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    110-Acre Farm with Modern Home Title is generated by Realmo AI

    3624 21st, Gladstone, MI 49837

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    Claim this Listing
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    For Sale
    $560,000

    Conventional Frame, Farm - Gladstone, MI

    Type:Farm
    Property size:
    2,560 SF
    Lot size:
    110.00 Acres
    Price / SF:
    $218/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 10:06 am

    Property Features for 3624 21st

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Agricultural,Residential
    Bedrooms
    6
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage, Heated, Unassigned, Workshop
    Patio and Porch features
    Porch
    Interior features
    Hardwood Floors
    Exterior features
    Porch, Fence Owned, Horse Barn, Barn, Pole Barn, Workshop
    Fencing
    Fenced
    Basement Y/N
    1
    Standard status
    Active
    APN
    21-007-119-017-10
    Size
    2,560 SF
    Lot size
    110.00 Acres

    Building Details

    Year built
    2022
    Floors in Building
    2
    Building materials
    Metal Siding
    Architectural style
    Conventional
    Additional Structures
    Barn(s), Workshop

    We can help!

    Listing Contact
    LUCAS GESTWICKI
    LUCAS GESTWICKI

    Listing agent LUCAS GESTWICKI License #6501433737

    Listing office KEY REALTY DELTA COUNTY LLC 928 N. Lincoln Road, Escanaba, MI

    Listing date May 15, 2026

    MLS# 50207786 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 110 Acres of Land: Offers significant space and potential.
    • Modern 2,500 sqft Home (Built 2022): Provides a recently constructed living space with modern features.
    • 2,400 sqft Pole Building with Concrete Floors: Ideal for projects, hobbies, and storage.
    • Livestock Barn with Stalls and Storage: Suited for animal husbandry.
    • 6 Bedrooms on Second Floor: Accommodates large families or guests.
    • Metal Exterior: Offers durability and low maintenance.

    Overview

    This 110-acre farm in Flat Rock includes a 2,500 sqft single-family home and multiple outbuildings. Constructed in 2022, the home features a 40'x8' covered front porch, a full walkout basement, and six bedrooms on the second floor, complemented by wood floors throughout. The entire home is wrapped in metal. A 2,400 sqft pole building, built in 2019, has concrete floors, a metal roof and siding, and two attached lean-tos. A large livestock barn includes multiple stalls with concrete floors, a second floor for feed storage, and a metal roof. The property has 30 acres of fenced field. A drilled well, installed in 2019, provides water access. An outhouse near the house includes an 800-gallon holding tank. The property is zoned for agricultural and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Accounting Firm Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Delta
    State
    Michigan
    Longitude
    -87.173289
    Latitude
    45.840949

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    FAQs

    What type of property is this?
    Farm - Flat Rock farm featuring a 2022-built home and outbuildings.
    Where is this farm located?
    The property is located at 3624 21st Gladstone, MI.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: 110 Acres of Land: Offers significant space and potential.; Modern 2,500 sqft Home (Built 2022): Provides a recently constructed living space with modern features.; 2,400 sqft Pole Building with Concrete Floors: Ideal for projects, hobbies, and storage.
    (906) 280-0570
    We can help!
    Listing Contact
    LUCAS GESTWICKI
    LUCAS GESTWICKI
    Real Estate License ID: 6501433737
    Learn More
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    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.

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