Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cultivation Land Near I-75 Title is generated by Realmo AI

    3071 Alabaster Road, Tawas City, MI 48763

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    17 acres of tilled land near I-75.

    Type:Land
    Lot size:
    17.00 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    75
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 3071 Alabaster Road

    General Information

    Standard status
    Active
    Lot size
    17.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Charles Al-Sheikh
    Charles Al-Sheikh

    Listing agent Charles Al-Sheikh License #MI 6505432216

    Listing office C3 CRE, LLC

    Listing date Feb 27, 2026

    Source Crexi

    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 C3 CRE, LLC

    HighLights

    • Turnkey Adult‑Use Outdoor Cultivation Operation (No License Included)
    • 17 Acres Fully Drained and Tilled
    • High‑Yield Well: 60 Gallons Per Minute
    • Close Proximity to I‑75 Freeway
    • Approximately 2 Hours from Metro Detroit
    • Modular Duplex Building On‑Site

    Overview

    This 17-acre property, formerly an operational adult-use outdoor cultivation site, is available for sale. Please note that no license is included in the sale. The land is fully drained and tilled, supported by a 60-gallon-per-minute well. A modular duplex building is located on the property. Situated in close proximity to the I-75 freeway, the site is approximately two hours from Metro Detroit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun Baked Cannabis, ... Production Facility

    Map

    City
    Tawas City
    County
    Iosco
    State
    Michigan
    Longitude
    -83.645195
    Latitude
    44.205906

    Nearby Similar for Sale

    • $900,000
      8,160 SF

      Established Fitness Center on Lake Huron

      Turnkey fitness center with equipment on Lake Huron shoreline.
      1190 Lake Street, Tawas City, MI 48763
      View Details
    • $10,000

      Tawas City Commercial Land

      Ready-to-build 2+ acre commercial property in Tawas City.
      35 Wilber Road, Tawas City, MI 48763
      View Details
    • $585,000

      Lake Huron Waterfront Building Site

      Premier lakefront land with 175' frontage on Lake Huron.
      VL Keystone, Tawas City, MI 48763
      View Details
    • $299,900
      1,938 SF

      Office Building with Lake Huron View

      Tawas City office building with high visibility and lake views.
      438 W Lake Street, Tawas Township, MI 48763
      View Details
    • $24,900

      Wooded Acreage Near Tawas City

      1.08 acre wooded parcel suitable for building a home.
      00 Duby Road, Tawas City, MI 48763
      View Details
    • $110,000

      Tawas City Land Development Opportunity

      Large 3.5+ acre parcel in Redevelopment Ready Tawas City.
      00 Ninth Avenue, Tawas City, MI 48763
      View Details
    • $24,900

      Wooded Acreage Near Tawas City

      1.08 acre wooded parcel suitable for building a home.
      00 Duby Road, Tawas City, MI 48763
      View Details
    • $49,900

      Buildable Lot Near Tawas Bay

      1.5 acre buildable lot with utilities and creek access.
      1.5 Acres Alabaster Road, Tawas City, MI 48763
      View Details
    • $449,999

      Turnkey Outdoor Cultivation Operation

      17-acre former adult-use cultivation site near I-75.
      3071 Alabaster Rd, ShermanTownship_Iosco, MI 48763
      View Details
    • $274,900

      Recreational Land with Hunting Potential

      78.5 acres of recreational and hunting land near Tawas City.
      78.5 Acres Alabaster Road, Tawas City, MI 48763
      View Details
    • $685,000
      2,270 SF

      Development Property on US-23

      2.7 acre development property with frontage on US-23.
      908 & 910 W Lake, Tawas Township, MI 48763
      View Details
    • $1,999,999
      10,460 SF

      Agricultural/Cannabis Property with 10,460 SqFt

      10,460 SqFt agricultural/cannabis property available for sale.
      3171 Alabaster Rd, Tawas City, MI 48763
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 17 acres of tilled land near I-75.
    Where is this agricultural land / farmland located?
    The property is located at 3071 Alabaster Road Tawas City, MI.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: Turnkey Adult‑Use Outdoor Cultivation Operation (No License Included); 17 Acres Fully Drained and Tilled; High‑Yield Well: 60 Gallons Per Minute
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Al-Sheikh
    Charles Al-Sheikh
    Real Estate License ID: MI 6505432216
    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
    3071 Alabaster Road, Tawas City, MI 48763
    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!