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    Lakefront Acreage Near Howell Title is generated by Realmo AI

    Parcel 1 Edgemont Drive, Howell, MI 48855

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    Claim this Listing
    For Sale
    $390,000

    Lakefront acreage with lake views, utilities, and lake access.

    Type:Land
    Lot size:
    2.40 Acres
    Added:
    May 9, 2026
    Days on Market:
    24
    Last Refresh:
    May 9 at 1:27 am

    Property Features for Parcel 1 Edgemont Drive

    General Information

    Standard status
    Active
    Lot size
    2.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Daniel M Davenport
    Daniel M Davenport

    Listing agent Daniel M Davenport License #334161

    Listing office

    Listing date May 9, 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 Daniel M Davenport

    HighLights

    • Lakefront acreage with approximately 450‑465 feet of Southwest‑facing frontage on Lake Serene
    • Utilities available: Natural gas, sewer, and water at Edgemont Drive
    • High and dry building site with stunning views of the 33‑acre+ Lake Serene
    • Tranquil, no‑wake lake ideal for fishing, small boats, canoeing, sailing, and swimming
    • Conveniently located just a paved mile from town amenities and with easy I‑96 expressway access
    • Approximately 2.4 acres of land with big oak trees and no additional restrictions beyond township zoning and county building codes

    Overview

    This lakefront acreage parcel is located near Howell, offering natural gas, sewer, and water at Edgemont Drive. Water service is available at Edgemont Drive, or a private well can be installed. The parcel features approximately 450 to 465 feet of Southwest-facing lake frontage, with views overlooking the 33-acre Lake Serene. The property contains approximately 2.4 acres of land. Big oak trees enhance the natural beauty. There are no additional restrictions beyond Howell Township zoning and Livingston County building codes. The tranquil, no-wake lake is suitable for fishing, small boats, canoeing, sailing, and swimming, with pike, bass, perch, and bluegill. The property is situated just a paved mile from town and its amenities, with convenient I-96 expressway access and proximity to schools. Edgemont is a paved road ending at the property line. The Lake Serene Association dues are $350.00 per year, used primarily for weed control in the lake. The property is being split now.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    HVAC Service Electronics & Wireless Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.931422
    Latitude
    42.640444

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    FAQs

    What type of property is this?
    Waterfront Land - Lakefront acreage with lake views, utilities, and lake access.
    Where is this waterfront land located?
    The property is located at Parcel 1 Edgemont Drive Howell, MI.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: Lakefront acreage with approximately 450‑465 feet of Southwest‑facing frontage on Lake Serene; Utilities available: Natural gas, sewer, and water at Edgemont Drive; **High and dry building site with stunning views of the 33‑acre+ Lake Serene**
    (810) 599-2141
    We can help!
    Listing Contact
    Daniel M Davenport
    Daniel M Davenport
    Real Estate License ID: 334161
    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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