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    5541 Bordman Road Dryden, MI 48428

    View on Map
    For Sale
    $1,497,000

    Farmhouse,Ranch - Dryden, MI

    Type:Farm
    Property size:
    3,000 SF
    Lot size:
    3.00 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 5541 Bordman Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage
    Exterior features
    Water View
    Basement Y/N
    1
    Standard status
    Active
    APN
    00703602410
    Size
    3,000 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1017

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water front features
    Pond

    Building Details

    Year built
    2025
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Kevin A Stewart
    Kevin A Stewart

    Listing agent Kevin A Stewart

    Listing office Stewart Team R E Partners Inc 405 S Main St, Rochester, MI

    Listing date Sep 30, 2025

    MLS# 20251041383 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Ranch Home on 3 Acres

    This new construction ranch home, built by Haus Custom Homes, is located on 3 acres along Bordman Road in Dryden, Michigan. The property features over 3,000 square feet of living space, including 3 bedrooms and 3.1 bathrooms. The home's design incorporates open-concept living, with a great room and a gourmet kitchen. A scullery provides additional prep and storage space. The primary suite includes a spa-inspired bath, and the two additional bedrooms each have private ensuite baths. The property also includes a 3-car attached garage. This home combines country living with access to local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dryden
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.122055
    Latitude
    42.889675

    Nearby Similar for Sale

    • $995,000
      3,136 SF

      Historical Victorian Farmhouse on Hunt Acres

      Restored 1875 Folk Victorian on 19+ acres with barns.
      3801 Hollow Corners Road, Dryden, MI 48428
      View Details
    • $525,000
      7,000 SF

      Dryden Bar and Grill

      Iconic bar and restaurant with real estate, business, and liquor license.
      5505 Main St, Dryden, MI 48428
      View Details
    • $525,000
      7,000 SF

      Dryden Bar and Grill

      Iconic bar and restaurant with real estate, business, and liquor license.
      5505 Main St, Dryden, MI 48428
      View Details

    FAQs

    What type of property is this?
    Farm - New 3-bedroom ranch home on 3 acres in Dryden, MI.
    Where is this farm located?
    The property is located at 5541 Bordman Road Dryden, MI.
    What is the asking price?
    The asking price for this property is $1,497,000.
    What are key features of this property?
    This property features: Brand new, custom‑built ranch home on 3 acres in a peaceful, scenic location.; Enjoy over 3,000 sq ft of open‑concept living space with a gourmet kitchen and scullery.; Three bedrooms, each with its own private ensuite bathroom.
    (586) 255-0480
    We can help!
    Listing Contact
    Kevin A Stewart
    Kevin A Stewart
    Real Estate License ID: 6506048651
    Learn More
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    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
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