Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Lots on Somers Drive Title is generated by Realmo AI

    Somers Dr, Burton, MI 48506

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

    Six vacant industrial lots available for individual or combined purchase.

    Type:Land
    Added:
    Oct 20, 2022
    Days on Market:
    1316
    Last Refresh:
    May 19 at 9:20 pm

    Property Features for Somers Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Winfield Cooper

    Listing agent Winfield Cooper License #MI 6504165123

    Listing office Cooper Commercial

    Listing date Oct 20, 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 Cooper Commercial

    HighLights

    • Six contiguous vacant lots available for purchase, offering significant development potential.
    • Zoned M‑1 Light Industrial, suitable for a variety of business uses.
    • Option to purchase individual lots or the entire package.
    • Located on Somers Drive, providing road frontage.
    • Features paved road with concrete curbs.
    • Underground utilities are already in place.

    Overview

    Six vacant lots are available on Somers Drive, situated across from Mid-State Bolt and Screw and adjacent to I-475. The lots are zoned M-1 Light Industrial, offering development potential. These lots feature a paved road with concrete curbs and underground utilities. The properties are available for purchase individually or as a whole. Lots 10, 13, 14, 15, and 18 are priced at $100,000 per lot, while Lot 16 is priced at $175,000.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.680683
    Latitude
    42.973278

    Nearby Similar for Sale

    • $280,000
      3,560 SF

      Commercial Building in Prime Corridor

      3,500 SF commercial building with high visibility and flexibility.
      4277 S Saginaw Street, Burton, MI 48529
      View Details
    • $895,000
      7,400 SF

      4086 Davison, Burton MI - Inspire Canna

      Turnkey dispensary business and real estate for sale in Burton.
      4086 Davison Rd, Burton, MI 48509
      View Details
    • $180,000
      1,788 SF

      High-Visibility Live-Work Property

      Rare live-work property with retail storefront near I-75.
      2044 E Bristol, Burton, MI 48529
      View Details
    • $1,200,000
      7,330 SF

      Established Laundromat in Prime Location

      Well-established laundromat near major highways with strong customer base.
      2247 S Center, Burton, MI 48519
      View Details
    • $975,000
      4,300 SF

      Commercial Land on Davison Road

      3.8 acres of commercial real estate in Burton, Michigan.
      4154 DAVISON Rd, Burton, MI 48509
      View Details
    • $280,000
      3,500 SF

      Burton Commercial Asset For Sale

      3,500 SF commercial building in prime Burton corridor.
      4277 S Saginaw St, Burton, MI 48529
      View Details
    • $695,000
      4,100 SF

      Church and Garage on Acreage

      Church with garage, classrooms, and parking on 6.84 acres.
      4075 E Atherton Rd, Burton, MI 48519
      View Details
    • $260,000

      Versatile Office Building For Sale

      High-visibility office building with flexible space and income potential.
      5046 DAVISON Rd, Burton, MI 48509
      View Details
    • $125,000

      Prime Development Opportunity in Burton

      1.71-acre commercial land with high visibility and accessibility.
      1423 N Belsay Road, Burton, MI 48509
      View Details
    • $695,000
      21,855 SF

      Spacious Church Facility with Garage

      21,855 sq. ft. church with bus garage.
      4075 E Atherton Rd, Burton, MI, 48519
      View Details
    • $29,900

      Commercial Lot Near GM Plant

      0.37-acre commercial lot with high visibility and access.
      4339 Davison Rd, Burton, MI 48509
      View Details
    • $35,000

      Commercial Land Parcel on Center

      Commercial-zoned land parcel suitable for retail, office, or mixed-use development.
      3267 S Center Rd, Burton, MI 48519
      View Details

    FAQs

    What type of property is this?
    Industrial land - Six vacant industrial lots available for individual or combined purchase.
    Where is this industrial land located?
    The property is located at Somers Dr Burton, MI.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Six contiguous vacant lots available for purchase, offering significant development potential.; Zoned M‑1 Light Industrial, suitable for a variety of business uses.; Option to purchase individual lots or the entire package.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Winfield Cooper
    Real Estate License ID: MI 6504165123
    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
    Somers Dr, Burton, MI 48506
    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!