Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Parcel in Kimball Business Title is generated by Realmo AI

    0 Lapeer Rd, Smiths Creek, MI 48074

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,975

    High visibility commercial/residential land parcel in Kimball Township.

    Type:Land
    Lot size:
    3.52 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    175
    Last Refresh:
    May 11 at 12:12 am

    Property Features for 0 Lapeer Rd

    General Information

    Standard status
    Active
    Lot size
    3.52 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joan Schinderle-King

    Listing agent Joan Schinderle-King License #6501292224

    Listing office Realty Executives Home Towne Chesterfield

    Listing date Nov 27, 2025

    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 Realty Executives Home Towne Chesterfield

    HighLights

    • High visibility corner parcel in Kimball's Business District.
    • Zoned Commercial/Residential.
    • Sewer & Natural Gas available.
    • Approximately 2 miles to I‑69 Wadhams Exit.
    • Located directly across from The Sawmill City Amusement Park.
    • Prospective Community Development partnership opportunities.

    Overview

    This high visibility corner parcel is located at the round-about in the middle of Kimball's Business District. The property is zoned commercial/residential, with sewer and natural gas available. It is located approximately 2 miles from I-69 Wadhams Exit. The parcel is located directly across from The Sawmill City Amusement Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Smiths Creek
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.504887
    Latitude
    42.98278

    Nearby Similar for Sale

    • $429,900

      Kimball Twp Vacant Land

      Approximately 39.72 acres of wooded land for sale.
      Ravenswood Road, Kimball Twp, MI 48074
      View Details
    • $49,900

      Land Parcel Near Expressway

      3.78 acre wooded lot with easy expressway access.
      0 Range VL, Smiths Creek, MI 48074
      View Details
    • $189,900

      Smiths Creek Vacant Land Parcel

      Vacant land with frontage on two roads, utilities available.
      0 Wadhams, Smiths Creek, MI 48074
      View Details
    • $299,900

      33 Acres of Wooded Land

      Scenic 33-acre wooded land, ideal for recreation or building.
      00 Smiths Creek Rd Smiths Creek Road, Kimball Twp, MI 48074
      View Details
    • $50,000

      Residential Land Near Sutherland Park

      4.33-acre wooded lot near Sutherland Park in Smiths Creek, MI.
      00 Howard, Smiths Creek, MI 48074
      View Details
    • $34,900

      Residential Land in Kimball Twp

      1.07 acre residential lot with utilities available.
      V/L Allen Rd., Kimball Twp, MI 48074
      View Details
    • $110,000

      Kimball Twp Land Opportunity

      Heavily wooded 11.66-acre lot for recreation or building.
      Allen Road, Kimball Twp, MI 48074
      View Details
    • $289,974

      High Visibility Corner Parcel

      Corner parcel in Kimball's Business District, zoned commercial/residential.
      0 Lapeer, Smiths Creek, MI 48074
      View Details
    • $159,900

      20 Acres in Kimball Twp

      20 acres suitable for building, recreation, or hunting.
      Griswold, Kimball Twp, MI 48074
      View Details
    • $24,000

      Commercial Land in Kimball Twp

      Double lot with utilities, commercially zoned, near expressway and shopping.
      Range, Kimball Twp, MI 48074
      View Details
    • $299,000

      Commercial Land Kimball Twp

      Prime commercial land near expressway, ideal for store or restaurant.
      4601 GRATIOT Road, Kimball Twp, MI 48074
      View Details
    • $32,900

      Buildable Land in Kimball Township

      One-acre residential land suitable for building a new home.
      SPARLING Road, Kimball Twp, MI 48074
      View Details

    FAQs

    What type of property is this?
    Land - High visibility commercial/residential land parcel in Kimball Township.
    Where is this land located?
    The property is located at 0 Lapeer Rd Smiths Creek, MI.
    What is the asking price?
    The asking price for this property is $289,975.
    What are key features of this property?
    This property features: High visibility corner parcel in Kimball's Business District.; Zoned Commercial/Residential.; Sewer & Natural Gas available.
    (586) 383-9975
    We can help!
    Listing Contact
    Joan Schinderle-King
    Real Estate License ID: 6501292224
    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
    0 Lapeer Rd, KimballTownship_StClair, MI 48074
    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!