Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fife Lake Wooded Land Parcel Title is generated by Realmo AI

    5698 SW Old Oak Trail, Fife Lake, MI 49633

    View on Map
    Claim this Listing
    New
    For Sale
    $189,900

    Vacant Lot/Land - Fife Lake, MI

    Lot size:
    5.16 Acres
    Added:
    May 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 31 at 11:06 am

    Property Features for 5698 SW Old Oak Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    None, Countryside View
    Standard status
    Active
    Lot size
    5.16 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Randall Mann

    Listing agent Randall Mann

    Listing office Great Lakes Land Co 6463 Valley Rd. NW, Rapid City, MI

    Listing date May 30, 2026

    MLS# 1945896 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.

    HighLights

    • Large 5‑10 acre wooded parcels offer privacy and space.
    • Excellent location: close to US‑131 and Fife Lake, near the Manistee River and state land.
    • Building site is cleared and ready for construction of a home or cabin.
    • RV camping permitted up to 180 days per year.
    • Storage buildings allowed for recreational equipment.
    • Private maintained paved roads with underground electric and high‑speed fiber optic internet (coming Fall 2025).

    Overview

    This 5.16 acre wooded parcel is part of a new development located off US-131, 2 miles East of Fife Lake. Parcel 9 features a building site atop a wooded hill surrounded by mature Oak, Maple Beech, and Birch hardwoods, offering a private and quiet setting. The 120-acre development features level to rolling topography with elevated views. Sites are cleared and ready for building a home or cabin. Camping is permitted up to 180 days per year, and storage buildings are allowed. The property is located 2 miles North of the Manistee River and thousands of acres of state land. Private maintained paved roads are in place, with underground electric and high-speed fiber optic internet planned for Fall 2025. The location is ideal for recreational activities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Fife Lake
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.1189
    Latitude
    44.5724

    Nearby Similar for Sale

    • $325,000
      1,136 SF

      Established Restaurant in Fife Lake

      Turn-key restaurant business with real estate, equipment, and inventory.
      115 E State Street, Fife Lake, MI 49633
      View Details
    • $105,000
      162 SF

      Fife Lake Vacant Land Cabin

      5 acre wooded property with cabin near Pere Marquette Forest.
      11856 Red Hawk, Fife Lake, MI 49633
      View Details
    • $849,000
      6,500 SF

      Historic Lodge Restaurant Opportunity

      Restored restaurant with outdoor patio and additional living spaces.
      12397 M-66, Fife Lake, MI 49633
      View Details
    • $199,000

      Waterfront Hunting Camp on Spring Creek

      30 acres of waterfront hunting land on Spring Creek.
      000 Lund Road, Sw, Fife Lake, MI 49633
      View Details
    • $199,000

      Waterfront Hunting Camp on Spring Creek

      30-acre waterfront hunting camp on Spring Creek in Fife Lake.
      Parc 7 & 8 Lund Road SW, Fife Lake, MI 49633
      View Details
    • $320,000

      80 Acres Near Fife Lake

      80 acres of land near Fife Lake, Michigan.
      7267 S Snyder Road, Fife Lake, MI 49633
      View Details
    • $100,000

      Fife Lake Recreational Land Parcel

      19.75 acre parcel near state land and Manistee River.
      9808/9784 SE Crouch Road, Fife Lake, MI 49633
      View Details
    • $184,900

      Fife Lake Wooded Land Parcel

      5+ acre wooded parcel near Fife Lake, Michigan.
      5543 SW Old Oak Trail, Fife Lake, MI 49633
      View Details
    • $549,999

      Turnkey Cannabis Grow Facility

      Profitable, ready-to-operate cannabis grow facility with 500-plant capacity.
      7579 Us Highway 131, FifeLakeTownship_GrandTraverse, MI 49633
      View Details
    • $249,900

      Secluded Wooded Acreage Near Fife Lake

      Private 10-acre wooded parcel near Fife Lake and US-131.
      10598 SW Pine Ridge Drive, Fife Lake, MI 49633
      View Details
    • $189,900

      Fife Lake Vacant Land Parcel

      6.39 acre residential land near Fife Lake, Michigan.
      5593 SW Old Oak Trail, Fife Lake, MI 49633
      View Details
    • $224,900

      Fife Lake Wooded Land Parcel

      7.96 acre wooded parcel near Fife Lake, Michigan.
      10732 SW Pine Ridge Drive, Fife Lake, MI 49633
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.16 acre wooded parcel near Fife Lake, Michigan.
    Where is this residential land & home lot located?
    The property is located at 5698 SW Old Oak Trail Fife Lake, MI.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Large 5‑10 acre wooded parcels offer privacy and space.; Excellent location: close to US‑131 and Fife Lake, near the Manistee River and state land.; Building site is cleared and ready for construction of a home or cabin.
    (231) 633-6449
    We can help!
    Listing Contact
    Randall Mann
    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
    5698 SW Old Oak Trail, Fife Lake, MI 49633
    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!