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    The Largest CRE Database in the US with Over 1 Million Listings

    5699 Connell Rd Emmett, MI 48022

    Sponsored
    For Sale
    $625,000

    Farm, Manufactured - Emmett, MI

    Type:Farm
    Property size:
    1,032 SF
    Lot size:
    80.00 Acres
    Days on Market:
    179
    Last Refresh:
    Feb 19 at 10:06 pm

    Property Features for 5699 Connell Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    1
    APN
    74190034001000
    Parking features
    Garage, Garage - Detached
    Exterior features
    Pond, Pole Barn
    Appliances
    Dryer, Range, Refrigerator
    Size
    1,032 SF
    Lot size
    80.00 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Wall/Window Unit(s)
    Water front features
    Pond

    Building Details

    Year built
    1973
    Floors in Building
    1
    Architectural style
    Other
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Robert Kean
    Robert Kean

    Coldwell Banker Professionals (586) 727-2741

    Listing agent Robert Kean (586) 727-2741 License #6506045064

    Listing date Aug 25, 2025

    MLS# 50186288 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. 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

    Secluded 80-Acre Farm with Woods

    This rural 80-acre farm features over 40 acres of mature woods, offering firewood and hunting opportunities. Multiple stands of hand-planted pines are present on the parcel. A large pond provides opportunities for swimming and fishing. The front half of the property is currently farmed and is subject to tenant's crop rights. The property is fenced for livestock. A single wide trailer, with a stick-built addition that could serve as a third bedroom or additional living area, is located on the property. The home and buildings are situated far from the road, providing a secluded setting. There are three outbuildings, including a detached three-car garage with an additional workshop area, a small cattle barn-lean to for livestock, and a large pole barn suitable for storage or additional livestock. The property offers views throughout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Emmett
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.8084768
    Latitude
    43.0630483

    Nearby Similar for Sale

    • $149,900
      2,528 SF

      Multifamily Property with Storage Potential

      Multifamily home and storage property near I-69 and M-19.
      3279 Emmett Rd, Emmett, MI 48022
      View Details

    FAQs

    What type of property is this?
    Farm - 80-acre farm featuring mature woods, pond, and outbuildings.
    Where is this farm located?
    The property is located at 5699 Connell Rd Emmett, MI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - 80-acre rural farm featuring 40+ acres of mature woods perfect for firewood and hunting.; - Enjoy a large pond for swimming and fishing.; - Fenced for livestock, includes a cattle barn/lean-to and a large pole barn.
    (810) 650-5850
    Request Owner's contact information
    5699 Connell Rd Emmett, MI 48022
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    Emmett, MI 48022
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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
    5699 Connell Rd Emmett, MI 48022
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    We can help!
    Listing Contact
    Robert Kean
    Robert Kean
    Real Estate License ID: 6506045064
    (810) 650-5850 (586) 727-2741 (810) 387-2400
    Learn more
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