Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Of Maple Rd Walled Lake, MI 48390

    Sponsored
    For Sale
    $554,400

    Prime Industrial Land, I-1 Zoning, $554,400

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 3.3-acre industrial land parcel presents a unique investment opportunity in Walled Lake, Michigan. Located on Easy Street, north of Maple Road, between Decker and Welch Roads, this property boasts convenient access to Pontiac Trail and M-5, as well as Maple and M-5, ensuring seamless transportation and logistics. The land is zoned I-1 (Limited Industrial District), permitting a variety of uses, including marijuana cultivation, processing, laboratory operations, and transportation. Adding to its appeal, a current tenant leases the front portion for $1,000 per month, storing construction equipment. This existing income stream can be transferred to the new owner, providing immediate return on investment. The parcel's assessed property number (APN) is 17-26-453-008. The asking price is $554,400, translating to $168,000 per acre. This represents a compelling opportunity for investors seeking a strategically located industrial site with diverse potential applications and a current income-generating tenant. The property is situated in Oakland County, Michigan, with a zip code of 48390. This prime location offers excellent visibility and accessibility, making it an ideal choice for a wide range of industrial ventures. Don't miss this chance to acquire a valuable asset in a thriving Michigan market.

    Property Features for 0 Of Maple Rd

    General Information

    Property type
    Land
    Lot Size
    143,748 SF

    We can help!

    Listing Contact
    Randy Thomas
    Randy Thomas

    Learn more

    HighLights

    • 3.3‑acre industrial land parcel in Walled Lake, MI.
    • Located on Easy Street, near major roadways (Pontiac Trail, M‑5, Maple Road).
    • Zoned I‑1, allowing various uses including marijuana‑related businesses.
    • Current tenant pays $1,000/month for equipment storage; income transferable to new owner.
    • Assessed Property Number (APN): 17‑26‑453‑008; Asking price: $554,400 ($168,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4830793
    Latitude
    42.5373846

    Nearby Comparable

    • $3,000,000
      15.42 Acres

      Prime Walled Lake Commercial Land

      15 Acres, $3M, R-15 Zoning
      0 Maple Rd, Walled Lake, MI 48390
      View Details
    • $1,450,000
      3,039 SF

      Burger King Investment Opportunity

      Walled Lake, MI Restaurant - High Cap Rate
      1113 West Maple Rd, Walled Lake, MI 48390
      View Details
    • $995,000
      2,633 SF

      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
      976 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $275,500
      1,132 SF

      Walled Lake Retail Opportunity

      Retail building for sale in high-traffic Walled Lake area.
      121 E Walled Lake Dr, Walled Lake, MI 48390
      View Details
    • $359,000
      1.12 Acres

      Walled Lake Residential Land Opportunity

      1.12 Acres, Multi-Family Zoning
      0 Of Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $395,000
      0.83 Acres

      Prime Walled Lake Commercial Land

      0.83 Acres, C-3 Zoning, Lakefront
      0 Walled Lk Dr. & Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $339,000

      Renovated Town Home Near Downtown

      Spacious 3-bedroom condo with private entrance and updated features.
      145 E Bay Dr, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1.00 Acre

      Industrial Land: Walled Lake, MI

      Shovel-ready lots, I-96 access.
      0 Enterprise Dr And Ladd Rd, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1.00 Acre

      Walled Lake Industrial Land Parcels

      18 shovel-ready lots, various sizes.
      0 Claranton Dr & Ladd Rd, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      8.59 Acres

      Walled Lake Industrial Land - 8.59 Acres

      Prime Industrial Land, Build-to-Suit Option
      1215 Decker Rd, Walled Lake, MI 48390
      View Details
    • $174,900

      Updated Condo with Lake Views

      Turnkey condo with lake views, access to waterfront amenities.
      855 S Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $224,900
      0.72 Acres

      Vacant Land with Lake Views

      0.72 acres of commercial land with Walled Lake views.
      1035 E Walled Lake Dr, Walled Lake, MI 48390
      View Details

    Nearby Similar for Sale

    • $805,000
      4,388 SF

      Income-Producing Commercial Property For Sale

      Commercial property with convenience store, apartment, and single-family rental home.
      1215 W Oakley Park Rd, Walled Lake, MI 48390
      View Details
    • $175,000
      2,050 SF

      Turnkey Restaurant Opportunity in Commerce

      Established restaurant for sale in a desirable suburban market.
      4052 Haggerty Hwy, Walled Lake, MI 48390
      View Details
    • $240,000
      1,242 SF

      Updated Condo in Addington Corners

      Updated upper ranch condo with modern amenities and community pool.
      5200 Addington Dr, Walled Lake, MI 48390
      View Details
    • $339,000

      Renovated Town Home Near Downtown

      Spacious 3-bedroom condo with private entrance and updated features.
      145 E Bay Dr, Walled Lake, MI 48390
      View Details
    • $275,500
      1,132 SF

      Walled Lake Retail Opportunity

      Retail building for sale in high-traffic Walled Lake area.
      121 E Walled Lake Dr, Walled Lake, MI 48390
      View Details
    • $174,900

      Updated Condo with Lake Views

      Turnkey condo with lake views, access to waterfront amenities.
      855 S Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $995,000
      2,633 SF

      Freestanding Restaurant with Drive-Thru

      2,633 SF restaurant with drive-thru in downtown Walled Lake.
      976 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $345,000
      3,300 SF

      Highland Park Warehouse - $345K

      3,300 SF Warehouse, Oakland County
      17905 Chrysler Dr, Walled Lake, MI 48390
      View Details
    • $560,000
      4,200 SF

      Walled Lake Medical Office Building

      Profitable Medical Office, 4200 SF
      1881 Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $1,450,000
      3,039 SF

      Burger King Investment Opportunity

      Walled Lake, MI Restaurant - High Cap Rate
      1113 West Maple Rd, Walled Lake, MI 48390
      View Details

    FAQs

    What type of property is this?
    Land - Prime Industrial Land, I-1 Zoning, $554,400
    Where is this land located?
    The property is located at Of Maple Rd Walled Lake, MI.
    What is the asking price?
    The asking price for this property is $554,400.
    What are key features of this property?
    This property features: 3.3-acre industrial land parcel in Walled Lake, MI.; Located on Easy Street, near major roadways (Pontiac Trail, M-5, Maple Road).; Zoned I-1, allowing various uses including marijuana-related businesses.
    Request Owner's contact information
    Of Maple Rd Walled Lake, MI 48390
    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.
    Of Maple Rd
    Walled Lake, MI 48390
    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
    Of Maple Rd Walled Lake, MI 48390
    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

    We can help!
    Listing Contact
    Randy Thomas
    Randy Thomas
    Real Estate License ID: MI 6502106098
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.