Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lexington Acreage with Buildable Potential Title is generated by Realmo AI

    01 Babcock Rd, Lexington, MI 48450

    View on Map
    Claim this Listing
    For Sale
    $99,999

    10.24-acre parcel in Lexington, MI, with agricultural and residential potential.

    Type:Land
    Lot size:
    10.24 Acres
    Added:
    Apr 26, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 26 at 1:45 pm

    Property Features for 01 Babcock Rd

    General Information

    Standard status
    Active
    Lot size
    10.24 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Anthony Agazzi

    Listing agent Anthony Agazzi License #6501467192

    Listing office Keller Williams Realty - Lakeside Market Center

    Listing date Apr 26, 2026

    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 Keller Williams Realty - Lakeside Market Center

    HighLights

    • 10.24‑acre parcel in desirable Lexington area.
    • Buildable potential for custom home, barndominium, or private estate.
    • Immediate agricultural use with tillable acreage for farming or leasing.
    • Peaceful, scenic location offering privacy and convenience.
    • Ample road frontage.
    • Close proximity to Lake Huron, shopping, and dining.

    Overview

    This 10.24-acre parcel in Lexington offers immediate agricultural use and the potential to build a custom home, barndominium, or private estate. The property provides the privacy of rural living while remaining convenient to town amenities, Lake Huron, shopping, and dining. With ample road frontage and buildable potential, the tillable acreage can be farmed or leased for additional income. This versatile property delivers space, flexibility, and long-term value in a waterfront community. The location has a walk score of 58, indicating it is somewhat walkable, and a bike score of 48, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Sanilac
    State
    Michigan
    Longitude
    -82.555789
    Latitude
    43.342468

    Nearby Similar for Sale

    • $455,000
      2,145 SF

      Turn-Key Commercial Property in Lexington

      Charming commercial property with inventory included in downtown Lexington.
      5454 Main, Lexington, MI 48450
      View Details
    • $175,000
      360 SF

      Unique Commercial Space in Lexington

      Distinctive commercial building in the heart of Lexington, Michigan.
      5481 Main, Lexington, MI 48450
      View Details
    • $700,000
      2,350 SF

      74.89 Acre Agricultural Land Parcel

      74.89 acres of tillable farmland with woods and pond.
      6471 Burns Line, Lexington, MI 48450
      View Details
    • $349,900
      1,600 SF

      Main Street Commercial Building, Lexington

      Commercial building with private parking and residential income potential.
      5520 Main, Lexington, MI 48450
      View Details
    • $79,000

      Triple-Road-Frontage Vacant Land Parcel

      Versatile property with exceptional access, visibility, and potential.
      0000 Lakeshore, Lexington, MI 48450
      View Details
    • $99,900

      Prime Lexington Acreage for Sale

      10.24 acres in Lexington, MI, ideal for farming/building.
      0 Babcock, Lexington, MI 48450
      View Details
    • $49,900

      Turnkey RV Getaway in Lexington

      Move-in ready RV in Lexington RV Resort near amenities.
      5236 Fredicksburg Ln, Lexington Vlg, MI 48450
      View Details
    • $99,999

      Lexington Vacant Land Opportunity

      10.24 acre parcel in Lexington, MI for sale.
      01 Babcock, Lexington, MI 48450
      View Details
    • $175,000

      Unique Commercial Space in Lexington

      Distinctive octagon-shaped building in downtown Lexington, near Lake Huron.
      5481 Main St, Lexington, MI 48450
      View Details
    • $80,000

      Double Lot Near Lake Huron

      Expansive lot near Lake Huron and Lexington's amenities.
      Chippewa Trail lot: 14 & 15, Lexington Twp, MI 48450
      View Details
    • $295,000

      Rare Vacant Land Parcel

      Large vacant land parcel in Lexington, high-traffic location.
      5760 Main St, Lexington, MI 48450
      View Details
    • $225,000
      400 SF

      Versatile Fenced Land Near Lake

      7.84-acre property near Lake Huron with barn and hunting cabin.
      000 Baker Road, WorthTownship_Sanilac, MI 48450
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 10.24-acre parcel in Lexington, MI, with agricultural and residential potential.
    Where is this agricultural land / farmland located?
    The property is located at 01 Babcock Rd Lexington, MI.
    What is the asking price?
    The asking price for this property is $99,999.
    What are key features of this property?
    This property features: 10.24‑acre parcel in desirable Lexington area.; Buildable potential for custom home, barndominium, or private estate.; Immediate agricultural use with tillable acreage for farming or leasing.
    (586) 256-0082
    We can help!
    Listing Contact
    Anthony Agazzi
    Real Estate License ID: 6501467192
    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
    01 Babcock Rd, Lexington, MI 48450
    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!