    Lot size
    20.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10950.33

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Wall/Window Unit(s)

    Building Details

    Year built
    1993
    Flooring type
    Carpet, Wood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Tom Webb
    Tom Webb

    Listing agent Tom Webb License #6502374762

    Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI

    Listing date Dec 10, 2025

    MLS# 50195921 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hartland Township Multi-Unit Investment Property

    This versatile investment property features two residential units situated on more than 20 wooded acres. The primary residence is a 1,809 sq ft ranch featuring 3 bedrooms, 2 full baths, multiple living areas, a wrap-around porch, and a walkout basement plumbed for additional finishing. This unit is tenant-occupied with a lease in place through November 2026. The second unit is a newly updated 2-bedroom, 1-bath cottage with modern finishes, a spacious kitchen with attached dining area, and basement access with lower-level laundry. The property includes a circular driveway and ample parking. The 20+ acres of wooded land offer recreational use and potential expansion options. The property provides immediate revenue, multiple dwelling units, and acreage that supports a wide range of future uses. The property is located in Hartland Township.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Hartland Twp
    County
    Livingston
    State
    Michigan
    Longitude
    -83.716
    Latitude
    42.6516

    FAQs

    What type of property is this?
    Duplex - Two residential units on 20+ acres with long-term tenant.
    Where is this duplex located?
    The property is located at 11401/11415 Hibner Hartland Twp, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 20+ acre parcel in Hartland Township with two residential units; Existing rental income from tenant‑occupied primary residence (1,809 sq ft, 3 bed, 2 bath ranch) with lease through November 2026; Second, newly updated 2‑bedroom, 1‑bath cottage suitable for long‑term rental or other occupancy
    (989) 492-0650
    We can help!
    Listing Contact
    Tom Webb
    Tom Webb
    Real Estate License ID: 6502374762
    Learn More
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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
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