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    Gould City Acreage with Greenhouse Title is generated by Realmo AI

    N3904 S Gould City, Gould City, MI 49838

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    Claim this Listing
    New
    For Sale
    $475,000

    Farm, Farm House,Traditional - Gould City, MI

    Type:Farm
    Property size:
    2,605 SF
    Lot size:
    40.00 Acres
    Price / SF:
    $182/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 10:06 am

    Property Features for N3904 S Gould City

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Residential
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room
    Parking features
    Driveway, Garage, Garage - Attached, Garage - Detached, Heated, Paved or Surfaced, Unassigned, Workshop
    Window features
    Skylight(s)
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    9 ft + Ceilings, Interior Balcony, Bay Window, Cathedral/Vaulted Ceiling, Hardwood Floors, Wet Bar/Bar, Skylights
    Exterior features
    Deck, Patio, Porch, Garden Area, Dairy Barn, Hay Barn, Horse Barn, Greenhouse, Barn, Shed, Garage(s), Second Garage, Stable(s), Workshop
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    009-121-002-10
    Size
    2,605 SF
    Lot size
    40.00 Acres

    Utilities

    Heating system
    Fireplace(s), Hot Water (Heating), Pellet Stove (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1974
    Floors in Building
    2
    Building materials
    Vinyl Siding
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Garage(s), Greenhouse, Packing Shed, Second Garage, Shed(s), Stable(s), Workshop

    We can help!

    Listing Contact
    TRAVIS WOOD
    TRAVIS WOOD

    Listing agent TRAVIS WOOD License #6501433914

    Listing office GROVER REAL ESTATE 771 East Lakeshore Drive, Manistique, MI

    Listing date May 15, 2026

    MLS# 50207719 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 40‑acre parcel bordering state land, ideal for outdoor activities and privacy.
    • Includes a 30x60 outbuilding with water, electric, and heat, a 30x60 historic barn, and a 27x98 commercial greenhouse.
    • Pristine, updated 4‑bedroom home with a stunning living room and cozy family room.
    • Located just 2 miles from public Lake Michigan beach access.
    • Efficient hot water boiler heat with a pellet boiler backup.
    • Multiple garages and workshop space available.

    Overview

    Located on a 40-acre parcel just 2 miles from public Lake Michigan beach access, this property features a 4-bedroom home. The residence includes 2 baths, a living room, and a family room. Additional structures include a detached garage, a 30x60 outbuilding with water, electric, and heat, a 30x60 historic barn, and a 27x98 commercial greenhouse. The 40 acres borders state land to the east and south. The home is heated by an efficient hot water boiler, with an outdoor pellet boiler as a backup. This property is suited for homesteading, raising animals, growing crops, and pursuing a rewarding lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Gould City
    County
    Mackinac
    State
    Michigan
    Longitude
    -85.7334
    Latitude
    46.0665

    FAQs

    What type of property is this?
    Farm - Pristine 4-bedroom home on 40 acres near Lake Michigan.
    Where is this farm located?
    The property is located at N3904 S Gould City Gould City, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 40‑acre parcel bordering state land, ideal for outdoor activities and privacy.; Includes a 30x60 outbuilding with water, electric, and heat, a 30x60 historic barn, and a 27x98 commercial greenhouse.; Pristine, updated 4‑bedroom home with a stunning living room and cozy family room.
    (906) 450-5080
    We can help!
    Listing Contact
    TRAVIS WOOD
    TRAVIS WOOD
    Real Estate License ID: 6501433914
    Learn More
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    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
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