Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Land in Mt Morris Title is generated by Realmo AI

    V/L Washington Avenue, Mount Morris, MI 48458

    View on Map
    Claim this Listing
    Picture of Land at V/L Washington Avenue, Mount Morris, MI
    For Sale
    Contact for pricing

    Land, Other - MtMorrisTownship_Genesee, MI

    Lot size:
    0.63 Acres
    Added:
    Oct 10, 2024
    Days on Market:
    590
    Last Refresh:
    May 22 at 10:06 am

    Property Features for V/L Washington Avenue

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Hailey Kuchar

    Listing agent Hailey Kuchar License #6501443220,PersonLicenseNumber

    Listing office NextHome Inspire 6004 Torrey Rd, Suite F, MI

    Listing date Oct 10, 2024

    MLS# 5050158017 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large .63 acre vacant land parcel ready for immediate development.
    • Sewer available on the property.
    • Located in Mount Morris Township.
    • Opportunity to purchase additional surrounding lots.
    • Multiple purchase options (separate or together).
    • Ready for immediate development.

    Overview

    This property features 0.63 acres of vacant land located in Mount Morris Township. Sewer services are available. There are two additional surrounding lots available for sale, either together or separately. Reference MLS numbers 50158015 and 50158020, and MLS number 50158022 for all lots together.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mount Morris
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6971817
    Latitude
    43.1296234

    Nearby Similar for Sale

    • $350,000
      1,700 SF

      Turn-Key Florist Shop Opportunity

      Established florist shop with real estate, equipment, and inventory.
      755 E Mount Morris Street, Mt. Morris, MI 48458
      View Details
    • $350,000
      1,700 SF

      Established Florist Shop with Real Estate

      Turn-key florist shop with real estate, equipment, and inventory.
      755 E Mount Morris Street, Mt. Morris, MI 48458
      View Details
    • $99,900
      7,314 SF

      Downtown Mount Morris Commercial Property

      Commercial/Industrial property in downtown Mount Morris, being sold as-is.
      700 E Mount Morris, Mount Morris, MI 48458
      View Details
    • $525,000

      Mount Morris Multifamily Investment

      Multifamily investment opportunity in Mount Morris, Michigan.
      7191 N Dort Highway, Mount Morris, MI 48458
      View Details
    • $425,000

      Versatile Land with Leased Buildings

      45+/- acre property with tillable ground and leased buildings.
      4181 E Mount Morris Road, Mount Morris, MI 48458
      View Details
    • $199,900
      2,180 SF

      Remodeled Medical Office in Mt. Morris

      Remodeled 2,180 SF medical office space for sale.
      8434 N SAGINAW Road, Mt Morris City, MI 48458
      View Details
    • $300,000

      50 Acre Private Paradise

      50 acres with off-grid cabin, hay fields, and wooded seclusion.
      4251 E Frances Road, Thetford Twp, MI 48458
      View Details
    • $19,900

      Commercial Land in Mt. Morris

      Two parcels totaling 3 acres in Mt. Morris, Michigan.
      Clio Rd., Mt. Morris, MI 48458
      View Details
    • $260,000

      Open Space on Dort Highway

      Large open space with potential for growth and outdoor storage.
      7435 N Dort Hwy, GeneseeCharterTownship_Genesee, MI 48458
      View Details
    • $22,900

      Residential Land in Mount Morris

      3.75 acres of vacant land ready for development.
      5031 Clio, Mount Morris, MI 48504
      View Details
    • $125,000
      100 SF

      Commercial Land on Saginaw Road

      Corner lot with high traffic, ideal for retail.
      7011 N Saginaw Road, MtMorrisTownship_Genesee, MI 48458
      View Details
    • $13,900

      Residential Vacant Land in Mount Morris

      Vacant residential land available in Mount Morris, Michigan.
      0 N Vassar, Mount Morris, MI 48458
      View Details

    FAQs

    What type of property is this?
    Land - 0.63 acre vacant land with sewer access in Mt. Morris.
    Where is this land located?
    The property is located at V/L Washington Avenue Mount Morris, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large .63 acre vacant land parcel ready for immediate development.; Sewer available on the property.; Located in Mount Morris Township.
    (810) 247-7716
    We can help!
    Listing Contact
    Hailey Kuchar
    Real Estate License ID: 6501443220,PersonLicenseNumber
    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
    V/L Washington Avenue, MtMorrisTownship_Genesee, MI 48458
    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!