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

    4231 Wolverine Dr Williamsburg, MI 49690

    Sponsored
    For Sale
    $98,500

    Vacant Lot/Land - Williamsburg, MI

    Lot size:
    0.34 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 4 at 2:06 am

    Property Features for 4231 Wolverine Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Site Condominium,Bldg & Use Restrictions
    Exterior features
    Common Area, None
    Lot size
    0.34 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kellie Sergent
    Kellie Sergent

    Century 21 Northland-Elk Rapids (231) 264-4500

    Listing agent Kellie Sergent (231) 264-4500

    Listing date Feb 27, 2026

    MLS# 1942554 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. 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

    Williamsburg Buildable Corner Lot

    One of the last buildable lots in Wolverine Heights is available. This corner lot is positioned to back up to a shared common area. Surrounded by homes, the 0.34-acre lot is ready for building a home. The property is adjacent to the Wolverine Golf Course, one of three courses at the Grand Traverse Resort. Underground utilities, municipal water, and sewer are available. Homeowners receive discounts at the Resort, including rooms, green fees, restaurants, and spa. The zoning is Residential, Site Condominium, and Bldg & Use Restrictions.
    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 Dental Office Auto Repair Shop Gym & Fitness Center Skin Care Clinic Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.487438608459
    Latitude
    44.784985135214

    Nearby Similar for Sale

    • $995,000
      63,240 SF

      Industrial Compound Near Traverse City

      63,240 SF manufacturing/warehouse on 8+ acres near Traverse City.
      8055 Angell Rd, Williamsburg, MI 49690
      View Details
    • $2,750,000
      11.45 Acres

      Equestrian Parcel Near Flintfields Horse Park

      11.45-acre vacant parcel in premier equestrian community.
      6894 Gem Twist Way, Williamsburg, MI 49690
      View Details
    • $9,950,000
      10,858 SF

      Equestrian Facility in Grand Prix Village

      Luxury equestrian facility with 22-stall barn and living quarters.
      6625 Grand Prix Dr, Williamsburg, MI 49690
      View Details
    • $12,900,000
      1,780 SF

      Resort and Multifamily Investment Opportunity

      Scandinavian-inspired resort near Grand Traverse Bay with income-generating assets.
      5961 E Oslo St, Williamsburg, MI 49690
      View Details
    • $395,000

      Railway Commons Storage Condo

      2,295 SF storage condo in Acme Township for sale.
      6391 N Railway Cmn, Williamsburg, MI 49690
      View Details
    • $1,600,000
      15,889 SF

      Highway Visibility Corner Parcel

      Corner parcel with highway visibility, business included in sale.
      31 5600, Williamsburg, MI
      View Details
    • $395,000
      2,295 SF

      Railway Commons Storage Condo

      2,295 SF storage condo in Railway Commons Business Park.
      6391 N Railway Cmns, Williamsburg, MI 49690
      View Details
    • $395,000
      2,500 SF

      Railway Commons Storage Condo

      Spacious 2,500 sq ft storage condo in Acme Township.
      6357 N Railway Cmns, Williamsburg, MI 49690
      View Details
    • $215,200

      Storage Condo in Railway Commons

      1,345 SF storage condo ideal for various storage needs.
      6369 N Railway Cmn, Williamsburg, MI 49690
      View Details
    • $215,200

      Storage Condo in Railway Commons

      1,345 SF storage condo ideal for personal or business use.
      6373 N Railway Cmn, Williamsburg, MI 49690
      View Details
    • $215,200

      Storage Condo in Railway Commons

      1,345 SF storage condo ideal for various storage needs.
      6385 N Railway Cmn, Williamsburg, MI 49690
      View Details
    • $215,200

      Storage Condo in Railway Commons

      1,345 SF storage condo ideal for various uses.
      6379 N Railway Cmn, Williamsburg, MI 49690
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot near Wolverine Golf Course, municipal utilities available.
    Where is this residential land & home lot located?
    The property is located at 4231 Wolverine Dr Williamsburg, MI.
    What is the asking price?
    The asking price for this property is $98,500.
    What are key features of this property?
    This property features: - One of the last buildable lots in Wolverine Heights.; - Corner lot backing up to shared common area.; - Adjacent to the Wolverine Golf Course (part of Grand Traverse Resort).
    (231) 499-1814
    Request Owner's contact information
    4231 Wolverine Dr Williamsburg, MI 49690
    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.
    4231 Wolverine Dr
    Williamsburg, MI 49690
    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
    4231 Wolverine Dr Williamsburg, MI 49690
    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
    Kellie Sergent
    Kellie Sergent
    Real Estate License ID: 6501371726
    (231) 499-1814 (231) 264-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!