Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2833 Saddlewood Road West Bloomfield, MI 48324

    View on Map
    Claim this Listing
    New
    For Sale
    $34,999

    LAND - West Bloomfield, MI

    Lot size:
    0.29 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    2
    Last Refresh:
    May 1 at 7:06 am

    Property Features for 2833 Saddlewood Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    18-09-151-016
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    T2N, R9E, SEC 9 DARB LAKE COLONY SUB NO 1 LOT 95
    Tax Annual Amount
    293

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Joel Hinckley

    Listing agent Joel Hinckley License #0727817

    Listing office PlatLabs, LLC 1760 Abby Road, LLC, East Lansing, MI

    Listing date Apr 30, 2026

    MLS# 26019055 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Bloomfield Wooded Lot

    This 0.28-acre wooded lot is located in West Bloomfield, Michigan. Situated on a paved road, the property has power and sewer available. It is located within the West Bloomfield School District, where all schools have been recognized as National Exemplary Schools. Marshbank Park is nearby, and Darb Lake, offering boating and fishing, is within walking distance. The location provides access to M5, I-96, I-696, and M-59 and is surrounded by the area's many lakes. The lot size is 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.398141
    Latitude
    42.595597

    Nearby Similar for Sale

    • $350,000
      1,120 SF

      West Bloomfield Barber Shop Building

      Standalone barber shop building with strong income potential in West Bloomfield.
      7045 Cooley Lake Road, West Bloomfield, MI 48324
      View Details
    • $1,999,000

      Prime Land in Orchard Lake

      Nearly 5 acres of wooded land in Orchard Lake Village.
      3655 Shady Beach Boulevard, Orchard Lake Village, MI 48324
      View Details
    • $199,000

      Prime Vacant Corner Lot

      1.45-acre vacant parcel in desirable location with high visibility.
      000 Cooley Lake, WestBloomfieldCharterTownship_Oakland, MI 48324
      View Details
    • $3,000,000

      2.59 Acre Lakefront Estate Site

      Premium lakefront property on Cass Lake, Orchard Lake Village.
      4796 DOW RIDGE Road, Orchard Lake Village, MI 48324
      View Details
    • $15
      18,412 SF

      West Bloomfield Office Park

      Two-building office park with convenient parking and main road signage.
      7011-7013 Orchard Lake Road, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      Premier Shopping Destination For Sale

      Premier shopping center with national retailers and restaurants.
      7300 Orchard Lake Road, West Bloomfield, MI 48322
      View Details
    • $109,900

      Cleared Lot in West Bloomfield

      Cleared lot ready for construction in West Bloomfield, Michigan.
      3965 Carrick Avenue, West Bloomfield, MI 48324
      View Details
    • $325,000

      Lakes Area Commercial Land Parcel

      0.64 acre parcel in the heart of the lakes area.
      NE Corner of Green Lake Road & Pontiac Trail , West Bloomfield, MI
      View Details
    • $36,999

      Vacant Land on Hiller Road

      Vacant land available on Hiller Road in West Bloomfield.
      2833 Hiller Road, West Bloomfield, MI 48324
      View Details
    • Contact for pricing
      143,776 SF

      Established Retail Asset in West Bloomfield

      143,776 SF retail center in affluent West Bloomfield trade area.
      6303 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • $149,000

      West Bloomfield Lakefront Land Parcel

      Lakefront land in West Bloomfield, perfect for building a dream home.
      VL Leytonstone Boulevard, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      32,000 SF

      West Bloomfield Office Building

      32,000 sqft office building for sale.
      Maple and Farmington Road, West Bloomfield, MI 48322
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.28-acre wooded lot in West Bloomfield, desirable location.
    Where is this residential land & home lot located?
    The property is located at 2833 Saddlewood Road West Bloomfield, MI.
    What is the asking price?
    The asking price for this property is $34,999.
    What are key features of this property?
    This property features: Desirable West Bloomfield location.; Acclaimed West Bloomfield School District (National Exemplary Schools).; Enjoy the 0.28‑acre wooded lot.
    (303) 848-6215
    We can help!
    Listing Contact
    Joel Hinckley
    Real Estate License ID: 0727817
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!