Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd M-72 Williamsburg, MI 49690
    Back to Search
    Property profile & analytics

    Tbd M-72 Williamsburg, MI 49690

    View on Map
    • Retail properties & Spaces
    • 0.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Tbd M-72

    Lot size
    0.83 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 0.83-acre commercial parcel presents a prime development opportunity in the thriving Williamsburg, MI area. Boasting 155 feet of frontage on M-72 and situated just 400 feet east of the US-31 intersection, this flat, buildable lot enjoys unparalleled visibility and accessibility. The property benefits from a high daily traffic count of 16,437 vehicles, ensuring maximum exposure for any commercial venture. Its strategic location places it in close proximity to major attractions and amenities, including the Grand Traverse Resort, Meijer, Turtle Creek Casino, and Flintfields Horse Park, a renowned equestrian destination. The C-Corridor Commercial zoning allows for a diverse range of uses, encompassing retail, restaurant, office, mixed-use, and multifamily developments. A drive-thru option is available as a special use permit. Infrastructure is already in place, with an existing M-72 curb cut and convenient rear access from Huffman Road. An existing billboard on the property generates additional income potential, or can be removed upon obtaining a building permit. This is a rare opportunity to acquire a highly desirable development site in a rapidly growing area with exceptional visibility and access. Don't miss this chance to capitalize on the significant potential of this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.5005
    Latitude
    44.7735

    Comparable in this City

    • Value Estimation by Request

      5766 Us-31

      Individual retail properties
      5766 Us-31, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request
      6,912 SF

      3939 M 72nd E

      DEPARTMENT STORE • 6,912 SF
      3939 M 72nd E, Williamsburg, MI 49690-9359
      View Details
    • Value Estimation by Request

      5961 Oslo St

      Lifestyle centers
      5961 Oslo St, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request
      2,560 SF

      8227 Old State Hwy

      Automotive properties • 2,560 SF
      8227 Old State Hwy, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request
      17,980 SF

      7007 M 72nd E

      DEPARTMENT STORE • 17,980 SF
      7007 M 72nd E, Williamsburg, MI 49690-9333
      View Details
    • Value Estimation by Request
      196,794 SF

      4900 M 72nd E

      DEPARTMENT STORE • 196,794 SF
      4900 M 72nd E, Williamsburg, MI 49690-9455
      View Details

    Similar Nearby for Sale

    • $12,900,000
      1,780 SF

      Resort and Multifamily Investment Opportunity

      Scandinavian-inspired resort near Grand Traverse Bay with income-generating assets.
      5961 E Oslo St, Williamsburg, MI 49690
      View Details
    • $795,000
      2,800 SF

      Versatile Commercial Property on US-31

      Commercial property with frontage on US-31, south of Elk Rapids.
      11428 S Us Highway 31, Williamsburg, MI 49690
      View Details
    • $14,900,000
      1,780 SF

      a rare investment opportunity in one of Michigan\u00c3\u0083\u00c2\u00a2\u00c3\u00a2?\u00c2\u00ac\u00c3\u00a2?\u00c2\u00a2s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape

      situated just a \u00c3\u0083?\u00c3\u0082\u00c2\u00bc mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI\u00c3\u0083\u00c2\u00a2\u00c3\u00a2?\u00c2\u00ac\u00c3\u00a2?\u00c2\u00a2s unique design and location make it the ideal spot for everything from quiet getaways to family vacations
      5961 Oslo, Williamsburg, MI 49690
      View Details
    • $2,100,000
      0.65 Acres

      Historic Waterfront Estate on Bay

      Waterfront property with private beach near Traverse City.
      3929 Bay Valley Dr, Williamsburg, MI 49690
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Acme End Cap Unit

      End cap unit suitable for retail, office, or restaurant.
      5700 Us Highway 31 N, Williamsburg, MI 49690
      View Details
    • $2,145 /Mo

      Office Space with High Visibility

      Office space featuring ample parking, natural light, and accessibility.
      6170 Us Highway 31 N, Williamsburg, MI 49690
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space with high visibility and ample parking.
      6170 Us Highway 31, Williamsburg, MI 49690
      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.
    Tbd M-72
    Williamsburg, MI 49690
    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
    Tbd M-72, Williamsburg, MI, 49690
    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!