Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Mystic Ridge Title is generated by Realmo AI

    5824 Trail Side Lane, Whitmore Lake, MI 48189

    View on Map
    Claim this Listing
    For Sale
    $110,000

    LAND - Whitmore Lake, MI

    Lot size:
    0.39 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    252
    Last Refresh:
    May 21 at 9:06 am

    Property Features for 5824 Trail Side Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-34-401-141
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SEC 34 T1N R5E MYSTIC RIDGE ESTATES UNIT 141
    Tax Annual Amount
    1259

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Sheila Hoeft

    Listing agent Sheila Hoeft License #6501412076

    Listing office @properties Christie's Int'lAA 912 N Main Street suite 200, Ann Arbor, MI

    Listing date Sep 12, 2025

    MLS# 25047310 Listing URL

    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.

    HighLights

    • Premier lot in the coveted Mystic Ridge Subdivision.
    • Located in Hamburg Township (lower township taxes).
    • Dexter School District.
    • Peaceful country feel with close proximity to Dexter & Ann Arbor.
    • Bring your own builder to design a custom home.
    • Electricity Available.

    Overview

    This 0.39-acre lot is located in the Mystic Ridge Subdivision in Hamburg Township, within the Dexter School District. The property offers a blend of convenience and tranquility, providing a peaceful country feel while being in close proximity to Dexter and Ann Arbor. This site is intended for residential use, allowing for the construction of a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Pharmacy Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitmore Lake
    County
    Livingston
    State
    Michigan
    Longitude
    -83.83015
    Latitude
    42.430575

    Nearby Similar for Sale

    • $150,000
      7,084 SF

      Spacious Commercial Building Near Whitmore

      7,000+ sq ft commercial building with redevelopment potential.
      10596 Hamburg Road, Whitmore Lake, MI 48189
      View Details
    • $390,000
      2,200 SF

      Whitmore Lake Mixed-Use Remodeled Property

      Remodeled 2,200 SF mixed-use property in historic Whitmore Lake.
      9509 Main Street, Whitmore Lake, MI 48189
      View Details
    • $250,000

      Waterfront Lot on Whitmore Lake

      Lakefront lot with frontage on all-sports Whitmore Lake.
      9510 Main Street, Whitmore Lake, MI 48189
      View Details
    • $245,900

      Land Parcel Near Independence Lake

      5-acre vacant land parcel near US23 and Independence Lake.
      Jennings Road, Whitmore Lake, MI 48189
      View Details
    • $245,900

      5-Acre Parcel in Whitmore Lake

      Build your dream home on this beautiful 5-acre parcel.
      Jennings Road, Whitmore Lake, MI 48189
      View Details
    • $245,900

      5-Acre Parcel in Whitmore Lake

      Build your dream home on this beautiful 5-acre parcel.
      Jennings Road, Whitmore Lake, MI 48189
      View Details
    • $150,000
      7,000 SF

      Versatile Commercial Building in Hamburg

      Redevelopment opportunity near Whitmore Lake with high visibility.
      10596 Hamburg Rd, HamburgTownship_Livingston, MI 48189
      View Details
    • $145,000

      Spacious Corner Lot in Michigan

      Five-acre vacant parcel with extensive road frontage in Whitmore Lake.
      VL Winters Lane, Whitmore Lake, MI 48189
      View Details
    • $1,795,000
      10,000 SF

      Hamburg Township Development Opportunity

      Infill development site with flexible zoning and existing infrastructure.
      10776 Hall Rd, HamburgTownship_Livingston, MI 48189
      View Details
    • $199,900

      Webster Twp Vacant Land Parcel

      5+ acre vacant land between Brighton and Ann Arbor.
      9470 Dinser Lane, Webster Twp, MI 48189
      View Details
    • $699,500

      Prime Commercial Land Opportunity

      3.51-acre commercial development site in Northfield Township.
      193 Barker Rd, Whitmore Lake, MI 48189
      View Details
    • Contact for pricing
      12,000 SF

      New Industrial/Flex Space Available

      Brand new industrial/flex suites with office and mezzanine.
      11850 Green Oak Industrial Drive, Whitmore Lake, MI 48189
      View Details

    FAQs

    What type of property is this?
    Land - Land in Mystic Ridge Subdivision to build your dream home.
    Where is this land located?
    The property is located at 5824 Trail Side Lane Whitmore Lake, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Premier lot in the coveted Mystic Ridge Subdivision.; Located in Hamburg Township (lower township taxes).; Dexter School District.
    (734) 330-1582
    We can help!
    Listing Contact
    Sheila Hoeft
    Real Estate License ID: 6501412076
    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
    5824 Trail Side Lane, Whitmore Lake, MI 48189
    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!