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    8839 Petz Rd Imlay City, MI 48444

    Sponsored
    For Sale
    $999,900

    Farm House, Farm - Imlay City, MI

    Type:Farm
    Property size:
    2,326 SF
    Lot size:
    50.00 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 19 at 10:06 pm

    Property Features for 8839 Petz Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    011-012-002-00
    Parking features
    Garage, Garage - Detached, Heated, Workshop
    Exterior features
    Horse Barn, Barn, Pole Barn, Shed
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    2,326 SF
    Lot size
    50.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Architectural style
    Other
    Additional Structures
    Barn(s), Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Stacy Peardon
    Stacy Peardon

    Epique Realty (512) 387-0722

    Listing agent Stacy Peardon (248) 218-2604 License #6501281347

    Listing date Feb 13, 2026

    MLS# 50199442 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

    Imlay City Organic Equestrian Farm

    Located in Imlay City, this 51-acre organic farm offers a blend of rural refinement and functionality. The property is fully fenced with treated posts, high-tensile woven wire, and a hot wire top, making it suitable for horses. Multiple barns equipped with water hydrants, a large utility barn, a workshop, a chicken coop, and a converted granary office provide a fully operational setup for equestrian use, hobby farming, or livestock. The land includes forty acres of hay fields, three wooded acres of mature silver maple for syrup production, and six acres preserved for wildlife habitat, with wild apple and pear trees scattered throughout. The renovated farmhouse, spanning over 2,300 square feet, combines historic character with modern updates. It features reclaimed barn wood accents, original beams, refinished hardwood flooring (2025), wide plank heart pine floors repurposed from the on-site granary, and a wood-burning stove. Recent updates include cedar shake siding (2020), a new roof with ridge vents (2023), a 22kw Generac whole-house generator (2020), repaired stone foundation and footings (2025), interior and exterior paint (2025), new appliances, a hybrid hot water heater, and a reverse osmosis system. Starlink hardware and security cameras are included. The property offers privacy on three sides and is located 20 minutes from Metamora’s equestrian community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Imlay City
    County
    Lapeer
    State
    Michigan
    Longitude
    -82.995625
    Latitude
    43.047468

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    FAQs

    What type of property is this?
    Farm - 51-acre organic farm with renovated farmhouse near Metamora equestrian community.
    Where is this farm located?
    The property is located at 8839 Petz Rd Imlay City, MI.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - 51-acre organic farm, **fully fenced with treated posts, high-tensile woven wire and hot wire top, ideal for horses and livestock**.; - Located 20 minutes from Metamora's equestrian community, offering more land, privacy, and value.; - Multiple barns with water hydrants, a large utility barn, workshop, chicken coop, and converted granary office provide a fully operational setup.
    (586) 532-0500
    Request Owner's contact information
    8839 Petz Rd Imlay City, MI 48444
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    Imlay City, MI 48444
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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
    8839 Petz Rd Imlay City, MI 48444
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    We can help!
    Listing Contact
    Stacy Peardon
    Stacy Peardon
    Real Estate License ID: 6501281347
    (586) 532-0500 (586) 685-1105 (248) 494-4400
    Learn more
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