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    2755 S Hollister Ovid, MI 48866

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    For Sale
    $118,000

    Vacant Land - Ovid, MI

    Property size:
    7,820 SF
    Lot size:
    5.00 Acres
    Added:
    Feb 23, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 15 at 12:06 am

    Property Features for 2755 S Hollister

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural,Residential
    Standard status
    Active
    APN
    120-024-300-007-01
    Size
    7,820 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1466.91

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Goerge

    Listing agent Benjamin Goerge License #65014623998

    Listing office Richard Harsh and Associates LLC 816 Campbell Dr., Owosso, MI

    Listing date Feb 23, 2026

    MLS# 50204223 Listing URL

    Copyright © 2026 Greater Shiawassee Regional 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

    Ovid, Michigan Vacant Land

    Located on Hollister Road in Ovid Township, just outside of Ovid, Michigan, this five-acre agricultural parcel is improved with functional greenhouse infrastructure and is available for immediate possession. The property is suited for commercial growing operations, specialty crop production, storage, or a combination of agricultural and residential use, subject to township guidelines. The primary structure is a 7,820 sq. ft. gutter-connected greenhouse equipped with four overhead propane heaters and both drip and overhead irrigation systems. The greenhouse is operational and designed for efficient crop production. There is also a 2,880 sq. ft. hoop house currently utilized as cold storage, which includes two operational fans. The plastic covering was replaced two years ago and remains in good condition. Site features include a fully functional well, electric service onsite, and improved driveway access. The infrastructure necessary for greenhouse production is in place. The five-acre parcel provides additional open ground for outdoor cultivation, expansion of greenhouse facilities, or potential residential construction consistent with local zoning regulations. The property offers flexibility for an owner-operator or agricultural investor. Annual property taxes are approximately $1,500. The property has agricultural zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ovid
    County
    Clinton
    State
    Michigan
    Longitude
    -84.38706
    Latitude
    43.005207

    FAQs

    What type of property is this?
    Cannabis property - Five-acre agricultural parcel with greenhouse infrastructure near Ovid, Michigan.
    Where is this cannabis property located?
    The property is located at 2755 S Hollister Ovid, MI.
    What is the asking price?
    The asking price for this property is $118,000.
    What are key features of this property?
    This property features: Operational 7,820 sq. ft. gutter‑connected greenhouse with heating and irrigation systems.; Five‑acre agricultural parcel suitable for commercial growing, specialty crops, storage, or residential use (subject to zoning).; Immediate possession available.
    (989) 640-5291
    We can help!
    Listing Contact
    Benjamin Goerge
    Real Estate License ID: 65014623998
    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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