Your AI Navigator in Commercial Real Estate
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

    48 Sanctuary Dr Jackson, MI 49201

    Sponsored
    For Sale
    $35,000

    Lot - Jackson, MI

    Lot size:
    1.14 Acres
    Days on Market:
    111
    Last Refresh:
    Jan 18 at 10:06 am

    Property Features for 48 Sanctuary Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    000-09-22-102-048-00
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Expense value
    500
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    KIRSTEN N KNUEPPEL-MOGLE

    RE/MAX MID-MICHIGAN R.E. (517) 788-2633

    Listing agent KIRSTEN N KNUEPPEL-MOGLE (517) 788-2633

    Listing date Sep 30, 2025

    MLS# 21083705 Listing URL

    Copyright © 2025 Michigan Regional Information Center, LLC. 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

    Wooded Lot in Sanctuary Neighborhood

    This 1.14-acre wooded lot is located in The Sanctuary at Brills Lake. It is situated within a 140-acre subdivision that features street lights, walking trails, and a community dock. New construction is underway in the neighborhood, where recent home sales have exceeded $500,000. The property offers convenient access to I-94, making it suitable for commuters. This lot is intended for residential use, offering the opportunity to build a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Nail Salon Hotel & Motel Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Jackson
    State
    Michigan
    Longitude
    -84.291441
    Latitude
    42.286152

    Nearby Similar for Sale

    • $1,600,000
      7,204 SF

      Profitable Golf Course with Residence

      Well-maintained golf course with potential, includes residence and 130+ acres.
      5751 Brooklyn Rd, Jackson, MI 49201
      View Details
    • $1,600,000
      7,204 SF

      Jackson Retail Opportunity on 131 Acres

      Retail property on a large lot in Jackson, Michigan.
      5751 Brooklyn Rd, Jackson, MI 49201
      View Details
    • $949,900
      6.87 Acres

      Income Property on 6.87 Acres

      Income property with development potential near main highway, 30 minutes from Ann Arbor.
      6127 Brooklyn Rd, Jackson, MI 49201
      View Details
    • $949,900
      8,390 SF

      Jackson Multifamily Investment Opportunity

      Multifamily property in Jackson, MI, with commercial zoning.
      6127 Brooklyn Rd, Jackson, MI 49201
      View Details
    • $699,000
      5,879 SF

      Restored Historic Building with Modern Functionality

      Versatile, restored historic building with modern functionality and commercial kitchen.
      323 S Cooper St, Jackson, MI 49201
      View Details
    • $699,000
      5,879 SF

      Retail Opportunity in Jackson, MI

      Retail property for sale in Jackson, Michigan, offering 5879 square feet.
      323 S Cooper St, Jackson, MI 49201
      View Details
    • $749,000
      9,720 SF

      Versatile Commercial Space with Updates

      Updated commercial space with banquet facility, kitchen, and offices.
      3010 Wildwood Ave, Jackson, MI 49202
      View Details
    • $329,900
      3,393 SF

      Victorian Office Building Near Courthouse

      Two-story office building with historic charm and modern functionality.
      601 S Jackson St, Jackson, MI 49203
      View Details
    • $749,000
      9,720 SF

      Jackson, MI Retail Opportunity

      Retail property for sale in Jackson, Michigan with 9,720 SF.
      3010 Wildwood Ave, Jackson, MI 49202
      View Details
    • $1,200,000
      21,000 SF

      Versatile Industrial Property in Jackson

      21,000 SF industrial property on over 3 acres.
      1005 Thorrez Rd, Jackson, MI 49201
      View Details
    • $1,750,000
      15,000 SF

      Medical Office Building on Michigan Avenue

      15,000 SF medical office building with strong tenant appeal.
      900 E Michigan Ave, Jackson, MI 49201
      View Details
    • $1,200,000
      21,000 SF

      Jackson Industrial Property For Sale

      21,000 SF industrial property on 1.73 acres.
      1005 Thorrez Rd, Jackson, MI 49201
      View Details

    FAQs

    What type of property is this?
    Land - 1.14 acre wooded lot in the Sanctuary at Brills Lake.
    Where is this land located?
    The property is located at 48 Sanctuary Dr Jackson, MI.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - 1.4 acre wooded lot in The Sanctuary at Brills Lake.; - Located in a sought-after neighborhood with recent home sales exceeding $500,000.; - Access to community amenities: street lights, walking trails, and a community dock.
    (517) 812-1905
    Request Owner's contact information
    48 Sanctuary Dr Jackson, MI 49201
    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.
    48 Sanctuary Dr
    Jackson, MI 49201
    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
    48 Sanctuary Dr Jackson, MI 49201
    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
    KIRSTEN N KNUEPPEL-MOGLE
    Real Estate License ID: 6501279857
    (517) 812-1905
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.