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    Davison Rd Davison, MI 48423

    • Lifestyle centers
    • 148.00 lot acres
    For Sale
    View listing
    $1,649,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Davison Rd

    Lot size
    148.00 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 148-acre parcel in Davison, Michigan, presents a remarkable development opportunity. Located in Genesee County, with the address of Davison Rd, zip code 48423, and situated conveniently north of Davison Road and east of State Road, this property boasts significant frontage: 1,781 feet on Davison Road and 2,273 feet on Henderson Road. Zoned RU-1 Residential Urban, allowing for single-family residential development with up to three units per acre, this land offers substantial potential for residential construction. The property's APN is 05-02-400-005. Utilities are readily accessible, with water available on both Davison and Henderson Roads, and sewer available on Davison Road. The location within the Davison School District adds to its appeal. Priced at $1,649,900 ($11,485 per acre), this expansive tract represents a compelling investment for developers seeking a prime location for a large-scale residential project. The property is classified as Land and Retail, specifically a Shopping Center and Residential Land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Davison
    County
    Genesee
    State
    Michigan
    Longitude
    -83.528
    Latitude
    43.0345

    Comparable in this City

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      2.55 Acres

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      803-837 State Rd

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      8427 Davison Rd

      Lifestyle centers • 41,032 SF
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      1208 Irish Rd

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      1208 Irish Rd, Davison, MI 48423
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      2.57 Acres

      I-69 & Irish Rd

      Restaurants • 5,600 SF
      0 I-69 & Irish Rd, Davison, MI 48423
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    • Value Estimation by Request
      2.57 Acres

      I-69 & Irish Rd

      Restaurants • 5,600 SF
      0 I-69 & Irish Rd, Davison, MI 48423
      View Details

    Similar Nearby for Sale

    • $1,649,900
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      Davison, MI: 148 Acres

      Prime Davison land, ideal development.
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      Davison Commercial Land - 2 Acres

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    Similar Nearby for Lease

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      Davison Retail Center - For Lease

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      Davison Retail Space For Lease

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    • $5,000 /Mo

      Prime Commercial Parcel For Lease

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    • $2,000 /Mo

      Retail Space in High-Traffic Area

      Retail space for lease in a high-traffic location.
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    • $950 /Mo
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      Charming Davison 1-Bedroom Lease

      Cozy 1-bedroom, 1-bathroom unit in Davison, MI available for lease.
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    • $4,000 /Mo
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      Davison Medical Office For Rent

      Move-in ready medical suite in high-traffic Davison Township corridor.
      1260 N Irish Rd, Davison, MI 48423
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    Davison Rd
    Davison, MI 48423
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    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
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