Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    V/L Marine City Hwy Casco, MI 48064
    Back to Search
    Property profile & analytics

    V/L Marine City Hwy, Casco, MI 48064

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

    Current Use by Public Records

    • Land

    Property Details for 0 V/L Marine City Hwy

    Lot size
    20.00 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering in Casco, Michigan presents a unique investment opportunity. Comprising two parcels totaling 20 acres, this property boasts excellent accessibility and visibility. Parcel One, approximately 5 acres, measures 322 feet of frontage and 675 feet deep, situated between 9276 and 9222 Marine City Highway, conveniently located 4 miles east of I-94 Expressway Exit (Marine City Highway). Parcel Two encompasses 15 acres with Meldrum Road frontage, just north of 5966 Meldrum Road, featuring 247.50 feet of frontage and a depth of 2640 feet. The 15-acre parcel adjoins the 5-acre parcel at its southwest corner. The combined parcels offer significant development potential, given their size and strategic location. The property's APN numbers are 74-12-033-3008-100 and 74-12-033-3006-000. The asking price is $610,000, with combined 2024 property taxes totaling $758.36. This property is ideal for a variety of commercial uses and represents a compelling investment in a desirable location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Casco
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.6708
    Latitude
    42.723

    Comparable in this City

    • Value Estimation by Request
      13.59 Acres

      Marine City Hwy

      Land
      0 Marine City Hwy, Casco, MI 48064
      View Details
    • Value Estimation by Request
      5.00 Acres

      7671 Fred W Moore Hwy

      Land
      7671 Fred W Moore Hwy, Casco, MI 48064
      View Details
    • Value Estimation by Request
      1.96 Acres

      Gratiot Ave

      Land
      0 Gratiot Ave, Casco, MI 48064
      View Details
    • Value Estimation by Request
      10.80 Acres

      10963 Gratiot Ave

      Land
      10963 Gratiot Ave, Casco, MI 48064
      View Details
    • Value Estimation by Request
      16,150 SF

      Marine City Hwy

      Land
      0 Marine City Hwy, Casco, MI 48064
      View Details
    • Value Estimation by Request
      1.47 Acres

      3015 Palms Rd

      Lifestyle centers
      3015 Palms Rd, Casco, MI 48064
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Casco

      Land available for sale in Casco, Michigan.
      Lindsey Rd, Casco, MI 48064
      View Details
    • Contact for pricing

      Vacant Land For Sale

      Vacant land available in Casco, Michigan.
      Bethuy Rd, Casco, MI 48064
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Marine City Hwy, Casco, MI 48064
      View Details
    • $240,000
      3.88 Acres

      Flat Buildable Commercial Land

      Vacant, flat commercial land in Casco Township with convenient highway access for flexible development planning.
      Gratiot Ave, Casco, MI 48064
      View Details
    • $295,000
      31.30 Acres

      31.3 Acres of Vacant Land

      Large parcel for residential development in Casco, Michigan.
      Vacant Springborn Rd, Casco, MI 48064
      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.
    V/L Marine City Hwy
    Casco, MI 48064
    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
    V/L Marine City Hwy, Casco, MI, 48064
    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!