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

    Indian Oaks Lot 2 Prudenville, MI 48651

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Prudenville, MI

    Added:
    Apr 29, 2019
    Days on Market:
    2558
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for Indian Oaks Lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    003-385-002-0000

    Taxes and HOA fees

    Tax Description
    Lot 2 Indian Oaks

    We can help!

    Listing Contact
    Kimberly Kaminski
    Kimberly Kaminski

    Listing agent Kimberly Kaminski License #6501381142

    Listing office Homewaters, LLC - Houghton Lake 724 Iroquois Ave, Houghton Lake, MI

    Listing date Apr 29, 2019

    MLS# 201802959 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.

    Overview

    Residential Land in Prudenville, MI

    This residential land is located in an upscale neighborhood in Prudenville, Michigan, offering an opportunity to build a Northern dream home. The property is situated conveniently between Lake James and Houghton Lake. The subdivision features underground utilities, a city sewer system at the street, and paved roads. The lots are beautifully treed. The intended use of the property is for residential purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Prudenville
    County
    Roscommon
    State
    Michigan
    Longitude
    -84.644027
    Latitude
    44.297905

    Nearby Similar for Sale

    • $749,000
      6,791 SF

      Versatile Commercial Property in Prudenville

      High-visibility commercial building suitable for diverse business operations.
      1200 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $749,000
      6,791 SF

      Versatile Commercial Property in Prudenville

      High-visibility commercial building suitable for diverse business operations.
      1200 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $350,000
      14,810 SF

      Versatile Commercial Building Near Houghton Lake

      Commercial building near Houghton Lake suitable for retail, office, or apartments.
      960 W Houghton Lake, Prudenville, MI 48651
      View Details
    • $360,000
      2,880 SF

      Profitable Car Wash Investment Opportunity

      Well-maintained car wash on a high-traffic corridor near Houghton Lake.
      225 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $690,000

      Commercial Opportunity in Houghton Lake

      Well-maintained commercial building with flexible layout in a prime location.
      2121 West Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $690,000

      Commercial Opportunity in Houghton Lake

      Well-maintained commercial building with flexible layout in a prime location.
      2121 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $360,000

      Profitable Car Wash Investment Opportunity

      Well-maintained car wash on Highway M-55 near Houghton Lake.
      225 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $1,199,999

      Hospitality Investment Opportunity in Prudenville

      Hospitality and resort investment opportunity on Houghton Lake's East Bay.
      104 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $115,000

      Prudenville Land with Development Potential

      24.5 acres in Prudenville, suitable for residential or recreational development.
      4457 E West Branch Road, Prudenville, MI 48651
      View Details
    • $749,000
      6,791 SF

      Versatile Commercial Property For Sale

      High-traffic location suitable for retail, service, or mixed commercial operations.
      1200 W Houghton Lake Drive, Prudenville, MI 48651
      View Details
    • $79,000

      Residential Land Near Houghton Lake

      Three residential lots near Houghton Lake, offering lake access.
      Iroquois Avenue lot: 31-33, Prudenville, MI 48651
      View Details
    • $325,000
      32,770 SF

      Former School Redevelopment Opportunity

      32,770 SF former school for commercial/residential redevelopment in Prudenville.
      604 Sullivan Avenue, Prudenville, MI 48651
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for building a home near Houghton Lake.
    Where is this land located?
    The property is located at Indian Oaks Lot 2 Prudenville, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location between Lake James and Houghton Lake.; Upscale neighborhood with well‑appointed homes.; Underground utilities and city sewer system at street.
    (989) 302-2951
    We can help!
    Listing Contact
    Kimberly Kaminski
    Kimberly Kaminski
    Real Estate License ID: 6501381142
    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!