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

    TBD REYCRAFT Boyne City, MI 49712

    View on Map
    Claim this Listing
    New
    For Sale
    $169,900

    land - BOYNE CITY, MI

    Lot size:
    11.00 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 18 at 2:06 am

    Property Features for TBD REYCRAFT

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    11.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Ferguson
    Lisa Ferguson

    Listing agent Lisa Ferguson

    Listing office Boyne City 231 Water Street East, MI

    Listing date Apr 13, 2026

    MLS# 479031 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.

    Overview

    Land with Mature Sugar Maples

    Located along Reycraft Road, this 11-acre parcel features mature sugar maples, creating an open environment that changes with the seasons. The location provides access to Boyne City, Petoskey, and Charlevoix, as well as Walloon Lake. Underground utilities are available at the road. With a special use permit, there is the option to build a pole barn before a home, suitable for storage, a workshop, or a weekend basecamp. This property is located in Boyne City, Michigan.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Boyne City
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.0165
    Latitude
    45.1711

    Nearby Similar for Sale

    • $475,000
      2,128 SF

      Established Bicycle Shop in Boyne

      Turnkey bicycle shop business opportunity in downtown Boyne City.
      126 Water Street, Boyne City, MI 49712
      View Details
    • $695,000
      1,629 SF

      Turnkey Bakery Opportunity in Boyne

      Profitable bakery for sale in Northern Michigan's Boyne City.
      110 S Lake Street, Boyne City, MI 49712
      View Details
    • $199,900

      10 Acres in Golden Triangle

      Land parcel in desirable Northern Michigan location near Lake Charlevoix.
      4372 Camp Daggett Rd, Boyne City, MI 49712
      View Details
    • $399,900

      43.8 Acres with Deer Lake Shoreline

      43.8 acres with 377 feet of private Deer Lake shoreline.
      3511 Korthase, Boyne City, MI 49712
      View Details
    • $150,000

      Ten Acres Near Boyne City

      Ten-acre property with utilities, close to Boyne City.
      1325 Anderson Rd, Boyne City, MI 49712
      View Details
    • $1,500,000

      Boyne City Land with Development Potential

      115-acre property near Boyne City and Boyne Mountain.
      1465 Dam, Boyne City, MI 49712
      View Details
    • $45,000

      Boyne City Wooded Residential Lot

      Spacious 1.62-acre wooded lot in desirable Boyne City neighborhood.
      Lot 8 High Pines Trail, Boyne City, MI 49712
      View Details
    • $189,000

      Boyne City Land Opportunity

      Prime lot near downtown Boyne City, ideal for building.
      109 Morgan, Boyne City, MI 49712
      View Details
    • $1,499,000
      10,560 SF

      Downtown Boyne City Office/Retail

      11,000 sq ft office and retail space for sale.
      5 W Main, Boyne City, MI 49712
      View Details
    • $275,000

      Elevated Homesite Near Lake Charlevoix

      7.7-acre parcel with potential lake and countryside views.
      TBD Camp Daggett, Boyne City, MI 49712
      View Details
    • $189,000

      Boyne City Land Opportunity

      Prime lot near downtown Boyne City, ideal for new home.
      109 W Morgan Street, Boyne City, MI 49712
      View Details
    • $42,000

      Boyne City Wooded Residential Lot

      Rolling wooded lot with serene views and building possibilities.
      Lot 3 High Pines Trail, Boyne City, MI 49712
      View Details

    FAQs

    What type of property is this?
    Land - 11 acre parcel with mature trees near Boyne City.
    Where is this land located?
    The property is located at TBD REYCRAFT Boyne City, MI.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: 11‑acre parcel with mature sugar maples, offering seasonal beauty and a sense of privacy.; Convenient access to Boyne City, Petoskey, Charlevoix, and Walloon Lake.; Option to build a pole barn before a home with a special use permit.
    (231) 675-9149
    We can help!
    Listing Contact
    Lisa Ferguson
    Lisa Ferguson
    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!