Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Empire, MI Vacant Land Title is generated by Realmo AI

    0 S Golden Valley Drive, Empire, MI 49630

    View on Map
    Claim this Listing
    For Sale
    $223,000

    Vacant Lot/Land - Empire, MI

    Lot size:
    8.56 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    52
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 0 S Golden Valley Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Metes and Bounds,Bldg & Use Restrictions
    Exterior features
    None, Countryside View
    Standard status
    Active
    Lot size
    8.56 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Dakoske

    Listing agent Matthew Dakoske

    Listing office REMAX Bayshore - Union St TC 500 S Union Street, Traverse City, MI

    Listing date Apr 1, 2026

    MLS# 1943368 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.

    Overview

    This 8.56-acre parcel features rolling hardwoods in Leelanau County, situated just outside the village of Empire. The wooded land includes both sloping and level terrain, offering a setting for a private retreat. Mature trees and seasonal color enhance the peaceful environment along a quiet road. The location provides both seclusion and convenience, with proximity to Lake Michigan beaches, the Sleeping Bear Dunes National Lakeshore, and the shops and dining options in Empire. The property is suitable for a year-round residence or a seasonal escape. HOA dues cover road maintenance and snow removal, with potential fluctuations based on winter conditions and snow removal needs. The zoning is Metes and Bounds with building and use restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Empire
    County
    Leelanau
    State
    Michigan
    Longitude
    -86.0178
    Latitude
    44.847

    Nearby Similar for Sale

    • $165,000

      Empire, MI Wooded Land Parcel

      5-acre wooded parcel near Empire, Glen Arbor, and Sleeping Bear Dunes.
      W TIMBER LANE, EMPIRE, MI 49630
      View Details
    • $165,000

      5-Acre Wooded Parcel in Leelanau

      Wooded 5-acre parcel in The Timbers, near Empire and Glen Arbor.
      W TIMBER LANE, KASSON TWP, MI 49630
      View Details
    • $79,900

      Wooded Parcel in Quiet Neighborhood

      Peaceful Northern Michigan setting near Sleeping Bear Dunes.
      57 S Hermies Pass, Empire, MI 49630
      View Details
    • $69,000

      Wooded Parcel in Timber View

      Wooded 1.12 acre parcel near Empire, Michigan.
      0015 S Mistys Trail, Empire, MI 49630
      View Details
    • $189,900

      Empire Vacant Land with Views

      Secluded lot with lake views in Timber View Ridge.
      0 W Timber Wolf Court, Empire, MI 49630
      View Details
    • $1,399,000

      125 Acres of Leelanau Forest

      125-acre wooded property with creek near Sleeping Bear Dunes.
      00 W Beeman Road, Empire, MI 49630
      View Details
    • $174,900

      Leelanau County Wooded Parcel

      5-acre wooded parcel in Leelanau County, near Empire.
      3695 W Timber Lane, Empire, MI 49630
      View Details
    • $72,000

      Buildable Lot in Empire Village

      Half-acre buildable lot near Lake Michigan and local amenities.
      11789 S Roen Drive, Empire, MI 49630
      View Details
    • $105,000

      Empire Vacant Land Near Lake

      One-acre vacant lot near Lake Michigan and downtown Empire.
      00 W Sleepy Valley Drive, Empire, MI 49630
      View Details
    • $195,000

      Ready-to-Build Village Parcel

      Vacant lot near Lake Michigan beach and Empire downtown.
      0 S Salisbury Street, Empire, MI 49630
      View Details
    • $130,000
      1,600 SF

      Spacious Pole Barn Storage Space

      1600 sq ft pole barn near Glen Lake.
      3636 W Empire Hwy, KassonTownship_Leelanau, MI 49630
      View Details
    • $64,900

      Empire, MI Vacant Land Parcel

      Ideal Northern Michigan property near Lake Michigan and Sleeping Bear Dunes.
      11 W Timber View Trail, Empire, MI 49630
      View Details

    FAQs

    What type of property is this?
    Land - 8.56 acres of rolling hardwoods near Lake Michigan beaches.
    Where is this land located?
    The property is located at 0 S Golden Valley Drive Empire, MI.
    What is the asking price?
    The asking price for this property is $223,000.
    (231) 941-5600
    We can help!
    Listing Contact
    Matthew Dakoske
    Real Estate License ID: 148333
    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

    Thank You for Inquiry
    0 S Golden Valley Drive, Empire, MI 49630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!