Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near Garland Golf Course Title is generated by Realmo AI

    501 KLARICH Lot #30 Way, Lewiston, MI 49756

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Greenwood Twp, MI

    Lot size:
    0.75 Acres
    Added:
    Oct 22, 2024
    Days on Market:
    577
    Last Refresh:
    May 21 at 9:06 am

    Property Features for 501 KLARICH Lot #30 Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    00578703000
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    T28N R1E SEC 16 - LOT 30 GARLAND WOODS ON THE FOUNTAINS GOLF COURSE III 2002 SPLIT FROM 005-116-001-32
    Tax Annual Amount
    409

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Emili Lauble

    Listing agent Emili Lauble

    Listing office Community Choice Realty Inc 261 E Maple, Birmingham, MI

    Listing date Oct 22, 2024

    MLS# 20251029382 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant land bordering Garland Golf Course
    • Located in Garland Woods Fountains III golf community
    • Almost one acre in size
    • Quiet and private location
    • Opportunity to build a custom dream home
    • Well water source available

    Overview

    This 0.75-acre vacant land parcel is located in Greenwood Township, Oscoda County, Michigan. Situated in the Garland Woods Fountains III golf community, specifically Lot #30, the property borders the Garland Golf Course. The residential-zoned land offers an opportunity to build a home in a quiet, natural setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lewiston
    County
    Montmorency
    State
    Michigan
    Longitude
    -84.2791
    Latitude
    44.8173

    Nearby Similar for Sale

    • $399,900
      3,468 SF

      Spacious Commercial Office Building on Acres

      Large commercial building in Lewiston, Michigan, suitable for various ventures.
      4890 Airport Road, Lewiston, MI 49756
      View Details
    • $149,000
      3,904 SF

      Turnkey Restaurant in Lewiston, MI

      Restaurant with improvements, parking, and equipment in Lewiston, MI.
      4524 Salling Avenue, Lewiston, MI 49756
      View Details
    • $225,000
      3,468 SF

      Spacious Commercial Office Building on Acres

      Large commercial building in Lewiston, suitable for various ventures.
      4890 Airport Road, Lewiston, MI 49756
      View Details
    • $499,000
      2,000 SF

      Profitable Auto Repair Business

      Turn-key auto repair business with real estate for sale.
      5557 N Red Oak, Lewiston, MI 49756
      View Details
    • $950,000
      29,177 SF

      Lewiston Motel with Prime Location

      49-unit motel in Lewiston, MI, with pool and ample parking.
      4909 Salling Avenue, Lewiston, MI 49756
      View Details
    • $549,000
      6,630 SF

      Landmark Restaurant/Bar in Lewiston, MI

      Established restaurant/bar with seating for 240 on 3+ acres.
      4965 Salling Avenue, Lewiston, MI 49756
      View Details
    • $19,900

      Lewiston Commercial Acreage Opportunity

      1.36 acres of commercially zoned land in Lewiston, MI.
      Parcel 1 Airport Road, Lewiston, MI 49756
      View Details
    • $34,900

      Lewiston Commercial Acreage Opportunity

      1.88 acres on a desirable corner lot in Lewiston.
      Parcel 3 Airport Road, Lewiston, MI 49756
      View Details
    • $65,000

      Lewiston Buildable Land For Sale

      8.01 acre parcel perfect for a Northern Michigan getaway.
      7187 County Road 612, Lewiston, MI 49756
      View Details
    • $29,900

      Lewiston Land Near Garland Lodge

      Two secluded lots totaling 3.5 acres near Garland Lodge.
      4 Osprey Lane lot: 4-5, Lewiston, MI 49756
      View Details
    • $149,500
      2,992 SF

      Lewiston Commercial Property for Sale

      Commercial property in Lewiston, Michigan with multiple possibilities.
      4475 Hanson Avenue, Lewiston, MI 49756
      View Details
    • $84,900

      Lewiston Commercial Acreage Opportunity

      10.44 acres of commercially zoned land in Lewiston, MI.
      Parcel 4 Airport Road, Lewiston, MI 49756
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land near Garland Golf Course, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 501 KLARICH Lot #30 Way Lewiston, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Vacant land bordering Garland Golf Course; Located in Garland Woods Fountains III golf community; Almost one acre in size
    (248) 729-0011
    We can help!
    Listing Contact
    Emili Lauble
    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
    501 KLARICH Lot #30 Way, Greenwood Twp, MI 49756
    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!