Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1.67 Acre Site For Sale Title is generated by Realmo AI

    W Caro Rd & Cooling Rd, Caro, MI 48723

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

    1.67 acre commercial site with usable ground available.

    Type:Land
    Lot size:
    1.67 Acres
    Added:
    Oct 4, 2022
    Days on Market:
    1327
    Last Refresh:
    May 19 at 8:26 pm

    Property Features for W Caro Rd & Cooling Rd

    General Information

    Standard status
    Active
    Lot size
    1.67 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Gordon Hyde
    Gordon Hyde

    Listing agent Gordon Hyde License #MI 6501401975

    Listing office Landmark Commercial Real Estate Services

    Listing date Oct 4, 2022

    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 Landmark Commercial Real Estate Services

    HighLights

    • 1.67 acre site
    • Located on West Caro Road
    • Approximately ½ acre of usable ground
    • Wetlands running through the north eastern portion of the property

    Overview

    This 1.67-acre site is located on West Caro Road. Approximately 0.5 acres of the site is usable ground, with wetlands running through the northeastern portion of the property.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Caro
    County
    Tuscola
    State
    Michigan
    Longitude
    -83.3855
    Latitude
    43.4866

    Nearby Similar for Sale

    • $349,000
      1,250 SF

      1004 West Caro Road, Caro, MI 48723

      High-visibility corner lot on M-81, a rare commercial opportunity.
      1004 West Caro Rd, Caro, MI 48723
      View Details
    • $420,000
      8,600 SF

      Caro Multi-Tenant Office Property

      Multi-tenant office building in Caro, Michigan with upside potential.
      1184 Cleaver Rd, Caro, MI 48723
      View Details
    • $299,000
      3,550 SF

      837 South State Street Caro

      3,550 sq ft commercial building with versatile open layout.
      837 South State St, Unit Caro, Caro, MI 48723
      View Details
    • $450,000
      3,368 SF

      Restaurant, Bar with Apartments

      Restaurant/bar with two apartments in downtown Caro, Michigan.
      261 N State Street, Caro, MI 48723
      View Details
    • $295,000
      5,024 SF

      Versatile Mixed-Use Property in Caro

      5-acre property with shop, apartment, and storage barn.
      4027 W CARO Road, Caro, MI 48723
      View Details
    • $129,900
      1,600 SF

      Established Business Opportunity in Caro

      Long-standing dry cleaning business with real estate for sale.
      815 GIBBS Street, Caro City, MI 48723
      View Details
    • $44,500
      780 SF

      Downtown Office/Retail Opportunity

      780 SF office/retail space in high-traffic downtown location.
      441 N STATE St, Caro, MI 48723
      View Details
    • $420,000
      10,647 SF

      Multi-Tenant Office Property in Caro

      10,647 SF multi-tenant office property in Caro, Michigan.
      1184 Cleaver Rd, Caro, MI 48723
      View Details
    • $2,021,000
      2,414 SF

      Freestanding Wendy’s Investment Property

      Single-tenant Wendy’s in Caro, Michigan with long-term lease.
      847 S State St, Caro, MI 48723
      View Details
    • $74,900

      Caro Land Opportunity on M-81

      High visibility land parcels available for development in Caro, MI.
      M-81 and Dixon Rd, Caro, MI
      View Details
    • $74,900

      Land For Sale

      3.06 acres of land available for purchase.
      M-81 and Dixon Road, Caro, MI, Caro, MI 48723
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.67 acre commercial site with usable ground available.
    Where is this commercial land located?
    The property is located at W Caro Rd & Cooling Rd Caro, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.67 acre site; Located on West Caro Road; Approximately ½ acre of usable ground
    (248) 488-2620 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gordon Hyde
    Gordon Hyde
    Real Estate License ID: MI 6501401975
    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

    Thank You for Inquiry
    W Caro Rd & Cooling Rd, Caro, MI 48723
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!