Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7294 Flamingo Algonac, MI 48001

    View on Map
    For Sale
    $154,900

    Vacant Land - Algonac, MI

    Lot size:
    0.26 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    132
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 7294 Flamingo

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Recreational
    Standard status
    Active
    APN
    142080130000
    Lot size
    0.26 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1275

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nagib Zindani

    Listing agent Nagib Zindani License #6501402898

    Listing office KW Platinum 31525 23 Mile Rd., Chesterfield, MI

    Listing date Nov 20, 2025

    MLS# 50194714 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.

    Overview

    Waterfront Land in Algonac, MI

    This vacant land is located in Algonac, MI. The property is a 0.26-acre waterfront lot situated on a canal. It is zoned for recreational use. The property is near the North Channel and the St. Clair River, providing access for boating and waterfront living. The waterway offers privacy with trees and wildlife. The property is suitable for building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Algonac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.63002
    Latitude
    42.63342

    Nearby Similar for Sale

    • $225,000
      2,060 SF

      Algonac Multifamily Investment Opportunity

      Multifamily property near Algonac State Park with rental income potential.
      1719 Saint Clair River, Algonac, MI 48001
      View Details
    • $699,900
      4,565 SF

      Algonac Multi-Unit Investment Opportunity

      Seven-unit property in downtown Algonac with recent updates and strong rental potential.
      1523 Saint Clair River, Algonac, MI 48001
      View Details
    • $120,000

      Waterfront Double Lot Opportunity

      Premium canal-front property perfect for building a custom waterfront retreat.
      102 Island, Algonac, MI 48001
      View Details
    • $79,900

      Residential Land in Algonac, MI

      1.6 acre residential land with utilities in Algonac, MI.
      6630 Holland, Algonac, MI 48001
      View Details
    • Contact for pricing
      4 SF

      Neighborhood Shopping Center with Kroger

      Neighborhood shopping center anchored by Kroger and Dollar Tree.
      2600 Pointe Tremble Road | Algonac, MI 48001, MI 48001
      View Details
    • Contact for pricing

      Retail Property in Algonac, MI

      Retail property available for sale in Algonac, Michigan.
      1025 St Clair River Dr, Algonac, MI 48001
      View Details
    • $39,900

      Vacant Land Near Saint Clair

      Buildable vacant lot across from Canal and Saint Clair river.
      00 Roselawn, Algonac, MI 48001
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Vacant canal lot for waterfront living and boating.
    Where is this waterfront land located?
    The property is located at 7294 Flamingo Algonac, MI.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: Vacant canal lot in Algonac - rare opportunity.; Wide canal with total privacy - **no homes across, only trees and wildlife.**; Quick access to North Channel and St. Clair River.
    (586) 206-7230
    We can help!
    Listing Contact
    Nagib Zindani
    Real Estate License ID: 6501402898
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!