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

    Lot 234 Kings Gladwin, MI 48624

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant Land - Gladwin, MI

    Lot size:
    0.36 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 13 at 6:06 am

    Property Features for Lot 234 Kings

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Security features
    Security
    Exterior features
    Club House, Exercise/Facility Room, Golf Course, Park, Playground, Pool/Hot Tub, Tennis Courts, Airport/Runway, Restaurant, Storage, Boat Dock, Trail(s)
    Dock
    1
    Standard status
    Active
    APN
    060-180-000-234-00
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    160.24
    Expense value
    535
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Beach Access, All Sports Lake

    Building Details

    Architectural style
    Other
    Additional Structures
    Storage, Tennis Court(s)

    We can help!

    Listing Contact
    RYAN ROPP
    RYAN ROPP

    Listing agent RYAN ROPP License #6501350622

    Listing office SUGAR SPRINGS REAL ESTATE 2120 Sugar River Rd, MI

    Listing date Apr 6, 2026

    MLS# 50203588 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.

    Overview

    Vacant Land in Sugar Springs

    This 0.36-acre vacant lot presents a great opportunity in Sugar Springs, also known as "Northern Michigan's Best Kept Secret." The property is a camping or building lot located across the road from Lake Lancelot, a 230-acre lake. Lake Lancelot is one of two all-sports lakes totaling 1000 acres. Lake Lancer spans 770 acres. Both lakes are suitable for boating, skiing, tubing, and fishing, and offer multiple beach club areas equipped with picnic spots, grills, playscapes, designated swim areas, and restrooms. The treed lot is ready to be developed. Sugar Springs offers an 18-hole championship golf course, an indoor pool and workout facility, a pro shop, tennis and pickleball courts, and the HEARTH restaurant. A 3500-foot natural grass airstrip is available for members who fly in.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Food Market Grocery & Convenience Store Discount Store Grocery & Convenience Store Supermarket

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladwin
    County
    Gladwin
    State
    Michigan
    Longitude
    -84.45927
    Latitude
    44.118581

    Nearby Similar for Sale

    • $449,000
      6,146 SF

      Established Convenience Store in Gladwin, MI

      High-performing convenience and food store in a Michigan lake community.
      Gladwin, MI 48624-9215
      View Details
    • $249,000
      6,466 SF

      Established Floral Business Opportunity

      Turnkey floral business with real estate in downtown Gladwin.
      1109 W Cedar Avenue, Gladwin, MI 48624
      View Details
    • $249,000
      6,466 SF

      Established Floral Business in Gladwin

      Flourishing floral business with real estate for sale.
      1109 W Cedar, Gladwin, MI 48624-1811
      View Details
    • $129,900
      5,800 SF

      Professional Office Building with Income Potential

      Multi-unit commercial building in Gladwin, MI with income potential.
      673 E Cedar, Gladwin, MI 48624
      View Details
    • $349,900
      1,536 SF

      Farm with Riding Arena

      Log home on 6 acres with riding arena.
      4865 Schmidt, Gladwin, MI 48624
      View Details
    • $36,900

      Camping/Building Lot in Sugar Springs

      Incredible camping/building lot in Sugar Springs with unique setup.
      5421 Winchester, Gladwin, MI 48624
      View Details
    • $29,000

      Sugar Springs Vacant Land

      0.37-acre lot with utilities and Sugar Springs amenities.
      1379 Fairfield, Gladwin, MI 48624
      View Details
    • $39,900

      Two Contiguous Lots in Sugar Springs

      Two side-by-side lots totaling over 3/4 acre.
      5445 Winchester, Gladwin, MI 48624
      View Details
    • $24,900

      Land in Sugar Springs POA

      Two residential lots in Gladwin's Sugar Springs recreational community.
      5458 Wellington, Gladwin, MI 48624
      View Details
    • $62,500

      Sugar Springs Double Lot Retreat

      Double lot in Sugar Springs with camping setup and amenities.
      2407 Rothbury, Gladwin, MI 48624
      View Details
    • $41,900

      Gladwin Vacant Land on Golf Course

      Developed camping lot on golf course with utilities.
      1829 Linksview, Gladwin, MI 48624
      View Details
    • $41,900

      Two Contiguous Lots in Sugar Springs

      Two lots with utilities in Sugar Springs near amenities.
      2073 Huntington, Gladwin, MI 48624
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.36-acre camping/building lot near Lake Lancelot.
    Where is this residential land & home lot located?
    The property is located at Lot 234 Kings Gladwin, 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: Access to two all‑sports lakes for boating, skiing, tubing, and fishing; Sugar Springs community amenities including an 18‑hole championship golf course and restaurant; Beach club access with picnic areas and designated swim areas
    (989) 327-3184
    We can help!
    Listing Contact
    RYAN ROPP
    RYAN ROPP
    Real Estate License ID: 6501350622
    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!