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

    931 North State St Davison, MI

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.6 acres of commercial land, site plan approved for mini-storage.

    Lot size:
    2.60 Acres

    Property Features for 931 North State St

    General Information

    Lot size
    2.60 Acres

    We can help!

    Listing Contact
    Larry Schultz
    Larry Schultz
    Source: Moodyscre

    Listing Agency: Friedman Integrated Real Estate - Corporate Listing Agent: Larry Schultz

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

    Learn more

    Overview

    2.6 Acres General Commercial Land

    This 2.6-acre property is zoned for General Commercial use. A site plan has been approved for mini-storage. The location is less than one mile from I-69 and offers a great downtown location. Retail use is also possible. The asking price has been reduced from $350,000 to $275,000.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center 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
    Davison
    County
    Genesee
    State
    Michigan
    Longitude
    -83.5180063
    Latitude
    43.0347491

    Nearby Similar for Sale

    • $1,850,000
      12,000 SF

      Fully Leased Mixed-Use Commercial Building

      12,000 SF mixed-use building on 10+ acres in Davison, MI.
      3390 N State Rd, Davison, MI 48423
      View Details
    • $3,500,000
      34,000 SF

      Equestrian Facility on 30+ Acres

      Turn-key equestrian facility with living quarters on 30+ acres.
      9111 E Bristol Rd, Davison, MI 48423
      View Details
    • New
      $275,000
      1,568 SF

      Turnkey Airbnb Duplex in Davison

      Fully furnished duplex in Davison, MI, operating as a short-term rental.
      216 N Genesee St, Davison, MI 48423
      View Details
    • $2,700,000
      60,000 SF

      Established Athletic Club with Real Estate

      60,000 sq ft athletic club on 3.4 acres for sale.
      2140 Fairway Dr, Davison, MI 48423
      View Details
    • $1,600,000

      Versatile Commercial Property on 19.2 Acres

      6,875 sq ft building suitable for various uses.
      7256 E Court St, Davison, MI 48423
      View Details
    • $1,850,000

      Fully Leased Mixed-Use Building

      12,000 SF mixed-use building on 10 acres.
      3390 N State Rd, Davison, MI 48423
      View Details
    • $2,700,000

      Established Athletic Club with Fitness Center

      60,000 SF athletic club with diverse fitness and sports facilities.
      2140 Fairway Dr, Davison, MI 48423
      View Details
    • $750,000
      Pending

      Davison Commercial Property For Sale

      Over 3 acres in Davison with commercial storefronts and rentals.
      320 W Flint St, Davison, MI 48423
      View Details
    • $750,000
      Pending

      Davison Mixed-Use Commercial Property

      Over 3 acres with storefronts, residences, and rental opportunities.
      320 W Flint St, Davison, MI 48423
      View Details
    • $329,900
      4,000 SF

      Davison Industrial Property - 5 Acres

      Spacious industrial property, great business potential.
      State Rd, Davison, MI 48423
      View Details
    • $649,900
      1,248 SF

      Davison Business Opportunity: 10 Acres

      Prime Davison location, 10 acres, large outbuildings.
      3311 State Rd, Davison, MI 48423
      View Details
    • $1,100,000
      13,557 SF

      Davison Industrial Portfolio: High Potential

      Five buildings, farm, & rental income.
      1324 Irish Rd, Davison, MI 48423
      View Details

    FAQs

    What type of property is this?
    Land - 2.6 acres of commercial land, site plan approved for mini-storage.
    Where is this land located?
    The property is located at 931 North State St Davison, MI.
    What are key features of this property?
    This property features: - Asking price REDUCED to $275,000 from $350,000!; - 2.6 acres zoned General Commercial.; - Site plan approved for mini-storage.
    (248) 324-2000 Call to check price and availability
    Request Owner's contact information
    931 North State St Davison, MI
    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.
    931 North State St
    Davison, MI
    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
    931 North State St Davison, MI
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Larry Schultz
    Larry Schultz
    (248) 324-2000 (888) 848-1671
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!