Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Metamora Twp Land Opportunity Title is generated by Realmo AI

    Shalimar Ridge, Metamora, MI 48455

    View on Map
    Claim this Listing
    For Sale
    $249,900

    LAND - Metamora Twp, MI

    Lot size:
    10.03 Acres
    Added:
    Apr 17, 2025
    Days on Market:
    400
    Last Refresh:
    May 21 at 7:06 am

    Property Features for Shalimar Ridge

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    01501000100
    Lot size
    10.03 Acres

    Taxes and HOA fees

    Tax Description
    SEC 10 T6N R10E PARCEL 'J' BEG S 88-33-20 E 53.01 FT & S 02-35- 18 W 1210 FT & S 48-07-21 E 309.58 FT & N 81-10-00 E 379.92 FT & N 84-57-22 E 276.11 FT FROM N 1/4 COR, TH S 01-15-15 E 77.73 FT, TH CURVE LEFT CHRD BEARING & DIST S 25-32-38 E 164.54 FT (CEN ANG 48-34-45, RAD 200FT), TH S 49 -50-00 E 586.35 FT, TH CURVE LEFT CHRD BEARING & DIST S 72-18-13 E 267.54 FT (CEN ANG 44-56-27, RAD 350 FT); TH N 85-13-33 E 121.43 FT; TH N 05-16-16 W 696.76 FT, TH S 88-44-45 W 832.80 FT TO POB. 10.03 A.
    Tax Annual Amount
    916

    We can help!

    Listing Contact
    Angela Morales

    Listing agent Angela Morales License #6501421412

    Listing office Wilhelm & Associates 6485 Dixie, Clarkston, MI

    Listing date Apr 17, 2025

    MLS# 20250026859 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10+ Acres of Wooded and Private Land
    • Located near Metamora Hunt Club
    • City Water Availability in the Future
    • No HOA
    • Building Restrictions: Minimum 2,000 Sq Ft Home
    • Peaceful Setting with Abundant Nature

    Overview

    This 10+ acre parcel is located in Metamora, near the Metamora Hunt Club. The property is wooded and private, offering a peaceful setting. According to the Township Building Department, building restrictions include a 50 ft setback from the front, 15 ft from each side, and 30 ft from the rear, with a minimum home size of 2,000 sq ft. City water is planned to be available in the near future, and a septic system will be needed. As of January 12th, 2026, the settling party (WIH) was conducting surveys and planning to submit them to the state, with an agreement in place but no official timeframe for city water connection. Currently, no well permits are being issued. There is no HOA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Metamora
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.268626
    Latitude
    42.95231

    Nearby Similar for Sale

    • $2,200,000
      15,000 SF

      Metamora Commercial Property on M-24

      High-visibility commercial property with flexible space on approximately 9 acres.
      3420 S Lapeer Road, Metamora, MI 48455
      View Details
    • $24,900

      Land with Pond in Metamora

      1.61-acre parcel with pond near Metamora-Hadley State Recreation Area.
      2951 Woodland, Metamora, MI 48455
      View Details
    • $79,500

      Residential Land Near Lake Metamora

      Wooded lot in secluded neighborhood near Lake Metamora.
      Autumn View Lane, Metamora Twp, MI 48455
      View Details
    • $995,000

      Prime Commercial Land Opportunity

      37-acre commercial land with frontage on Lapeer and Dryden.
      3400 S LAPEER Road, Metamora Township, MI 48455
      View Details
    • $145,000

      Lakefront Lot in Metamora Village

      Lakefront property with 178 feet of frontage on Metamora Lake.
      VL N Pratt Road, Metamora Vlg, MI 48455
      View Details
    • $80,000

      Residential Land in Metamora Township

      Premier golf course address, build your dream home!
      1058 INVITATIONAL Drive, Metamora Twp, MI 48455
      View Details
    • $3,699,999

      500+ Acres of Premium Land

      Rare opportunity: 500+ acres in southern Lapeer County, Michigan.
      3131 S Lapeer Road, Metamora, MI 48455
      View Details
    • $2,200,000
      15,000 SF

      Commercial Service & Showroom Facility

      15,000 SF facility on 9 acres with high visibility.
      3420 S Lapeer Rd, Metamora, MI 48455
      View Details
    • $9,900
      980 SF

      Ideal Villa

      Peaceful manufactured home community in Metamora, Michigan, with convenient amenities.
      3660 S Lapeer Rd, Metamora, MI 48455
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10+ acres of wooded land near Metamora Hunt Club.
    Where is this residential land & home lot located?
    The property is located at Shalimar Ridge Metamora, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: 10+ Acres of Wooded and Private Land; Located near Metamora Hunt Club; City Water Availability in the Future
    (248) 625-9500
    We can help!
    Listing Contact
    Angela Morales
    Real Estate License ID: 6501421412
    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
    Shalimar Ridge, Metamora Twp, MI 48455
    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!