Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    M-59 Of Clark Rd Hartland, MI 48353

    • Land
    • 4.13 lot acres
    For Sale
    View listing
    $1,700,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for M-59 Of Clark Rd

    Lot size
    4.13 lot acres
    Property type
    Land

    Description

    This exceptional 4.13-acre commercial land parcel presents a remarkable investment opportunity in Hartland, Michigan. Strategically located on M-59, just east of Clark Road, this property boasts outstanding frontage and visibility, ensuring maximum exposure for any commercial venture. The site is zoned for General Commercial use, offering a wide range of development possibilities. With its prime location within Hartland's thriving commercial corridor, this property is ideally suited for businesses seeking high traffic and excellent accessibility. The parcel's size provides ample space for a variety of projects, from retail establishments to office buildings or other commercial developments. The property's address is M-59 East of Clark Road, Hartland, MI 48353, and its APN is 08-22-300-053. The asking price for this exceptional opportunity is $1,700,000. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. This is a rare opportunity to secure a prominent location in a sought-after commercial zone.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartland
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7389
    Latitude
    42.6417

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Highland Rd

      Land • 1.00 Acre
      0 Highland Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.24 Acres

      10100 Highland Rd

      Land • 1.24 Acres
      10100 Highland Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request

      Nec M-59 & Fenton Rd

      Land
      0 Nec M-59 & Fenton Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.59 Acres

      Nec M-59 & Us-23

      Land • 1.59 Acres
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.04 Acres

      Nec M-59 & Us-23

      Land • 1.04 Acres
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Value Estimation by Request

      59 Us-23

      Land
      59 Us-23, Hartland, MI 48353
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.59 Acres

      Hartland Towne Square Land Parcels

      Prime Commercial Land, Hartland, MI
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • $1,700,000
      4.13 Acres

      Hartland Commercial Land - M-59

      Prime 4.13-acre commercial lot. High visibility.
      M-59 Of Clark Rd, Hartland, MI 48353
      View Details
    • $1,995,000
      1.00 Acre

      Hartland Commercial Land Investment

      High-traffic Hwy 1 land, owner financing possible.
      0 Highland Rd, Hartland, MI 48353
      View Details
    • Contact for pricing
      1.04 Acres

      Hartland Towne Square Commercial Land

      Prime Commercial Land, Hartland, MI. High-traffic location.
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Contact for pricing
      1.00 Acre

      Old Us 23

      Land • 1.00 Acre
      0 Old Us 23, Howell, MI 48353
      View Details
    • New
      $499,000
      20.50 Acres

      Hartland Twp Multi-Family Investment

      20-acre property with two updated rental units.
      11401/11425 Hibner Rd, Hartland Twp, MI 48353
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Pad Sites Available

      Land available for lease near a popular grocer.
      Hartland Rd, Hartland, MI 48353
      View Details
    • $18 SF/Yr
      40,278 SF

      Hartland Retail Center - For Lease

      Prime Retail Space Available in Hartland, MI
      10002-10112 Highland Rd, Hartland, MI 48353
      View Details
    • Contact for pricing
      4,697 SF

      10587 Highland Rd

      Restaurants • 4,697 SF
      10587 Highland Rd, Hartland, MI 48353
      View Details
    • Contact for pricing
      1,531 SF

      Meijer In-Store Retail Space

      High-traffic retail space available.
      2160 Hartland Rd, Hartland, MI 48353
      View Details
    • $1.00 SF/Yr
      14,600 SF

      Hartland Pointe Plaza Retail Space

      Thriving, nationally anchored shopping center with retail spaces for lease.
      11325 E Highland Rd, Hartland, MI 48353
      View Details
    • $12 SF/Yr
      1,180 SF

      Hartland Office Space For Rent

      Office space available now in Hartland, Michigan.
      3552 Avon St, Hartland, MI 48353
      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.
    M-59 Of Clark Rd
    Hartland, MI 48353
    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

    Google sign-in failed. Please try again or use another login method.