Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    32 Acres Vacant Land Gaylord Title is generated by Realmo AI

    530 Five Lakes Road, Gaylord, MI 49735

    View on Map
    Claim this Listing
    For Sale
    $1,595,000

    LAND - Gaylord, MI

    Lot size:
    31.66 Acres
    Added:
    Aug 1, 2025
    Days on Market:
    285
    Last Refresh:
    May 12 at 8:06 am

    Property Features for 530 Five Lakes Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    APN
    080-028-300-015-00
    Lot size
    31.66 Acres

    Taxes and HOA fees

    Tax Description
    THAT PART OF SE 1/4 OF SW 1/4 LYING E OF HW/RW. SEC 28 T31N R3W

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Melisa Bertram
    Melisa Bertram

    Listing agent Melisa Bertram

    Listing office Real Estate One of Gaylord 110 W Main St, Gaylord, MI

    Listing date Aug 1, 2025

    MLS# 201836229 Listing URL

    Copyright © 2026 Water Wonderland 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.

    HighLights

    • 32‑acre parcel adjoining the I‑75 corridor.
    • Excellent potential for re‑zoning to R‑1 or R‑2.
    • Prime investment opportunity for development or portfolio expansion.
    • Conveniently located just outside Gaylord city limits.
    • Easy access to Gaylord's amenities.
    • Currently zoned for agricultural use.

    Overview

    This 31.66-acre parcel of vacant land is located just outside the city limits of Gaylord, Michigan, and adjoins the I-75 corridor. Zoned for agricultural use, the property offers potential for re-zoning to R-1 for increased land divisions or R-2 for high-density residential development. The buyer is responsible for completing the necessary due diligence. The land provides easy access to Gaylord's amenities and the major highway, presenting a potential investment opportunity for development or portfolio expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.686056
    Latitude
    45.043661

    Nearby Similar for Sale

    • $459,000
      1,756 SF

      Gaylord Retail Space on M-32

      Prime retail location on highly trafficked M-32 in Gaylord.
      719 W Main Street, Gaylord, MI 49735
      View Details
    • $725,000
      3,440 SF

      Gaylord Duplexes: Income Opportunity

      Two duplexes built in 2023, great for rental income.
      126 & 128 E Mill Street, Gaylord, MI 49735
      View Details
    • $605,000
      9,460 SF

      Flex, Storage Investment Opportunity

      Two buildings with flex space, warehouse, and self-storage units.
      3707 S Old 27, Gaylord, MI 49735
      View Details
    • $249,999
      4,122 SF

      Restaurant/Bar Opportunity Near Big Lake

      East Gaylord restaurant/bar with ample space and prime location.
      1070 Big Lake Road, Gaylord, MI 49735
      View Details
    • $199,500
      5,192 SF

      Gaylord Retail Space For Sale

      Prime commercial opportunity in Gaylord's Alpine Village downtown.
      130 W Main Street, Gaylord, MI 49735
      View Details
    • $449,000

      33-Acre Commercial Land Opportunity

      33 acres with 1,675 feet of I-75 frontage.
      3374 Forest Road, Gaylord, MI 49735
      View Details
    • $199,900
      1,734 SF

      Gaylord Commercial Building For Sale

      Commercial building in Gaylord, near hospital and Amazon center.
      611 N Center Avenue, Gaylord, MI 49735
      View Details
    • $720,000
      3,704 SF

      Equipped Auto Shop with Expansion

      Well-established auto shop with expansion potential in Gaylord, Michigan.
      936 N Otsego Lake Drive, Gaylord, MI 49735
      View Details
    • $199,000
      960 SF

      Versatile Office/Retail Space For Sale

      High-visibility commercial space with refreshed interior in high-traffic area.
      146 N Center Avenue, Gaylord, MI 49735
      View Details
    • $239,900
      2,262 SF

      Downtown Gaylord Retail Space

      High-traffic corner lot retail space in downtown Gaylord.
      201 E Main Street, Gaylord, MI 49735
      View Details
    • $449,000

      33-Acre Commercial Land Opportunity

      33 acres of commercial land with I-75 frontage.
      3374 Forest Road, Gaylord, MI 49735
      View Details
    • $469,900
      5,088 SF

      Commercial Building Near I-75

      5,000+ sq ft commercial building with loading bays.
      10591 Vindale Court, Gaylord, MI 49735
      View Details

    FAQs

    What type of property is this?
    Land - 32-acre vacant land parcel outside Gaylord, adjoining I-75 corridor.
    Where is this land located?
    The property is located at 530 Five Lakes Road Gaylord, MI.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 32‑acre parcel adjoining the I‑75 corridor.; Excellent potential for re‑zoning to R‑1 or R‑2.; Prime investment opportunity for development or portfolio expansion.
    (231) 409-7512
    We can help!
    Listing Contact
    Melisa Bertram
    Melisa Bertram
    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

    Thank You for Inquiry
    530 Five Lakes Road, Gaylord, MI 49735
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!