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

    39A N Pingree Rd Alma, MI 48801

    Sponsored
    For Sale
    $255,000

    LAND - Alma, MI

    Lot size:
    39.00 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 39A N Pingree Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14-024-008-21
    Lot size
    39.00 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Blake Kenneth VerWoert

    Wildlife Realty (231) 652-7000

    Listing agent Blake Kenneth VerWoert (231) 652-7000

    Listing date Jan 12, 2026

    MLS# 25040814 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. 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

    39 Acres of Hunting Land

    This 39-acre property, located in Sumner Township within the Alma School District, features high and dry land with a mix of mature hardwoods and thousands of planted evergreens. The land has been meticulously maintained and manicured. An open area provides a suitable location for building a home, cabin, or hunting camp. The property is known for deer hunting and includes an existing blind. Power is available at the road. The property offers proximity to town while maintaining a private setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.74631
    Latitude
    43.328768

    Nearby Similar for Sale

    • $3,300,000
      14,820 SF

      Versatile Retail Space in Alma

      Adaptable commercial property with drive-through, ideal for various businesses.
      1420 Wright Ave, Alma, MI 48801
      View Details
    • $140,000
      Pending

      Commercial Building with Apartments

      Commercial building with retail and two apartments in Alma, MI.
      125 E Superior St, Alma, MI 48801
      View Details
    • $159,000
      2,800 SF

      Multi-Family Property Near Downtown Alma

      Fully rented 5-unit property in the heart of Alma.
      426 N State St, Alma, MI 48801
      View Details
    • $475,000
      8,665 SF

      Prime Retail Space on M-46

      Expansive retail property on M-46 with high visibility.
      2324 W Monroe Rd, Alma, MI 48801
      View Details
    • New
      $179,900
      Pending

      Three-Unit Multifamily Property Near College

      Three-unit property near Alma College generating approximately $3,000 monthly.
      421 Prospect Ave, Alma, MI 48801
      View Details
    • $499,000
      23,443 SF

      Mixed-Use Property with Income Potential

      3.45-acre mixed-use property with residential and commercial income.
      5705 N State Rd, Alma, MI 48801
      View Details
    • $499,000
      2,579 SF

      Mixed-Use Property with Income Potential

      3.45-acre mixed-use property with residential and commercial income.
      5705 N State Rd, Alma, MI 48801
      View Details
    • $100,000
      3,800 SF

      Commercial Building with Two Apartments

      Versatile commercial space with residential income potential in Alma, MI.
      1242 E Superior St, Alma, MI 48801
      View Details
    • $750,000
      7,841 SF

      Restaurant and Bar Opportunity

      Restaurant and bar with real estate and business for sale.
      205/207 E Superior St, Alma, MI 48801
      View Details
    • $99,900
      3,458 SF

      Downtown Alma Commercial Building

      Commercial building in downtown Alma with multiple potential uses.
      414 N State St, Alma, MI 48801
      View Details
    • $250,000
      6,738 SF

      Commercial Building in Alma, Michigan

      Well-maintained commercial building with paved parking and ramp access.
      504 Pine Ave, Alma, MI 48801
      View Details
    • $2,100,000
      15,480 SF

      Retail Plaza Near Major Retailer

      Prime retail plaza with high visibility and traffic.
      7342 N Alger Rd, Alma, MI 48801
      View Details

    FAQs

    What type of property is this?
    Hunting land - High and dry 39-acre property perfect for hunting or building.
    Where is this hunting land located?
    The property is located at 39A N Pingree Rd Alma, MI.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - 39 acres of high and dry land in Alma School District.; - Mix of mature hardwoods and planted evergreens for privacy and natural beauty.; - Ideal for building a home, cabin, or hunting camp.
    (616) 308-3122
    Request Owner's contact information
    39A N Pingree Rd Alma, MI 48801
    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.
    39A N Pingree Rd
    Alma, MI 48801
    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
    39A N Pingree Rd Alma, MI 48801
    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
    Blake Kenneth VerWoert
    Real Estate License ID: 6502424945
    (616) 308-3122
    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.