Add Listing
    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

    12915 Stevens Atlanta, MI 49709

    View on Map
    Pending
    Contact for pricing

    LAND - Atlanta, MI

    Added:
    Mar 17, 2025
    Days on Market:
    381
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 12915 Stevens

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    003-540-000-026-00

    Taxes and HOA fees

    TaxDescription
    LOT 26 AZURE PARK - Subject to townshop approval of split.

    We can help!

    Listing Contact
    Diane L McMurphy

    Listing agent Diane L McMurphy License #6502396968

    Listing office United Country Great Lakes Realty & Auction 12412 State Street P.O. Box 162, Atlanta, MI

    Listing date Mar 17, 2025

    MLS# 201833712

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Atlanta, Michigan

    This property is located on a county-maintained road near the town of Atlanta and its schools. The seller is a builder who can provide build-to-suit options, including plans for cabins or 3/2 homes, or buyers can bring their own plans. Atlanta is situated between Gaylord and Alpena, near the Thunder Bay River.
    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 Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Montmorency
    State
    Michigan
    Longitude
    -84.134712
    Latitude
    44.995895

    Nearby Similar for Sale

    • $95,000
      1,680 SF

      Atlanta Retail Storefront on M-32

      Remodeled 1680 SF retail space with high visibility.
      12430 State Street, Atlanta, MI 49709
      View Details
    • $15,000

      Vacant Land in Atlanta, MI

      Vacant lot near Thunder Bay River, Atlanta, Michigan.
      River Drive, Atlanta, MI 49709
      View Details
    • $210,000
      832 SF

      Thriving Deli in Atlanta, MI

      Successful deli in the Elk Capital of Michigan for sale.
      11450 M-33, Atlanta, MI 49709
      View Details
    • $52,900

      Vacant Land Near Atlanta, MI

      7.9 acres of vacant land ideal for cabin or home.
      Parcel 4 Sturgis Rd 002-018-000-280-04, Atlanta, MI 49709
      View Details
    • $139,500

      Land in Northern Michigan Highlands

      Private retreat surrounded by nature in Northern Michigan.
      6515 Old State Rd, Atlanta, MI 49709
      View Details
    • $52,900

      7.9 Acres Buildable Land Parcel

      Buildable land parcel near downtown Atlanta, Michigan.
      Parcel 5 Sturgis Rd 002-018-000-280-05, Atlanta, MI 49709
      View Details
    • $52,900

      7.9 Acres Buildable Parcel

      7.9-acre buildable parcel near downtown Atlanta, Michigan.
      Parcel 3 Sturgis Road, Atlanta, MI 49709
      View Details
    • $15,000

      Vacant Buildable Lot Near River

      Buildable lot near Thunder Bay River, Atlanta, Michigan.
      River Road unit: 9, Atlanta, MI 49709
      View Details
    • $110,000

      Thunder Bay Riverfront Recreational Land

      12.87 acres with 1,000 feet of Thunder Bay River frontage.
      9191 M 33, Atlanta, MI 49709
      View Details
    • $129,000
      3,000 SF

      Commercial Property with M-32 Frontage

      Renovated commercial property with office and heated warehouse space.
      12250 M-32, Atlanta, MI 49709
      View Details
    • $38,500

      Off-Grid Cabin Retreat in Atlanta

      Self-sufficient cabin near state land, ORV trails, and lakes.
      19020 Deerfoot Road, Atlanta, MI 49709
      View Details
    • $149,900

      20 Acres Wooded Recreational Land

      20-acre wooded parcel ideal for hunting, camping, or development.
      12871 Michigan 33, Atlanta, MI 49709
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for sale near Atlanta, MI, build-to-suit options available.
    Where is this residential land & home lot located?
    The property is located at 12915 Stevens Atlanta, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Build‑to‑suit opportunity with builder's examples available.; Conveniently located on a county‑maintained road.; Close proximity to town and Atlanta schools.
    (989) 306-0372
    We can help!
    Listing Contact
    Diane L McMurphy
    Real Estate License ID: 6502396968
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!