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
    The Largest CRE Database in the US with Over 1 Million Listings

    Mason Dr Newaygo, MI 49337

    Sponsored
    For Sale
    Pending
    $39,900

    land - NEWAYGO, MI

    Lot size:
    3.03 Acres
    Days on Market:
    18
    Last Refresh:
    Jan 30 at 8:06 am

    Property Features for Mason Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    3.03 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Lightfoot
    Lisa Lightfoot

    Coldwell Banker Schmidt Family Of Companies

    Listing agent Lisa Lightfoot (231) 924-5880

    Listing date Jan 13, 2026

    MLS# 25061407 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt 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

    Commercial Land on Main Highway

    This is a 3.03-acre commercial vacant land parcel with high visibility on the main highway, located minutes from the heart of Newaygo, Michigan. The property has a narrow and deep configuration, measuring approximately 89 feet wide by 1,324 feet deep. It is partially wooded, providing a natural buffer and serene setting while maintaining direct access to heavy traffic flow. This land is suitable for commercial applications that benefit from a long, private access route or require significant depth for operations. It is strategically located close to town amenities and services, making it ideal for a wide range of commercial endeavors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Newaygo
    County
    Newaygo
    State
    Michigan
    Longitude
    -85.801415
    Latitude
    43.399101

    Nearby Similar for Sale

    • $340,000
      2,532 SF

      Unique Church Building in Newaygo

      Versatile church building suitable for various uses in Newaygo.
      30 Quarterline St, Newaygo, MI 49337
      View Details
    • $499,000
      2,876 SF

      Turnkey Light-Industrial Business Opportunity

      Established granite fabrication business on 7.7 acres near M-37.
      7887 Elm Ave, Newaygo, MI 49337
      View Details
    • $925,000
      5,116 SF

      Turnkey Retail Firework Store Opportunity

      Retail firework store right off M37, built in 2017.
      330 Adams St, Newaygo, MI 49337
      View Details
    • $270,000
      1,860 SF

      Versatile Commercial Building in Newaygo

      Well-maintained 1,860 sq ft building with versatile layout.
      479 S Division St, Newaygo, MI 49337
      View Details
    • $422,000
      4,983 SF

      Versatile Industrial Building in Newaygo

      Spacious 4,983 sq ft industrial building suitable for various businesses.
      515 S Division St, Newaygo, MI 49337
      View Details
    • $65,000
      720 SF

      Newaygo County Home Near Recreation

      Comfortable home with access to lakes, rivers, and forestland.
      3259 S Chase Ave, Newaygo, MI 49337
      View Details
    • $925,000

      Turnkey Retail Firework Store Opportunity

      Retail firework store right off M37, built in 2017.
      330 Adams St, Newaygo, MI 49337
      View Details
    • $649,000
      5,064 SF

      Newaygo Commercial Gem: Multi-Use Building

      Historic Charm, Modern Updates, High Visibility
      30 Quarterline St, Newaygo, MI 49337
      View Details
    • $650,000
      5,115 SF

      Prime Newaygo Mixed-Use Building

      High-traffic location, 5,115 sq ft, excellent condition
      330 Adams St, Newaygo, MI 49337
      View Details
    • $269,000
      1,120 SF

      Newaygo Industrial Property - 12 Acres

      Spacious industrial building on 12+ acres. High potential for redevelopment.
      4055 Evergreen Dr, Newaygo, MI 49337
      View Details

    FAQs

    What type of property is this?
    Land - 3.03 acres of commercial land with high visibility.
    Where is this land located?
    The property is located at Mason Dr Newaygo, MI.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: - Prime commercial vacant land on the main highway.; - High visibility location minutes from Newaygo, Michigan.; - 3.03 acres suitable for various commercial endeavors.
    (231) 250-1161
    Request Owner's contact information
    Mason Dr Newaygo, MI 49337
    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.
    Mason Dr
    Newaygo, MI 49337
    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
    Mason Dr Newaygo, MI 49337
    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
    Lisa Lightfoot
    Lisa Lightfoot
    Real Estate License ID: 6506043508
    (231) 250-1161
    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.