Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Irish Rd and Court St Davison, MI 48423

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

    2+ acres of land available in Davison, Michigan.

    Type:Land
    Lot size:
    2.00 Acres
    Added:
    Aug 15, 2021
    Days on Market:
    1718
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for Irish Rd and Court St

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Carrie Weiss

    Listing agent Carrie Weiss License #MI 6501382518

    Listing office NAI Farbman Southfield

    Listing date Aug 15, 2021

    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 NAI Farbman Southfield

    Overview

    Davison Land For Sale

    Available for sale is a 2+ acre land parcel located in Davison, Michigan, at the intersection of Irish Road and Court Street. This property presents a potential opportunity for development or investment.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Davison
    County
    Genesee
    State
    Michigan
    Longitude
    -83.513
    Latitude
    43.0361

    Nearby Similar for Sale

    • $1,850,000
      12,000 SF

      Fully Leased Mixed-Use Commercial Building

      12,000 SF mixed-use building on 10+ acres in Davison, MI.
      3390 N State Road, Davison, MI 48423
      View Details
    • $199,999

      Prime Commercial Land in Davison

      1.78-acre commercial parcel with high visibility and frontage.
      E Bristol Road, Davison Twp, MI 48423
      View Details
    • $449,000

      Commercial Land in Davison, MI

      4.89-acre commercial land with high traffic and accessible utilities.
      4091 N State, Davison, MI 48423
      View Details
    • $150,000

      Prime Commercial Land on M-15

      5-acre commercial parcel with high visibility and versatile zoning.
      N State Road, Richfield Twp, MI 48423
      View Details
    • $3,500,000
      34,000 SF

      Equestrian Facility on 30+ Acres

      Turn-key equestrian facility with living quarters on 30+ acres.
      9111 E Bristol Road, Davison, MI 48423
      View Details
    • $49,900

      Residential Land in Davison, Michigan

      2.11-acre lot in Richfield Township, Davison school district.
      5189 N Irish, Davison, MI 48423
      View Details
    • $2,700,000
      60,000 SF

      Established Athletic Club with Fitness Center

      60,000 SF athletic club with diverse fitness and sports facilities.
      2140 Fairway Dr, DavisonTownship_Genesee, MI 48423
      View Details
    • $99,900

      Commercial Land Near Downtown Davison

      2.27 acre commercial land parcel for sale.
      5086 N State Road, Richfield Township, MI 48423
      View Details
    • $399,000

      Davison Vacant Land Development Opportunity

      Approximately 75 acres of vacant land, ideal for development.
      N Irish, Davison, MI 48423
      View Details
    • $68,000

      Residential Land in Davison Township

      Land for sale in new Davison development with city utilities.
      7165 Donegal, Davison Twp, MI 48423
      View Details
    • Contact for pricing

      Retail Space Near Meijer

      Retail development space anchored by Meijer with pylon signage.
      8079 Lapeer Road | Davison, MI 48423
      View Details
    • $29,900

      Residential Land in Davison, Michigan

      Two residential lots totaling almost an acre in convenient location.
      V/L Rivershyre, Davison, MI 48423
      View Details

    FAQs

    What type of property is this?
    Land - 2+ acres of land available in Davison, Michigan.
    Where is this land located?
    The property is located at Irish Rd and Court St Davison, MI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 2+ Acres Available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carrie Weiss
    Real Estate License ID: MI 6501382518
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!