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
    The Largest CRE Database in the US with Over 1 Million Listings

    Marr Rd Howell, MI 48855

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Howell residential land, major road access.

    Property Features for 0 Marr Rd

    General Information

    Property type
    Land
    Lot Size
    3,205,145 SF

    We can help!

    Listing Contact
    Scott Griffith
    Scott Griffith

    Listing Agency: Griffith Realty Listing Agent: Scott Griffith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 73.58-acre parcel presents a significant development opportunity in the desirable Howell area of Livingston County, Michigan. Located on W Marr Rd, this property boasts convenient access to major transportation arteries, sitting 3.2 miles north of M-59 and 5.5 miles north of I-96. Its strategic location is further enhanced by its adjacency to a golf course, offering a desirable amenity for future residents. The land is zoned for residential use and comes with 322 allocated water and sewer REUs. The asking price is $1,344,718, translating to $32,617 per acre. It's important to note that the buyer will assume a water and sewer assessment, payable in annual installments through 2024, totaling $979,625. Adding to its appeal, the parcel's approved development plan incorporates a 25-acre township park, providing a significant community benefit and enhancing the overall desirability of the development. The property's APN is 0612300009. This is a rare opportunity to acquire a substantial tract of land in a thriving Michigan community, poised for significant residential growth. Serious inquiries only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.9260825
    Latitude
    42.6656812

    Nearby Similar for Sale

    • $229,900
      576 SF

      Howell Office Building For Sale

      Two-story office building near downtown Howell with parking.
      515 East Grand River Ave, Howell, MI 48843
      View Details
    • New
      $659,900
      2,608 SF

      New Construction Howell Home

      Five-bedroom home with walkout basement in Marion Oaks neighborhood.
      601 Birkdale Dr, Howell, MI 48843
      View Details
    • $640,000
      3,744 SF

      Commercial Opportunity on High-Traffic Corner

      Commercial building with warehouse space and tenant-occupied front unit.
      51 Chilson Rd, Howell, MI 48843
      View Details
    • $339,900
      2,032 SF

      Farmhouse on 2 Acres

      Farmhouse on 2 acres near Downtown Howell.
      1340 County Farm Rd, Howell, MI 48843
      View Details
    • $500,000
      1,720 SF

      Howell Farmhouse with Extensive Outbuildings

      Farmhouse on 5.3 acres with city utilities and outbuildings.
      2795 N Burkhart Rd, Howell, MI 48855
      View Details
    • $299,900
      1,696 SF

      Howell Farmhouse on Scenic Acreage

      Scenic 5-acre country setting in Howell with potential.
      1315 W Marr Rd, Howell, MI 48855
      View Details
    • $295,000
      1,692 SF

      High-Traffic Corner Commercial Opportunity

      Commercial building on a high-traffic corner with excellent visibility.
      2426 E Grand River Ave, Howell, MI 48843
      View Details
    • $310,000
      2,024 SF

      Howell Farmhouse Multifamily Property

      Investment property with two units near schools, shopping, and dining.
      823 Alger St, Howell, MI 48843
      View Details
    • $589,000
      3,658 SF

      Howell Professional Office with Residence

      Professional office suite with a 4-bedroom residence.
      721 S Michigan Ave, Howell, MI 48843
      View Details
    • $600,000
      2,272 SF

      Established Childcare Facility in Howell

      Turnkey childcare facility for sale in Howell, Michigan.
      1025 Yorkshire Dr, Howell, MI 48843
      View Details
    • $650,000
      5,472 SF

      Historic Howell Multifamily Investment Opportunity

      Remodeled historic multifamily building in downtown Howell, a prime investment.
      121 S Court St, Howell, MI 48843
      View Details
    • $499,900
      292 SF

      Downtown Howell Redevelopment Opportunity

      Redevelopment opportunity in the heart of downtown Howell, Michigan.
      401 E Grand River Ave, Howell, MI 48843
      View Details

    FAQs

    What type of property is this?
    Land - Prime Howell residential land, major road access.
    Where is this land located?
    The property is located at Marr Rd Howell, MI.
    What is the asking price?
    The asking price for this property is $1,344,718.
    (810) 227-1016 Call to check price and availability
    Request Owner's contact information
    Marr Rd Howell, MI 48855
    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.
    Marr Rd
    Howell, MI 48855
    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
    Marr Rd Howell, MI 48855
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Griffith
    Scott Griffith
    Real Estate License ID: 6502138068
    (810) 227-1016 (313) 580-1933
    Learn more
    Google sign-in failed. Please try again or use another login method.