Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Parcel B Professional Dr Cadillac, MI 49601
    Back to Search
    Property profile & analytics

    Parcel B Professional Dr, Cadillac, MI 49601

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

    Current Use by Public Records

    • Land

    Property Details for 0 Parcel B Professional Dr

    Lot size
    1.59 lot acres
    Property type
    Land

    Description

    This 1.59-acre commercial parcel, located at Parcel B Professional Drive in Cadillac, Michigan (APN 2109-09-4402-02), is offered for $175,000. Zoned for Office Commercial Special Use, this property boasts exceptional visibility due to its location directly before the US-131 on-ramp. Its adjacency to a medical office complex makes it particularly suitable for medical facilities, government/office buildings, or even a hotel. The land fronts Business 131 and also provides access to Mackinaw Trail. This represents a unique development opportunity in a high-traffic area. The lot size is 1.59 acres. While this parcel is being offered individually, a combined 8.1-acre package with 665 feet of frontage is also available for $499,000. This prime location in Wexford County, Michigan (zip code 49601), presents a compelling investment prospect for developers seeking high-impact commercial development. The coordinates are 44.2257283 latitude and -85.398373 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.3984
    Latitude
    44.2257

    Comparable in this City

    • Value Estimation by Request
      2.96 Acres

      Parcel C Professional Dr

      Land
      0 Parcel C Professional Dr, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      0.70 Acres

      Parcel B Plett Rd

      Land
      Parcel B Plett Rd, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      1.10 Acres

      Parcel C Plett Rd

      Land
      Parcel C Plett Rd, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      2.50 Acres

      Plett Rd

      Land
      0 Plett Rd, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      5.00 Acres

      Mackinaw Trl

      Land
      0 Mackinaw Trl, Cadillac, MI 49601
      View Details
    • Value Estimation by Request
      6.72 Acres

      Cadillac Jct

      Individual retail properties
      0 Cadillac Jct, Cadillac, MI 49601
      View Details

    Similar Nearby for Sale

    • $59,900
      6.90 Acres

      Land with White Pine Frontage

      Buildable land parcel with open and wooded areas.
      39 S 39 Rd, Cadillac, MI 49601
      View Details
    • $59,900

      Land with White Pine Trail Frontage

      Buildable land parcel with open and wooded areas.
      39 39 Rd, Cadillac, MI 49601
      View Details
    • $89,000

      Pole Building Near Lake Mitchell

      Pole building with concrete floor near Lake Mitchell access.
      137 Henderson Pl, Cadillac, MI 49601
      View Details
    • $450,000
      71.92 Acres

      70 Acres Near Cadillac

      70 acre property suitable for resort or residential development.
      Business Us-131, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Land For Sale Cadillac

      Land available for purchase in Wexford County, Cadillac, Michigan.
      11178 E 48 Rd, Cadillac, MI 49601
      View Details

    Similar Nearby for Lease

    • $600 /Mo
      8,436 SF

      Cadillac Office Space For Lease

      Professional office building with individual spaces available for lease.
      2604 Sunnyside Dr, Cadillac, MI 49601
      View Details
    • $2,700 /Mo
      6,000 SF

      Cadillac Warehouse Space For Rent

      6000 SF warehouse space available for lease in Cadillac.
      291 Hanthorn St, Cadillac, MI 49601
      View Details
    • $8 SF/Yr
      3,050 SF

      Downtown Cadillac Retail/Cafe Space

      Prime downtown location with existing cafe infrastructure.
      115 N Mitchell St, Cadillac, MI 49601
      View Details
    • Contact for pricing

      Retail Space in Cadillac, MI

      Prime retail location near Cadillac Lakes and downtown Cadillac.
      602 N Mitchell St, Cadillac, MI 49601
      View Details
    • $850 /Mo

      Modern Office Spaces in Cadillac

      Newly renovated office spaces with modern amenities in prime location.
      1655 Plett Rd, Cadillac, MI 49601
      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.
    Parcel B Professional Dr
    Cadillac, MI 49601
    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
    Parcel B Professional Dr, Cadillac, MI, 49601
    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!