Sign Up Successful!
You now have access to more from Realmo!
    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

    406 W Silver Lake Rd Fenton, MI 48430

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $724,900

    Mixed-use development opportunity near downtown Fenton restaurants.

    Lot size:
    0.76 Acres

    Property Features for 406 W Silver Lake Rd

    General Information

    Lot size
    0.76 Acres

    Building Details

    Year built
    1910

    We can help!

    Listing Contact
    Wilson Lahoud
    Source: Elliman

    Listing Agent: Wilson Lahoud

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

    Learn more

    Property Insight Report

    Overview

    Gateway to Downtown Fenton Land

    This property, located at the gateway to downtown Fenton, presents a development opportunity. The site consists of 0.76 acres on a hard corner and comprises three parcels. Plans propose a four-story mixed-use building with retail, office, and residential spaces. The location offers walking distance access to downtown Fenton and its restaurants. Additional addresses for the parcels are 300 N Adelaide and 306 N Adelaide.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7095316
    Latitude
    42.7986079

    Nearby Similar for Sale

    • $999,999
      4,335 SF

      Farmhouse with Established Daycare Center

      Spacious farmhouse on 4+ acres with established daycare center.
      7739 Clyde Rd, Fenton, MI 48430
      View Details
    • New
      $1,650,000
      5,184 SF

      Fenton Multifamily Investment Opportunity

      Stabilized 12-unit apartment community in Fenton, Michigan.
      13366 North Rd, Fenton, MI 48430
      View Details
    • $995,000
      1,734 SF

      Restored Fenton Commercial Building

      Renovated 1,734 SF commercial building in Fenton's business district.
      16237 Jennings Rd, Fenton, MI 48430
      View Details
    • $579,000

      Updated Liquor and Convenience Store

      Turnkey liquor and convenience store with warehouse space for sale.
      7150 Bennett Lake Rd, Fenton, MI 48430
      View Details
    • $1,100,000

      High-Traffic Corner Commercial Property

      Prime commercial property with high visibility and versatile usage options.
      11293 Torrey Rd Lk, Fenton, MI 48430
      View Details
    • $2,795,000
      28,750 SF

      Industrial Property with Expansion Potential

      Turn-key industrial facility with expansion potential, near I-75.
      12238 N Fenton Rd, Fenton, MI 48430
      View Details
    • $1,500,000

      Retail Center in Fenton Area

      19,000 SF retail center in a high-traffic area.
      1149 N Leroy St, Fenton, MI 48430
      View Details
    • $222,000

      Office Space For Sale

      Office property available for purchase in Fenton, Michigan.
      835 W Silver Lake Rd, Fenton, MI 48430
      View Details
    • $749,900
      1,376 SF

      Fenton Industrial Gateway Opportunity

      Prime Fenton location, mixed-use potential.
      406 Silver Lake Rd, Fenton, MI 48430
      View Details
    • $9,000,000
      103,896 SF

      Fenton, MI Industrial Distribution Center

      103,896 SF Warehouse, $9M NNN Lease
      220 Alloy Rd, Fenton, MI 48430
      View Details
    • $3,495,000
      30.00 Acres

      6317 Old Us 23, Fenton, MI 48430

      Industrial properties • 30.00 Acres
      6317 Old Us 23, Fenton, MI 48430
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use development opportunity near downtown Fenton restaurants.
    Where is this mixed-use property located?
    The property is located at 406 W Silver Lake Rd Fenton, MI.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: - Prime location: Gateway to Downtown Fenton.; - Shovel-ready: Proposed 4-story mixed-use building site.; - Sizeable land: 0.76 acres on a hard corner.
    (810) 244-6302
    Request Owner's contact information
    406 W Silver Lake Rd Fenton, MI 48430
    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.
    406 W Silver Lake Rd
    Fenton, MI 48430
    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
    406 W Silver Lake Rd Fenton, MI 48430
    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!
    Listing Contact
    Wilson Lahoud
    Real Estate License ID: 6501303462
    (810) 244-6302
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.