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

    VL M55 Prescott, MI 48756

    View on Map
    Claim this Listing
    Pending
    $49,900

    Vacant Land - Prescott, MI

    Lot size:
    13.21 Acres
    Added:
    Sep 10, 2025
    Days on Market:
    228
    Last Refresh:
    Apr 25 at 6:06 am

    Property Features for VL M55

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Pending
    APN
    001-024-010-10
    Lot size
    13.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    707.28

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Charles Poag

    Listing agent Charles Poag License #6504289836

    Listing office Charles Poag Realty 1207 Harding, Owosso, MI

    Listing date Sep 10, 2025

    MLS# 50188274 Listing URL

    Copyright © 2026 Greater Shiawassee Regional 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

    13.21 Acres Vacant Land

    This 13.21-acre parcel is located in Ogemaw County, Churchill Township, on M-55 near the Rifle River, between Tawas and West Branch, approximately 30 miles from Tawas, in Prescott, MI. The land features mature trees and farmland. The property is zoned agricultural and could be used to build a home or for hunting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Prescott
    County
    Ogemaw
    State
    Michigan
    Longitude
    -83.986
    Latitude
    44.2265

    Nearby Similar for Sale

    • $875,000
      12,212 SF

      Hardware Store in Prescott, MI

      Established True Value hardware store with real estate and inventory.
      2111 Greenwood Road, Prescott, MI 48756
      View Details
    • $875,000
      12,212 SF

      Hardware Store in Prescott, MI

      Established True Value hardware store with high visibility and year-round income.
      2111 Greenwood Road, Prescott, MI 48756
      View Details
    • $99,000
      15,000 SF

      Prescott School Conversion Opportunity

      Former middle school with conversion potential on 15+ acres.
      329 N Washington Street, Prescott, MI 48756
      View Details
    • $150,000
      6,700 SF

      Versatile Retail Space Near Skidway

      Spacious retail space with restaurant section and shipping zone.
      2370 Greenwood Road, Mills Township, MI 48756
      View Details
    • $21,900

      Vacant Lot Ready to Build

      Over 3/4 acre lot with well, septic, and electric.
      1988 First Oak, Prescott, MI 48756
      View Details
    • $34,000

      Residential Land with Solar Panels

      3.9 acre residential lot with driveway and electric.
      2788 Greenwood Road, Prescott, MI 48756
      View Details
    • $12,000

      Buildable Parcels in Prescott, Michigan

      Five buildable parcels available individually or as a package.
      220 E Harrison Street, Prescott, MI 48756
      View Details
    • $150,000

      Lakefront Land in Prescott, Michigan

      Buildable land with sandy beach frontage on Feeding Ground Lake.
      x E Greenwood, Prescott, MI 48756
      View Details
    • $9,799

      Recreational Land in Prescott, MI

      Double lot perfect for building or RV camping near recreation.
      XX Beals, Prescott, MI 48756
      View Details
    • $14,900

      Waterfront Land on Silver Creek

      Half-acre lot with 140' frontage on Silver Creek.
      Silver Creek Road, Prescott, MI 48756
      View Details
    • $15,000

      Buildable Land Parcel in Prescott

      Buildable parcel with ample space for dwelling or recreation.
      312 E Harrison Street, Prescott, MI 48756
      View Details
    • $40,000

      Prescott, MI Vacant Land

      10 acres of land suitable for building or hunting.
      5229 Sage Lake Road, Prescott, MI 48756
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 13.21 acre parcel suitable for building or hunting.
    Where is this agricultural land / farmland located?
    The property is located at VL M55 Prescott, MI.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Large 13.21‑acre parcel offers privacy and potential for building a dream home or hunting.; Prime location between Tawas and West Branch on M‑55 near the Rifle River.; Features mature trees and farmland.
    (989) 251-6954
    We can help!
    Listing Contact
    Charles Poag
    Real Estate License ID: 6504289836
    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!