Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Frost Rd Hemlock, MI 48623
    Back to Search
    Property profile & analytics

    Frost Rd, Hemlock, MI 48623

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Frost Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre commercial land parcel presents a rare opportunity in Saginaw County, Michigan. Located at 0 Frost Road, Freeland, MI 48623 (APN 28123104004001), this property is priced at $49,900, representing a value of $24,950 per acre. The land is zoned for commercial use and offers significant potential for various development projects. Conveniently situated, it provides easy access to nearby amenities, including shopping centers, golf courses, parks, and recreational attractions such as Apple Mountain Ski Resort and Leaman's Green Applebarn. Utilities are readily available at the roadside, including public water and natural gas connections, simplifying the development process. The property's size allows for potential subdivision, offering flexibility for tailored development plans. This is an ideal location for businesses seeking a prominent presence in a thriving community. The asking price makes this a highly attractive investment opportunity for those seeking a strategic land acquisition in a desirable Michigan location. Don't miss this chance to secure this valuable commercial land parcel.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hemlock
    County
    Saginaw
    State
    Michigan
    Longitude
    -84.1908
    Latitude
    43.4523

    Comparable in this City

    • Value Estimation by Request

      2563 Fisher Rd

      Land
      2563 Fisher Rd, Freeland, MI 48623
      View Details
    • Value Estimation by Request
      10.00 Acres

      Frost Rd

      Land
      0 Frost Rd, Hemlock, MI 48623
      View Details
    • Value Estimation by Request
      9.79 Acres

      5550 Midland Rd

      Land
      5550 Midland Rd, Freeland, MI 48623
      View Details
    • Value Estimation by Request
      27.00 Acres

      5420 Flajole Rd

      Land
      5420 Flajole Rd, Freeland, MI 48623
      View Details
    • Value Estimation by Request
      0.60 Acres

      112 Main St

      COMMERCIAL (GENERAL)
      112 Main St, Freeland, MI 48623
      View Details
    • Value Estimation by Request
      15.69 Acres

      5690 Midland Rd

      COMMERCIAL (GENERAL)
      5690 Midland Rd, Freeland, MI 48623-8845
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      1.38 acre land available for purchase.
      7760 Kochville Rd, Freeland, MI 48623
      View Details
    • Contact for pricing

      Freeland Development Land For Sale

      Two parcels totaling 0.984 acres with frontage on Midland Road.
      335 S Main St, Freeland, MI 48623
      View Details
    • Contact for pricing

      Freeland Land Parcel For Sale

      Prime development opportunity in downtown Freeland with frontage.
      285 S Main St, Freeland, MI 48623
      View Details
    • Contact for pricing

      Development Land Near Sports Zone

      9.79 acres of commercial land with high visibility.
      5550 Midland Rd, Freeland, MI 48623
      View Details
    • $35,000
      1.05 Acres

      Wooded One-Acre Building Lot

      One-acre wooded lot with well and septic in Freeland, MI.
      4745 E Bailey Bridge Rd, Freeland, MI 48623
      View Details
    • $130,000
      1.00 Acre

      Freeland Commercial Land For Sale

      One-acre commercial parcel in newly developed River Center.
      Lot C Goose, Freeland, MI 48623
      View Details
    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.
    Frost Rd
    Hemlock, MI 48623
    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
    Frost Rd, Hemlock, MI, 48623
    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!