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

    South Lyon, MI 48178

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Boat slip for sale in Hidden Lake community marina.

    We can help!

    Listing Contact
    Terri Fenelon
    Terri Fenelon
    Source: Elliman

    Listing Agent: Terri Fenelon

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

    Learn more

    Overview

    Hidden Lake Marina Boat Slip

    A boat slip is available for purchase at the marina in the Hidden Lake community. This is slip number 14.
    Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    South Lyon
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6594
    Latitude
    42.4435

    Nearby Similar for Sale

    • $1,300,000
      4,906 SF

      Remodeled Church on 2.6 Acres

      Remodeled church on 2.6 acres with prime visibility.
      52909 10 Mile Rd, South Lyon, MI 48178
      View Details
    • New
      $450,000
      1,559 SF

      South Lyon Live/Work Opportunity

      Commercial building and a home on 1.16 acres in South Lyon.
      7300 Pontiac Trail Rd, South Lyon, MI 48178
      View Details
    • Contact for pricing

      Marina Boat Slip For Sale

      Boat slip available for purchase in Hidden Lake community.
      South Lyon, MI 48178
      View Details
    • $1,150,000
      2,700 SF

      New Construction Farmhouse in South Lyon

      To be built farmhouse with customizable options in Salem Township.
      8858 Pleasantview, South Lyon, MI 48178
      View Details
    • $135,000

      Updated Ranch Co-Op for Seniors

      Updated two-bedroom ranch co-op for 55+ seniors.
      25323 Potomac Dr, South Lyon, MI 48178
      View Details
    • $90,000

      Move-In Ready South Lyon Condo

      Two-bedroom, two-and-a-half-bathroom co-op condo in South Lyon.
      61021 N Heritage Blvd, South Lyon, MI 48178
      View Details
    • $188,000
      1,085 SF

      South Lyon Condo Near Downtown

      Charming 2-bedroom condo near downtown South Lyon.
      61264 Greenwood Dr, South Lyon, MI 48178
      View Details
    • $895,000
      2,062 SF

      Freestanding Building with Drive-Thru

      2,062 SF renovated building with drive-thru in South Lyon.
      22990 Pontiac Trl, South Lyon, MI 48178
      View Details
    • $115,900
      1,470 SF

      Colonial Acres Co-op End Unit

      55+ community, 2 bed, 2 bath condo with finished basement.
      25321 Potomac Dr, South Lyon, MI 48178
      View Details
    • $350,000
      2,086 SF

      Updated Condo with Pond View

      Updated condo featuring a finished basement and pond views.
      865 Challenging Trl, South Lyon, MI 48178
      View Details
    • $1,500,000
      18,000 SF

      Free Standing Industrial Warehouse

      Industrial warehouse building in close proximity to downtown South Lyon.
      385 N Mill St, South Lyon, MI 48178
      View Details
    • $374,900

      Historic Building in Downtown

      Historic South Lyon building with retail and renovation potential.
      116 E Lake St, South Lyon, MI 48178
      View Details

    FAQs

    What type of property is this?
    Marina - Boat slip for sale in Hidden Lake community marina.
    Where is this marina located?
    The property is located at South Lyon, MI.
    What is the asking price?
    The asking price for this property is $15,000.
    What are key features of this property?
    This property features: - Boat slip included - enjoy waterfront living!; - Located in the beautiful Hidden Lake community; - Marina access for all your boating needs
    (734) 459-4700
    Request Owner's contact information
    South Lyon, MI 48178
    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.
    South Lyon, MI 48178
    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
    South Lyon, MI 48178
    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
    Terri Fenelon
    Terri Fenelon
    Real Estate License ID: 6501384807
    (734) 459-4700
    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.