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

    1625 Hilts Rd Gladwin, MI 48624

    Sponsored
    For Sale
    Under Contract
    $220,000

    Farm House, Farm - Gladwin, MI

    Type:Farm
    Property size:
    1,400 SF
    Lot size:
    38.00 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 10 at 3:06 am

    Property Features for 1625 Hilts Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active Under Contract
    Zoning
    Agricultural
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    060-009-100-001-00
    Parking features
    Garage, Garage - Attached, Garage - Detached
    Exterior features
    Silo(s), Barn, Second Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Washer
    Size
    1,400 SF
    Lot size
    38.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1930
    Floors in Building
    2
    Building materials
    Vinyl Siding
    Architectural style
    Other
    Additional Structures
    Barn(s), Garage(s), Second Garage

    We can help!

    Listing Contact
    RYAN ROPP

    SUGAR SPRINGS REAL ESTATE (989) 948-4509

    Listing agent RYAN ROPP (989) 256-3556 License #6501350622

    Listing date Feb 7, 2026

    MLS# 50199026 Listing URL

    Copyright © 2026 Clare Gladwin 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.

    Learn more

    Property Insight Report

    Overview

    Renovated Farm Home on 38 Acres

    This partially renovated 1930 farm home is situated on 38 acres, with 35 acres currently being farmed. The property is centrally located between Gladwin and West Branch. A multilevel 56x60 barn, which has experienced roof issues, offers the option to rebuild on its existing concrete foundation. There is also a 20x30 block structure suitable for equipment or storage. The home is located on a partially treed area of approximately 3 acres, featuring fruit-bearing trees. An outside wood boiler assists in heating, with propane forced air also available. The kitchen has been updated and provides a view from the sink window. The home features a basic layout within its solid structure. An unfinished basement houses the laundry area and offers additional finishing potential. The heavy stone wall foundation is ready for long-term use, and some updated wiring has been installed throughout the home. A breeze way connects the home to the attached 2-car garage. The property offers the opportunity to live off the grid. The property is zoned for agricultural use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladwin
    County
    Gladwin
    State
    Michigan
    Longitude
    -84.434824
    Latitude
    44.144179

    Nearby Similar for Sale

    • $249,000
      6,466 SF

      Established Floral Business in Gladwin

      Flourishing floral business with real estate for sale.
      1109 W Cedar St, Gladwin, MI 48624
      View Details
    • $249,000
      6,466 SF

      Established Floral Business Opportunity

      Turnkey floral business with real estate in downtown Gladwin.
      1109 W Cedar Ave, Gladwin, MI 48624
      View Details
    • $144,900
      5,800 SF

      Professional Office Building with Income Potential

      Multi-unit office building in high-traffic area, suitable for medical or service-based businesses.
      673 E Cedar St, Gladwin, MI 48624
      View Details
    • New
      $49,000
      1,876 SF

      High-Visibility Commercial Building on M-30

      Freestanding commercial building with high visibility and customization potential.
      1487 S M-30, Gladwin, MI 48624
      View Details
    • New
      $49,000
      1,876 SF

      High-Visibility Commercial Building on M-30

      Freestanding commercial building with high visibility and ample parking.
      1487 S M-30, Gladwin, MI 48624
      View Details
    • $400,000
      6,960 SF

      Gladwin Office Building For Sale

      6,960 SF office building on a 1.09-acre lot.
      1277 E Cedar St, Gladwin, MI 48624
      View Details
    • Contact for pricing
      6,960 SF

      Gladwin Office Building For Sale

      6,960 SF office building with leasing opportunity in Gladwin, MI.
      1277 E Cedar Ave, Gladwin, MI 48624
      View Details
    • $799,000
      3,338 SF

      Established Diner Business Opportunity

      Restaurant business with building and parking in Gladwin, Michigan.
      711 N Silverleaf St, Gladwin, MI 48624
      View Details
    • $49,000

      M-30 Commercial Building Opportunity

      High-visibility commercial building on M-30, great potential for customization.
      1487 S M-30 Rd, Gladwin, MI 48624
      View Details
    • $197,900

      Hobby Farm Opportunity on Acreage

      8-acre hobby farm with barn, coops, and garden.
      1660 N Bard Rd, Gladwin, MI 48624
      View Details
    • $799,000
      3,338 SF

      Gladwin Family Diner Business

      Established Restaurant, High Visibility
      711 Silverleaf St, Gladwin, MI 48624
      View Details
    • $44,900
      10,018 SF

      Gladwin Industrial Lot - Prime Location

      Build-ready lot, downtown Gladwin, high visibility.
      711 Cedar St, Gladwin, MI 48624
      View Details

    FAQs

    What type of property is this?
    Farm - 1930 farm home on 38 acres, partially renovated.
    Where is this farm located?
    The property is located at 1625 Hilts Rd Gladwin, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - 38-acre farm property with 35 acres currently farmed.; - Large 56x60 multi-level barn with potential for rebuilding or lumber salvage.; - **Partially renovated 1930 farm home with UPDATED KITCHEN and solid structure.**
    (989) 256-3556
    Request Owner's contact information
    1625 Hilts Rd Gladwin, MI 48624
    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.
    1625 Hilts Rd
    Gladwin, MI 48624
    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
    1625 Hilts Rd Gladwin, MI 48624
    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
    RYAN ROPP
    Real Estate License ID: 6501350622
    (989) 256-3556
    Learn more
    Google sign-in failed. Please try again or use another login method.