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

    Monroe Rd Durand, MI 48429

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

    7.27 Acres, R-M Zoning, Prime Location

    Property Features for 0 Monroe Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    316,638 SF

    We can help!

    Listing Contact
    Adam Bronson
    Adam Bronson

    Listing Agency: Woodworth Commercial - Bronson Listing Agent: Adam Bronson

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

    Learn more

    Overview

    This exceptional 7.269-acre vacant land parcel presents a remarkable opportunity for multifamily development in Durand, Michigan. Ideally situated in a high-demand area, the property boasts R-M zoning, allowing for the construction of multi-unit residential buildings. The lot is partially cleared, simplifying site preparation and expediting the development process. Its advantageous location offers convenient access to essential amenities and major transportation routes. Backed up to established Country Village Apartments and Durand Senior Care and Rehab Center, this site benefits from existing infrastructure and a strong residential presence. Within walking distance, residents will find Dollar General, FedEx, Family Dollar, and the Monroe Shopping Center, ensuring convenient access to daily necessities. Furthermore, the property enjoys exceptional connectivity, being just three-quarters of a mile from the I-69 interchange, providing easy commutes to Flint (15 minutes) and Lansing (30 minutes). The property's APN is 020-82-014-008-02. This is a rare opportunity to acquire a sizable, well-located parcel primed for a lucrative multifamily project. The asking price is $139,900. The address is Monroe Rd, Durand, MI 48429.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Durand
    County
    Shiawassee
    State
    Michigan
    Longitude
    -83.990432393805
    Latitude
    42.921400394713

    Nearby Similar for Sale

    • $2,500,000
      11,082 SF

      Durand Retail Investment Opportunity

      11,082 SF Rite Aid Building, Vacant
      8531 Lansing Rd, Durand, MI 48429
      View Details
    • $160,000

      Downtown Durand Commercial Opportunity

      Prime commercial space with high visibility and endless potential.
      210 N Saginaw St, Durand, MI 48429
      View Details
    • $79,900

      Commercial Property with Greenhouse Potential

      Commercial property suitable for greenhouse, retail, or agricultural ventures.
      10122 E Newburg Rd, Durand, MI 48429
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 7.27 Acres, R-M Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at Monroe Rd Durand, MI.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: 7.269-acre vacant land parcel in Durand, MI, ideal for multifamily development.; R-M zoning allows multi-unit residential construction.; Partially cleared lot simplifies site preparation.
    (989) 723-3711 Call to check price and availability
    Request Owner's contact information
    Monroe Rd Durand, MI 48429
    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.
    Monroe Rd
    Durand, MI 48429
    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
    Monroe Rd Durand, MI 48429
    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 Adam Bronson
    Adam Bronson
    Real Estate License ID: 6501425950
    (989) 723-3711
    Learn more
    Google sign-in failed. Please try again or use another login method.