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

    52451 Washington St New Baltimore, MI 48047

    View on Map
    Sponsored
    For Sale
    $49,999

    LAND - New Baltimore, MI

    Lot size:
    0.50 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 17 at 2:06 am

    Property Features for 52451 Washington St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06-09-13-252-068
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Angela Links
    Angela Links

    Home & Land Real Estate East (248) 651-6622

    Listing agent Angela Links (248) 515-6187

    Listing date Mar 2, 2026

    MLS# 25061676

    Copyright © 2026 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

    Overview

    Half Acre Lot in Baltimore

    This property features a 0.50-acre lot with 62 feet of road frontage on Washington Street in New Baltimore, Michigan. The site is located approximately 1 mile from the water and near downtown New Baltimore. The main residence has been cleared from the lot. The small garage still needs to be removed, and the property is ready for new construction.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.748001
    Latitude
    42.689306

    Nearby Similar for Sale

    • $750,000
      5,785 SF

      Remodeled Office/Warehouse on Gratiot Corridor

      5,785 sq ft remodeled office and warehouse on 0.71 acres.
      55951 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • New
      $364,876
      1,657 SF

      Historic Farmhouse on Four Acres

      Charming, updated farmhouse on four acres near amenities.
      26560 26 Mile Rd, Chesterfield, MI 48051
      View Details
    • $1,495,000

      Turnkey Restaurant with Liquor License

      Restaurant with liquor license, FF&E, great visibility, abundant parking.
      46777 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • Contact for pricing

      Gratiot Avenue Commercial Property

      Commercial property with frontage on Gratiot Avenue and redevelopment potential.
      52365 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • $549,990
      9,005 SF

      Chesterfield Industrial Property - High Revenue

      Profitable Business, Established Location, Immediate Income
      52050 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • $2,795,000

      Manufacturing Facility with Heavy Duty Storage

      Manufacturing facility with heavy-duty vinyl storage structure.
      Chesterfield Twp, New Baltimore, MI 48051
      View Details
    • $2,900,000
      15,200 SF

      Macomb County Industrial Property

      15,200 SF Manufacturing/Medical Office
      37230 26 Mile Rd, New Baltimore, MI 48047
      View Details
    • $2,250,000
      1,323 SF

      Chesterfield Industrial Land Opportunity

      15 Acres, Prime Corner Location, High Value
      6018 County Line Rd, Chesterfield, MI 48047
      View Details
    • Contact for pricing
      52,500 SF

      Gratiot Ave Warehouse For Sale

      52,500 SF Warehouse, 7.96 Acres
      52365 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • Contact for pricing
      75,000 SF

      Prime Chesterfield Manufacturing Space

      75,000-182,750 SF, Vacant, Modern Facility
      24 Mile And Gratiot, Chesterfield, MI 48051
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Half acre lot near downtown New Baltimore, approximately 1 mile to water.
    Where is this residential land & home lot located?
    The property is located at 52451 Washington St New Baltimore, MI.
    What is the asking price?
    The asking price for this property is $49,999.
    What are key features of this property?
    This property features: - Large 0.50 acre lot in the City of New Baltimore; - Conveniently located approximately 1 mile from the water; - Close proximity to downtown New Baltimore
    (248) 515-6187
    Request Owner's contact information
    52451 Washington St New Baltimore, MI 48047
    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.
    52451 Washington St
    New Baltimore, MI 48047
    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
    52451 Washington St New Baltimore, MI 48047
    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
    Angela Links
    Angela Links
    (248) 515-6187 (248) 651-6622
    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!