Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Jonathan Ct West Branch, MI 48661

    Sponsored
    For Sale
    $40,000

    Vacant Lot/Land - West Branch, MI

    Lot size:
    0.51 Acres
    Days on Market:
    298
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for Jonathan Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential,Platted Subdivision
    Exterior features
    None, Countryside View
    Lot size
    0.51 Acres

    Utilities

    Water front features
    Creek, Inland Lake, Public Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    YVONNE DEROSO

    Morris Richardson Real Estate (989) 345-2828 [email protected]

    Listing agent YVONNE DEROSO (989) 345-2828

    Listing date Mar 29, 2025

    MLS# 1926470 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. 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

    Overview

    Half Acre Wooded Residential Lot

    This partially wooded half-acre lot is situated in a subdivision setting along a paved road. The property fronts Ogemaw Creek and includes deeded access to Flowage Lake. Municipal sewer services are available. Located approximately 2 miles from I-75, the lot offers convenient access to downtown West Branch.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    West Branch
    County
    Ogemaw
    State
    Michigan
    Longitude
    -84.212327614975
    Latitude
    44.264551031215

    Nearby Similar for Sale

    • $2,500,000
      17,000 SF

      West Branch Entertainment Center Opportunity

      Iconic entertainment center with bowling, putt-putt, arcade, and more.
      2357 S M-76, West Branch, MI 48661
      View Details
    • $389,000
      1,922 SF

      West Branch Prime Location Property

      Prime location property in West Branch with endless possibilities.
      508 E Houghton Ave, West Branch, MI 48661
      View Details
    • $450,000
      3,541 SF

      West Branch Medical/Dental Building

      Commercial building on high-traffic main street in downtown West Branch.
      105 W Houghton Ave, West Branch, MI 48661
      View Details
    • $465,000
      2,778 SF

      Former Bar and Restaurant Opportunity

      Bar/restaurant with river frontage, equipment, and highway access near I-75.
      2337 S M-76, West Branch, MI 48661
      View Details
    • $169,000
      1.97 Acres

      Income Producing Parking Lot

      Recently redone parking lot with signage in West Branch.
      Plaza Dr, West Branch, MI 48661
      View Details
    • $330,000
      8,106 SF

      West Branch Retail Store

      Spacious retail building with long-term tenant in West Branch.
      109 Plaza Dr, West Branch, MI 48661
      View Details
    • $589,000
      3,700 SF

      Mixed-Use Building in Downtown

      Commercial mixed-use building for sale or lease in downtown.
      502 W Houghton Ave, West Branch, MI 48661
      View Details
    • $699,000
      0.82 Acres

      Former Brian's Fruit Market Location

      High-visibility commercial property with liquor license and income potential.
      2167 S M-76, West Branch, MI 48661
      View Details
    • $150,000

      Craftsman Office Building Near Lake

      Turn-key office building with lake views and highway access.
      3008 Rifle River Trl, West Branch, MI 48661
      View Details
    • $325,000
      1,348 SF

      West Branch Development Opportunity

      Commercial property in West Branch with development potential and rental income.
      512 E Houghton Ave, West Branch, MI 48661
      View Details
    • $169,000

      Income Producing Parking Lot

      Redone parking lot with signage in Plaza East shopping center.
      Plaza Dr, West Branch, MI 48661
      View Details

    FAQs

    What type of property is this?
    Land - Partially wooded lot with creek frontage and lake access.
    Where is this land located?
    The property is located at Jonathan Ct West Branch, MI.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Waterfront property fronting Ogemaw Creek with deeded access to Flowage Lake.; - Half-acre partially wooded lot in a subdivision setting.; - Convenient location approximately 2 miles from I-75 and close to downtown West Branch.
    (989) 387-8887
    Request Owner's contact information
    Jonathan Ct West Branch, MI 48661
    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.
    Jonathan Ct
    West Branch, MI 48661
    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
    Jonathan Ct West Branch, MI 48661
    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
    YVONNE DEROSO
    (989) 387-8887
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.