Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Richfield Road Title is generated by Realmo AI

    9805 E Richfield Rd, Davison, MI 48423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    2.85 acre commercial land parcel with development potential.

    Type:Land
    Lot size:
    2.85 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    176
    Last Refresh:
    May 10 at 11:48 pm

    Property Features for 9805 E Richfield Rd

    General Information

    Standard status
    Active
    Lot size
    2.85 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Bethany A Brokaw
    Bethany A Brokaw

    Listing agent Bethany A Brokaw

    Listing office The Brokaw Group

    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 The Brokaw Group

    HighLights

    • Prime commercial location next to Speedway and adjacent to the corner of State Rd (M‑15).
    • 350+ feet of frontage on paved Richfield Rd.
    • 2.85 acre parcel of vacant land ready for commercial development.
    • Zoned CB (commercial business district) allowing for a wide range of commercial interests.
    • Ideal for future development.
    • Future commercial growth area.

    Overview

    This 2.85-acre parcel of vacant land features over 350 feet of frontage on paved Richfield Road, presenting a commercial development opportunity. Zoned CB (commercial business district), the property accommodates a wide range of commercial interests. The location is next to Speedway and adjacent to the corner of State Road (M-15), situated in a future commercial growth area. The property is suitable for business and future development. The address provided is for mapping purposes only; the full legal address will be assigned by local and county municipalities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Davison
    County
    Genesee
    State
    Michigan
    Longitude
    -83.515
    Latitude
    43.0624

    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 Road, Davison, MI 48423
      View Details
    • $449,000

      Commercial Land in Davison, MI

      4.89-acre commercial land with high traffic and accessible utilities.
      4091 N State, 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 Road, Davison, MI 48423
      View Details
    • $449,000

      Commercial Acreage on State Road

      4.89-acre commercial land with frontage on State Rd.
      4091 N State Rd, RichfieldTownship_Genesee, MI 48423
      View Details
    • $124,900

      Prime Commercial Land Parcel

      5 acre commercial parcel with high visibility and versatile zoning.
      N State Road, Richfield Twp, MI 48423
      View Details
    • $49,900

      Residential Land in Davison, Michigan

      2.11-acre lot in Richfield Township, Davison school district.
      5189 N Irish, Davison, MI 48423
      View Details
    • $2,700,000
      60,000 SF

      Established Athletic Club with Fitness Center

      60,000 SF athletic club with diverse fitness and sports facilities.
      2140 Fairway Dr, DavisonTownship_Genesee, MI 48423
      View Details
    • $195,000

      Commercial Parcel Near Medical Complex

      2.7 acre commercial parcel near McLaren Medical Complex.
      000 Lippincott Blvd, DavisonCity_Genesee, MI 48423
      View Details
    • $99,900

      Commercial Land Near Downtown Davison

      2.27 acre commercial land parcel for sale.
      5086 N State Road, Richfield Township, MI 48423
      View Details
    • $68,000

      Residential Land in Davison Township

      Land for sale in a new Davison development.
      7159 Donegal, Davison Twp, MI 48423
      View Details
    • $104,900

      Residential Land in Elba Twp

      9+ acre residential land parcel ready for your dream home.
      Golf Road (Parcel G), Elba Twp, MI 48423
      View Details
    • $399,000

      Davison Vacant Land Development Opportunity

      Approximately 75 acres of vacant land, ideal for development.
      N Irish, Davison, MI 48423
      View Details

    FAQs

    What type of property is this?
    Land - 2.85 acre commercial land parcel with development potential.
    Where is this land located?
    The property is located at 9805 E Richfield Rd Davison, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime commercial location next to Speedway and adjacent to the corner of State Rd (M‑15).; **350+ feet of frontage on paved Richfield Rd.**; **2.85 acre parcel of vacant land ready for commercial development.**
    (810) 600-2060
    We can help!
    Listing Contact
    Bethany A Brokaw
    Bethany A Brokaw
    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
    9805 E Richfield Rd, RichfieldTownship_Genesee, MI 48423
    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!