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

    7380 Southfield Drive Shelby Twp, MI 48316

    View on Map
    For Sale
    $219,000

    Vacant Land - Shelby Twp, MI

    Lot size:
    6.74 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    147
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 7380 Southfield Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    0716401007
    Lot size
    6.74 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1968

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rita Aubrey

    Listing agent Rita Aubrey

    Listing office Arterra Realty Michigan LLC 429 S Main St, Rochester, MI

    Listing date Nov 5, 2025

    MLS# 20251051940 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

    Shelby Twp Vacant Land

    This property offers nearly 7 acres of land with approximately 1.5 acres of buildable space, suitable for constructing a dream home. The land, located in Shelby Twp, MI, has been recently cleaned and cleared, facilitating immediate planning and construction. The residential-zoned property allows for various architectural styles, including modern, barn style, or custom designs. The location provides a private setting with convenient access to local shopping, dining, and schools in Macomb County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -83.040565
    Latitude
    42.676197

    Nearby Similar for Sale

    • $154,999
      1,250 SF

      Turnkey Pizza Restaurant Opportunity

      Fully equipped pizza restaurant in high-traffic Shelby Twp location.
      2274 Auburn, Shelby Twp, MI 48317
      View Details
    • $399,900

      Renovated Multi-Unit Investment Property

      Income-generating duplex in Shelby Township, completely renovated in 2021/2022.
      8820 Russell Street, Shelby Twp, MI 48317
      View Details
    • $75,000
      1,280 SF

      Turnkey Boutique Business Opportunity

      Established clothing boutique in Shelby Twp, ready for new ownership.
      47331 Van Dyke Ave, Shelby Twp, MI 48317
      View Details
    • $678,000

      Vacant Land in Shelby Twp

      5.83 acres of buildable land suitable for various commercial uses.
      15055 22 Mile, Shelby Twp, MI 48315
      View Details
    • $99,900

      Residential Land in Shelby Twp

      Vacant land in Utica School District for custom home.
      3733 CHRISTIE Lane, Shelby Twp, MI 48317
      View Details
    • $209,900

      Residential Land in Shelby Township

      Cleared land ready for building a dream home in Shelby.
      14345 24 Mile Road, Shelby Twp, MI 48315
      View Details
    • $119,999

      Shelby Twp Wooded Homesite

      Prime 1.3 acre wooded parcel in Shelby Township.
      8480 Rosecrest Court, Shelby Twp, MI 48316
      View Details
    • $149,900

      Residential Land in Shelby Township

      Buildable lot on private drive, over half an acre.
      5961 woodmire, Shelby Twp, MI 48316
      View Details
    • $4,595,000
      39,388 SF

      Industrial Facility with Expansion Potential

      Well-maintained 38,388 SF industrial facility with expansion and outside storage.
      51455 Schoenherr Road, Shelby Twp, MI 48315
      View Details
    • $190,000

      Vacant Land in Shelby Township

      Large vacant lot in a fast-growing Shelby Township area.
      5720 HEARST Road, Shelby Twp, MI 48317
      View Details
    • $175,000

      Established Market with Mediterranean Cuisine

      Thriving market with bakery, meat, and Mediterranean kitchen.
      45701 Hayes Rd, Shelby Twp, MI 48315
      View Details
    • $1,700,000

      25.84 Acres of Land

      25.84 acres of land available for sale.
      45095 Ryan Rd, Shelby Twp, MI 48317
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly 7 acres of buildable land in Shelby Twp, MI.
    Where is this residential land & home lot located?
    The property is located at 7380 Southfield Drive Shelby Twp, MI.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: Nearly 7 acres of land in Shelby.; Approximately 1.5 acres of buildable space.; Land recently cleaned and cleared for immediate building.
    (248) 731-0048
    We can help!
    Listing Contact
    Rita Aubrey
    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!