Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1601 N Burkhart Road Howell, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.61 acre commercial land parcel near I-96.

    Type:LAND
    Lot size:
    1.57 Acres
    Added:
    Apr 10, 2024
    Days on Market:
    747
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 1601 N Burkhart Road

    General Information

    Standard status
    Active
    Lot size
    1.57 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Darryl Goodwin
    Darryl Goodwin

    Listing agent Darryl Goodwin License #6502431372

    Listing office Goodwin REA

    Listing date Apr 10, 2024

    Source Moodyscre

    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 Goodwin REA

    Overview

    Vacant Land Near Tanger Outlet

    This vacant land parcel consists of 1.61 acres, with dimensions of 255 feet by 275 feet. It is zoned RSC (Regional Service Commercial District) and is suitable for retail, office, hospitality, or industrial use. The property is located on N. Burkhart Road, across from the Tanger Outlet Mall and situated right off of the I-96 / M-59 (Highland Road) interchange.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.9929
    Latitude
    42.6252

    Nearby Similar for Sale

    • $600,000
      2,272 SF

      Established Childcare Facility in Howell

      Turnkey childcare facility for sale in Howell, Michigan.
      1025 Yorkshire Drive, Howell, MI 48843
      View Details
    • $640,000
      3,744 SF

      Commercial Opportunity on High-Traffic Corner

      Commercial building with warehouse space and tenant-occupied front unit.
      51 Chilson Road, Howell, MI 48843
      View Details
    • $589,000
      3,658 SF

      Howell Professional Office with Residence

      Professional office suite with a 4-bedroom residence.
      721 S Michigan, Howell, MI 48843
      View Details
    • $225,000
      1,800 SF

      Two-Story Commercial Property Near Downtown

      Charming, functional two-story commercial property near downtown HowellCity_Livingston.
      515 East Grand River Avenue, HowellCity_Livingston, MI 48843
      View Details
    • $295,000
      1,692 SF

      High-Traffic Corner Commercial Opportunity

      Commercial building on a high-traffic corner with excellent visibility.
      2426 E Grand River Avenue, Genoa, MI 48843
      View Details
    • $225,000
      1,800 SF

      Howell Office Building For Sale

      Two-story office building near downtown Howell with parking.
      515 E GRAND RIVER Avenue, Howell, MI 48843
      View Details
    • $75,000

      Residential Land in Howell, MI

      Three-acre wooded lot in a quiet Howell cul-de-sac.
      0 Marwood, Howell, MI 48855
      View Details
    • $34,999

      Lakefront Land in Howell, MI

      0.6 acres of wooded land with frontage on Lake Cohoctah.
      6400 Crandall Road, Howell, MI 48855
      View Details
    • $310,000
      2,024 SF

      Howell Multi-Family Investment Opportunity

      Reduced price! Multi-family property near schools, shopping, and Thompson Lake.
      823 Alger Street, Howell, MI 48843
      View Details
    • $3,750,000

      Michigan Avenue Commercial Property For Sale

      Single-story commercial property on Michigan Avenue near I-96 interchange.
      1285 S MICHIGAN Ave, Howell, MI 48843
      View Details
    • $209,999

      Residential Land in Howell, MI

      11.49 acre vacant lot in a desirable Howell neighborhood.
      2300 Musson Road, Howell, MI 48855
      View Details
    • $98,000

      Oceola Twp Residential Land Parcel

      3.28-acre residential land parcel in Oceola Twp, Michigan.
      5550 Fisher Road, Oceola Twp, MI 48855
      View Details

    FAQs

    What type of property is this?
    Land - 1.61 acre commercial land parcel near I-96.
    Where is this land located?
    The property is located at 1601 N Burkhart Road Howell, MI.
    What are key features of this property?
    This property features: Located right off the I‑96 / M‑59 (Highland Road) Interchange, providing **excellent accessibility**.; Zoned RSC (Regional Service Commercial District), allowing for Retail, Office, Hospitality, or Industrial Use.; Situated across from Tanger Outlet Mall, offering **high visibility and potential customer traffic**.
    (248) 855-1221 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Darryl Goodwin
    Darryl Goodwin
    Real Estate License ID: 6502431372
    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!