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    Versatile Fenced Land Near Lake Title is generated by Realmo AI

    000 Baker Road, Lexington, MI 48450

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    Claim this Listing
    For Sale
    $225,000

    7.84-acre property near Lake Huron with barn and hunting cabin.

    Type:Land
    Property size:
    400 SF
    Lot size:
    7.84 Acres
    Price / SF:
    $562/SF
    Added:
    Apr 21, 2026
    Days on Market:
    41
    Last Refresh:
    Apr 21 at 1:00 am

    Property Features for 000 Baker Road

    General Information

    Standard status
    Active
    Size
    400 SF
    Lot size
    7.84 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Grant Dunn

    Listing agent Grant Dunn

    Listing office

    Listing date Apr 21, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Grant Dunn

    HighLights

    • 7.84 +/- acre property, just 2 minutes from Lake Huron, perfect for country living and lakeside fun.
    • Versatile 40x44 insulated barn with electric, approximately 400 +/- square feet of living space, horse stalls, and storage.
    • Located in the desirable Croswell‑Lexington School District.
    • Excellent hunting opportunity with a rustic hunter’s cabin featuring a wood stove and shooting windows.
    • Fully fenced land suitable for cattle or horses.
    • Close proximity to the Village of Lexington's restaurants, shops, and amenities.

    Overview

    This 7.84 +/- acre property in Lexington, Michigan, offers a blend of country living and lakeside convenience within the Croswell-Lexington School District. Located just 2 minutes from Lake Huron and within 10 minutes of Jeddo Road Beach and Tierney Park, the property provides access to boating, swimming, and lakeside relaxation. The Village of Lexington, with restaurants, shops, and local amenities, is also nearby. The land is fully fenced and suited for cattle or horses. A 40x44 insulated barn with electric sits at the center of the property, featuring approximately 400 +/- square feet of living space with a wood stove and plumbing for a future bathroom. The rear portion includes two horse stalls and a run-in area with fenced pastures. The center section provides space for equipment, ATVs, or boats, while the attic offers additional storage. A rustic hunter’s cabin at the rear of the property features a wood stove and two shooting windows. The property offers deer activity, providing hunting opportunities. This property is suitable for building a dream home, starting a hobby farm, or creating a hunting retreat.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Storage Facility HVAC Service Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.545764
    Latitude
    43.218318

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 7.84-acre property near Lake Huron with barn and hunting cabin.
    Where is this agricultural land / farmland located?
    The property is located at 000 Baker Road Lexington, MI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 7.84 +/- acre property, just 2 minutes from Lake Huron, perfect for country living and lakeside fun.; Versatile 40x44 insulated barn with electric, approximately 400 +/- square feet of living space, horse stalls, and storage.; Located in the desirable Croswell‑Lexington School District.
    (810) 434-2540
    We can help!
    Listing Contact
    Grant Dunn
    Learn More
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    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.

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