Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Land with Lake Views Title is generated by Realmo AI

    1035 E Walled Lake Drive, Walled Lake, MI 48390

    View on Map
    Claim this Listing
    Pending
    $224,900

    LAND - Walled Lake, MI

    Lot size:
    0.72 Acres
    Added:
    Oct 20, 2025
    Days on Market:
    214
    Last Refresh:
    May 21 at 2:06 am

    Property Features for 1035 E Walled Lake Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Pending
    APN
    1735354013
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Description
    T2N, R8E, SEC 34 & 35 WELFARE LAKE VIEW LOTS 31 & 32 2-28-85 FROM 001 & 002
    Tax Annual Amount
    4629

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Jeff Glover

    Listing agent Jeff Glover License #6501317808

    Listing office KW Professionals 789 W Ann Arbor Trail, Plymouth, MI

    Listing date Oct 20, 2025

    MLS# 20251047107 Listing URL

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

    HighLights

    • Walled Lake views
    • 0.72 acres of cleared vacant land
    • Zoned C1 - Neighborhood Commercial District
    • 3 total parcels included in the sale
    • Well water source
    • Vacant land ready for development

    Overview

    This property features 0.72 acres of cleared vacant land with views of Walled Lake, situated directly across the street. It is zoned C1 - Neighborhood Commercial District. The sale includes three parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.493797
    Latitude
    42.526894

    Nearby Similar for Sale

    • $275,000
      1,132 SF

      Walled Lake Commercial Opportunity

      Commercial building and established business for sale in Walled Lake.
      121 E WALLED LAKE Drive, Walled Lake, MI 48390
      View Details
    • $399,000
      1,161 SF

      Commercial Land Redevelopment Opportunity

      Commercial land for redevelopment, walking distance to Wolverine Lake.
      2355 S COMMERCE Road 180-20, Wolverine Lake Village, MI 48390
      View Details
    • $109,500

      Residential Land in Walled Lake

      Land for building a dream house near schools and parks.
      1687 Bolton Street, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      2,633 SF

      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
      976 N Pontiac Trl, Walled Lake, MI
      View Details
    • Contact for pricing
      1 SF

      Haggerty Road Commercial Land Opportunity

      Commercial land for sale on Haggerty Road with frontage.
      2755 Haggerty Road, Commerce Charter Township, MI, 48390
      View Details
    • $175,000

      Wooded Lot in Shores Glenwood

      Wooded lot in a great location within Shores of Glenwood.
      3291 Timberlake Dr, CommerceCharterTownship_Oakland, MI 48390
      View Details
    • $1,450,000
      3,039 SF

      Existing Burger King Restaurant For Sale

      Operating Burger King restaurant available for purchase.
      1113 E West Maple Rd, Walled Lake, MI 48390
      View Details
    • $399,000
      2,464 SF

      Freestanding Retail Building on 0.88 Acres

      Freestanding retail building suitable for multiple uses.
      1655 Glengary Rd, Commerce Charter Township, MI 48390
      View Details
    • $1,599,999
      9,600 SF

      Pinewood Industrial Park Warehouse

      Warehouse with air conditioning and corporate office in Pinewood.
      3155 Dallavo Ct, Commerce Charter Township, MI 48390
      View Details
    • $305,900

      Land For Sale

      Land available for sale.
      Traditional Dr, Commerce Charter Township, MI 48390
      View Details
    • $560,000
      4,200 SF

      Medical Building with Dental Suites

      4,200 SF medical building with dental and chiropractic suites.
      1881 N Pontiac Trail, Walled Lake, MI 48390
      View Details
    • Contact for pricing

      Outlot Opportunity in Commerce Township

      Rare outlot opportunity in a lifestyle development.
      N Pontiac Trail, E. of M-5, Commerce Charter Township, MI 48390
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.72 acres of commercial land with lake views.
    Where is this commercial land located?
    The property is located at 1035 E Walled Lake Drive Walled Lake, MI.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: Walled Lake views; 0.72 acres of cleared vacant land; Zoned C1 - Neighborhood Commercial District
    (734) 740-8404
    We can help!
    Listing Contact
    Jeff Glover
    Real Estate License ID: 6501317808
    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
    1035 E Walled Lake Drive, Walled Lake, MI 48390
    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!