Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4235 W Isabella Road Shepherd, MI 48883

    View on Map
    Claim this Listing
    For Sale
    $140,000

    None - Shepherd, MI

    Property size:
    43,560 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $3/SF
    Added:
    Oct 25, 2024
    Days on Market:
    553
    Last Refresh:
    Apr 30 at 12:06 pm

    Property Features for 4235 W Isabella Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Residential,Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    43,560 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3667.13

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1932
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Diyonn Fahlman
    Diyonn Fahlman

    Listing agent Diyonn Fahlman

    Listing office AVANT GARDE REALTY 4676 E. Broomfield, Mt. Pleasant, MI

    Listing date Oct 25, 2024

    MLS# 1928517 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.

    Overview

    Versatile Commercial Property on Major Road

    This versatile commercial property, situated on 2 acres, offers a blend of existing structures and development potential. Located on a major state road between Midland and Mt. Pleasant, the property benefits from high traffic count and prime road frontage. The zoning is C-1, suitable for platted or unplatted parcels for commercial use. The property includes two storefront buildings, ideal for retail, office, or service businesses, and two mobile homes, offering potential for on-site housing or rental income. Additionally, a billboard sign rental provides high-visibility advertising revenue. The property's flexible zoning makes it suitable for a variety of commercial uses, offering opportunities to expand a business or create new ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shepherd
    County
    Isabella
    State
    Michigan
    Longitude
    -84.539138
    Latitude
    43.610834

    Nearby Similar for Sale

    • $489,000
      5,200 SF

      Historic Mixed-Use Income Opportunity

      Mixed-use property with retail and short-term rental income.
      323 W Wright Avenue, Shepherd, MI 48883
      View Details
    • $175,000
      3,612 SF

      Unique Corner-Lot Industrial Building

      Versatile industrial building with living quarters and artistic flair.
      5496 W Isabella Road, Shepherd, MI 48883
      View Details
    • $99,900

      Wooded Acreage Near Mt. Pleasant

      19.3 acres of wooded land suitable for recreation or building.
      3100 W Isabella Road, Shepherd, MI 48883
      View Details
    • $99,900

      Heavily Wooded Acreage on M-20

      19.3 acres of wooded land approved for septic system.
      3250 W Isabella Road, Shepherd, MI 48883
      View Details
    • $489,000
      5,000 SF

      Historic Mixed-Use Income Opportunity

      Rare mixed-use property with retail and short-term rental income.
      323 W Wright Ave, Shepherd, MI 48883
      View Details
    • $50,000

      Commercial Land in Shepherd, MI

      1.34 acres of commercial land at a traffic light.
      5437 W ISABELLA, Shepherd, MI 48883
      View Details
    • $140,000
      43,560 SF

      Versatile Commercial Property on State Road

      Commercial property with storefronts, mobile homes, and development potential.
      4235 W Isabella, Shepherd, MI 48883
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial property with high visibility and multiple income streams.
    Where is this commercial land located?
    The property is located at 4235 W Isabella Road Shepherd, MI.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Prime Location: High traffic count on a major state road between Midland and Mt. Pleasant ensures maximum exposure.; Multiple Income Streams: Generate revenue from 2 storefront buildings, 2 mobile homes, and billboard rentals.; Flexible Zoning (C‑1): Suitable for a variety of commercial uses, offering diverse business opportunities.
    (989) 400-9378
    We can help!
    Listing Contact
    Diyonn Fahlman
    Diyonn Fahlman
    Real Estate License ID: 6502418918
    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!