Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gull Lake Open Space Land Title is generated by Realmo AI

    8885 Camomile Drive, Augusta, MI 49012

    View on Map
    Claim this Listing
    For Sale
    $43,500

    Open space community in Gull Lake Schools with dedicated parkland.

    Type:Land / Lot
    Property size:
    27,878 SF
    Price / SF:
    $1.56/SF
    Added:
    Feb 26, 2018
    Days on Market:
    3022
    Last Refresh:
    Mar 13 at 4:16 pm

    Property Features for 8885 Camomile Drive

    General Information

    Standard status
    Active
    Size
    27,878 SF
    Property subtype
    Land / Lot

    We can help!

    Listing Contact
    Jason W Sibley
    Jason W Sibley

    Listing agent Jason W Sibley

    Listing office Berkshire Hathaway HomeServices MI

    Listing date Feb 26, 2018

    Source Compass

    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 Berkshire Hathaway HomeServices MI

    HighLights

    • Located in Gull Lake Schools district.
    • 14 acres of dedicated park land.
    • Open space community.
    • Gently rolling prairie setting.
    • Underground utilities.
    • Exclusive builder: Cornerstone Construction & Builders Inc.

    Overview

    This property offers a great open space community within the Gull Lake School district. It includes 14 acres of dedicated park land situated on a gently rolling prairie. The site benefits from underground utilities. The property size is 27878 square feet. Cornerstone Construction & Builders Inc. is the exclusive builder.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.3469
    Latitude
    42.369

    Nearby Similar for Sale

    • $550,000
      19,600 SF

      Versatile Commercial Property in Augusta

      Multi-building commercial property with office, business, and storage space.
      600 S Lincoln Street, Augusta, MI 49012
      View Details
    • $399,900
      1,900 SF

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta, Michigan.
      111 W Michigan Avenue, Augusta, MI 49012
      View Details
    • $170,000

      Multifamily Investment Opportunity in Augusta

      Three-unit multifamily property with rental upside in Augusta, Michigan.
      112 W Clinton Street, Augusta, MI 49012
      View Details
    • $399,900

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta.
      111 W Michigan Ave, Augusta, MI 49012
      View Details
    • $399,900
      1,900 SF

      Turnkey Diner in Downtown Augusta

      Operating diner with equipment included in downtown Augusta.
      111 W Michigan Ave, Augusta, MI 49012
      View Details
    • $570,000

      Augusta Land with Water Frontage

      60.16 acres in Gull Lake School district with water frontage.
      E G Avenue, Augusta, MI 49012
      View Details
    • $170,000

      Multifamily Investment Opportunity in Augusta

      Three-unit property near downtown Augusta with rental upside.
      112 W Clinton St, Augusta, MI 49012
      View Details
    • $62,514

      Augusta, MI Wooded Walkout Site

      Mature-wooded walkout site in a quiet cul-de-sac.
      7319 Pin Oak Circle, Augusta, MI 49012
      View Details
    • $62,514

      Wooded Homesite in Gull Lake

      Large, private, wooded homesite in Gull Lake Schools.
      7406 Stoney Creek Drive, Augusta, MI 49012
      View Details
    • $62,514

      Residential Land in Wooded Community

      Homesite in a planned community with parkland and trails.
      7336 Pin Oak Circle, Augusta, MI 49012
      View Details
    • $62,514

      Secluded Wooded Homesite in Augusta

      Private wooded lot in a thoughtfully designed residential community.
      V/L Stoney Creek Drive, Augusta, MI 49012
      View Details
    • $72,514

      Wooded Lot in Stoney Creek

      Wooded walkout lot in a desirable Augusta community.
      V/L Marsh Ridge Trail, Augusta, MI 49012
      View Details

    FAQs

    What type of property is this?
    Land - Open space community in Gull Lake Schools with dedicated parkland.
    Where is this land located?
    The property is located at 8885 Camomile Drive Augusta, MI.
    What is the asking price?
    The asking price for this property is $43,500.
    What are key features of this property?
    This property features: Located in Gull Lake Schools district.; 14 acres of dedicated park land.; Open space community.
    (269) 342-5600
    We can help!
    Listing Contact
    Jason W Sibley
    Jason W Sibley
    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
    8885 Camomile Drive, Augusta, MI 49012
    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!