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

    Alpena St Gaylord, MI 49735

    Sponsored
    For Sale
    Contact for pricing

    LAND - Gaylord, MI

    Lot size:
    5.64 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 2 at 8:06 pm

    Property Features for Alpena St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    APN
    09000930003500, 09141010003500, 09141007900100
    Lot size
    5.64 Acres

    We can help!

    Listing Contact
    Amanda Morris

    Smith Realty Group (989) 732-2477

    Listing agent Amanda Morris (989) 370-5906

    Listing date Feb 26, 2026

    MLS# 201837966 Listing URL

    Copyright © 2026 Water Wonderland Board of Realtors®. 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

    Vacant Land in Gaylord, MI

    This property features over 5 acres of untouched vacant land, comprising three fully wooded parcels situated in a private setting. Located a short drive from town and in proximity to multiple inland lakes, this land offers possibilities for a personal retreat or investment. The R-2 Zoning for Otsego County and survey documents provide further insight into the property's potential. A sign marks the corner at the start of the property and the first parcel, with a long road on the right side leading to the parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.688321
    Latitude
    44.918719

    Nearby Similar for Sale

    • $720,000
      3,704 SF

      Equipped Auto Shop with Expansion

      Well-established auto shop with expansion potential in Gaylord, Michigan.
      936 N Otsego Lake Dr, Gaylord, MI 49735
      View Details
    • $605,000
      9,460 SF

      Flex, Storage Investment Opportunity

      Two buildings with flex space, warehouse, and self-storage units.
      3707 S Old 27, Gaylord, MI 49735
      View Details
    • $699,000

      Downtown Gaylord Commercial Property

      Prime commercial property with restaurant and convenience store.
      325 W 2Nd St, Gaylord, MI 49735
      View Details
    • $199,900
      1,734 SF

      Gaylord Commercial Building For Sale

      Commercial building in Gaylord, near hospital and Amazon center.
      611 N Center Ave, Gaylord, MI 49735
      View Details
    • $499,000

      Downtown Gaylord Commercial Opportunity

      Prime commercial property with real estate and equipment included.
      324 W Main St, Gaylord, MI 49735
      View Details
    • $249,999
      4,122 SF

      Restaurant/Bar Opportunity Near Big Lake

      East Gaylord restaurant/bar with ample space and prime location.
      1070 Big Lake Rd, Gaylord, MI 49735
      View Details
    • $1,083,500

      Downtown Gaylord Commercial Property For Sale

      Versatile commercial property with restaurant, store, and food truck potential.
      325 W 2Nd St, Gaylord, MI 49735
      View Details
    • New
      $215,000

      Cottage Resort Near Heart Lake

      Multi-dwelling resort near snowmobile trails and Heart Lake.
      9411 S Old Us Highway 27, Gaylord, MI 49735
      View Details
    • $199,000
      960 SF

      Versatile Office/Retail Space For Sale

      High-visibility commercial space with refreshed interior in high-traffic area.
      146 N Center Ave, Gaylord, MI 49735
      View Details
    • $255,000
      1,792 SF

      Commercial Space in Downtown Gaylord

      Mixed-use property with office space, apartment, and garage.
      1412 S Otsego Ave, Gaylord, MI 49735
      View Details
    • $325,000
      4,822 SF

      Downtown Gaylord Mixed-Use Building

      Commercial building with mixed-use potential and upper-level apartment.
      144 W Main St, Gaylord, MI 49735
      View Details
    • $142,500

      Downtown Gaylord Commercial Property

      Commercial property in downtown Gaylord with hookups for food trucks.
      S Otsego Ave, Gaylord, MI 49735
      View Details

    FAQs

    What type of property is this?
    Land - 5.64 acres of wooded land near inland lakes.
    Where is this land located?
    The property is located at Alpena St Gaylord, MI.
    What is the asking price?
    The asking price for this property is $14,500.
    What are key features of this property?
    This property features: - Over 5 acres of untouched vacant land offer endless possibilities.; - 3 fully wooded parcels provide a private setting.; - Private setting.
    (989) 370-5906
    Request Owner's contact information
    Alpena St Gaylord, MI 49735
    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.
    Alpena St
    Gaylord, MI 49735
    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
    Alpena St Gaylord, MI 49735
    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

    We can help!
    Listing Contact
    Amanda Morris
    (989) 370-5906
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!