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    Capac Rd Armada, MI 48005

    Sponsored
    For Sale
    $294,000

    27.91 Acres, Agricultural Zoning, Buildable

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 27.91-acre commercial land parcel presents a unique investment opportunity in Armada, Michigan. Located on Capac Road, this property boasts significant frontage (541 feet) on a paved road, offering excellent accessibility. The expansive lot, measuring approximately 541 x 1086 x 826 x 152 x 330 feet, provides ample space for various development possibilities. Currently zoned Agricultural, the land is ready for building, with natural gas readily available at the roadside. The northern property line extends 1,086 feet along Boardman Road (if and when completed, currently treeline). The property's considerable size and dimensions (1,215,760 square feet) offer substantial potential for subdivision or large-scale development. A plat is included in the disclosure documents. The property begins at the treeline north of the residence situated at 80780 Capac Road. Served by the Armada Area Schools, this location offers a blend of rural tranquility and convenient access to nearby amenities. The motivated seller is open to considering all offers. Parcel number is 13-02-04-100-022. Taxes reflect 2021 assessment.

    Property Features for 0 Capac Rd

    General Information

    Property type
    Land
    Lot Size
    1,215,760 SF

    HighLights

    • Road Frontage
    • Paved Street Access
    • Large Lot (65+ ft. frontage, 150+ ft. depth)
    • 27.91 Acres
    • Irregular Lot (approx. 1,215,760 sq ft)
    • No HOA
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Armada
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9452089
    Latitude
    42.8737467

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    FAQs

    What type of property is this?
    Land - 27.91 Acres, Agricultural Zoning, Buildable
    Where is this land located?
    The property is located at Capac Rd Armada, MI.
    What is the asking price?
    The asking price for this property is $294,000.
    What are key features of this property?
    This property features: Road Frontage; Paved Street Access; Large Lot (65+ ft. frontage, 150+ ft. depth)
    (586) 840-0440
    Request Owner's contact information
    Capac Rd Armada, MI 48005
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    Armada, MI 48005
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    Realmo Value Estimation

    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.

    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.

    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
    Capac Rd Armada, MI 48005
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