Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot Near Lake Michigan Title is generated by Realmo AI

    8007 Pleasantview Woods, Harbor Springs, MI 49740

    View on Map
    Claim this Listing
    For Sale
    $85,000

    Lots/Land - Harbor Springs, MI

    Type:Single Family Residence
    Lot size:
    0.92 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    193
    Last Refresh:
    May 10 at 6:06 am

    Property Features for 8007 Pleasantview Woods

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Res
    Interior features
    Electric, Natural Gas, Cable TV, Near Snowmobile Trails
    Standard status
    Active
    APN
    08-16-15-101-155
    Lot size
    0.92 Acres

    Utilities

    Utilities
    Cable Available, Electricity Available, Natural Gas Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Olson
    Kevin Olson

    Listing agent Kevin Olson

    Listing office Graham Real Estate 198 E MAIN ST., Harbor Springs, MI

    Listing date Oct 30, 2025

    MLS# 478169 Listing URL

    Copyright © 2026 Northern Michigan 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

    • Prime Location: Convenient access to Harbor Springs and Petoskey.
    • Ready for Building: Foundation and drilled well are already in place.
    • Underground Utilities: Includes cable, electric, phone, and natural gas.
    • Close to Recreation: Minutes from Highlands of Harbor Springs, Nubs Nob, the Bike Trail, and Lake Michigan.
    • Private Wooded Lot: Offers seclusion and natural beauty.
    • BOCA Modular Homes Permitted: Providing flexible building options.

    Overview

    This secluded wooded lot is located between Harbor Springs and Petoskey, Michigan. It is situated minutes from the Highlands of Harbor Springs, Nubs Nob, the Bike Trail, and the shores of Lake Michigan. The 0.92-acre lot offers an ideal setting for building a getaway or year-round home. Paved roads and underground utilities, including cable, electric, phone, and natural gas, facilitate building. A foundation is in place, and a drilled well is ready for hookup. BOCA modular homes are permitted. The property is zoned for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harbor Springs
    County
    Emmet
    State
    Michigan
    Longitude
    -84.910157
    Latitude
    45.431632

    Nearby Similar for Sale

    • $595,000
      3,797 SF

      Brewery Restaurant on Main Street

      Modern brewery restaurant on Main Street in Cross Village.
      6352 N Lake Shore, Harbor Springs, MI 49740
      View Details
    • $994,900

      Waterfront Lot on Lake Michigan

      Elevated wooded lot with 100' frontage on Lake Michigan.
      4260 S Lake Shore, Harbor Springs, MI 49740
      View Details
    • $184,900

      Harbor Springs Commercial Land Opportunity

      Prime commercial land in a desirable Harbor Springs business corridor.
      8525 Commerce, Harbor Springs, MI 49740
      View Details
    • $47,500

      Harbor Springs Wooded Lot Opportunity

      Desirable wooded lot in Harbor Springs, close to amenities.
      3480 Needles, Harbor Springs, MI 49740
      View Details
    • $47,500

      Wooded Lot in Harbor Springs

      Desirable 1.13-acre wooded lot in a prime location.
      3480 NEEDLES, HARBOR SPRINGS, MI 49740
      View Details
    • $129,900

      Harbor Springs Wooded Lot

      Wooded lot near Lake Michigan in Harbor Springs, Michigan.
      8385 Seven Mile Point, Harbor Springs, MI 49740
      View Details
    • $92,900

      Harbor Springs Land Opportunity

      1.34 acre wooded property near downtown Harbor Springs.
      5945 Lodgepole, Harbor Springs, MI 49740
      View Details
    • $200,000

      True North Golf Club Homesite

      Homesite in True North Golf Club, design your dream residence.
      2522 RED HAWK, HARBOR SPRINGS, MI 49740
      View Details
    • $415,000

      Land Near Harbor Springs

      Land with cleared area, located near Harbor Springs downtown.
      7481 S STATE, HARBOR SPRINGS, MI 49740
      View Details
    • $268,000

      Harbor Springs Buildable Acreage

      12.9-acre parcel near Harbor Springs, ready for your dream home.
      5850 DEER RUN TRAIL, HARBOR SPRINGS, MI 49740
      View Details
    • $92,900

      Harbor Springs Land Opportunity

      1.34 acre wooded property near downtown Harbor Springs.
      5945 Lodgepole Road, Harbor Springs, MI 49740
      View Details
    • $268,000

      Harbor Springs Build-Ready Land

      12.9 acre parcel perfect to build your dream home.
      5850 Deer Run Trail, Harbor Springs, MI 49740
      View Details

    FAQs

    What type of property is this?
    Land - Secluded wooded lot near Harbor Springs and Petoskey.
    Where is this land located?
    The property is located at 8007 Pleasantview Woods Harbor Springs, MI.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Prime Location: Convenient access to Harbor Springs and Petoskey.; Ready for Building: Foundation and drilled well are already in place.; Underground Utilities: Includes cable, electric, phone, and natural gas.
    (231) 526-6251
    We can help!
    Listing Contact
    Kevin Olson
    Kevin Olson
    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
    8007 Pleasantview Woods, Harbor Springs, MI 49740
    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!