Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    73636 Mckay Rd Bruce Twp, MI 48065
    Back to Search
    Property profile & analytics

    73636 Mckay Rd Bruce Twp, MI 48065

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

    Current Use by Public Records

    • Land

    Property Details for 73636 Mckay Rd

    Lot size
    40.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 40-acre property in Macomb County, Michigan, presents a unique investment opportunity. Located at 73636 McKay Rd, Bruce Twp, MI 48065, this land boasts a desirable location on a paved road, offering convenient access while maintaining a serene country setting. The property is zoned for residential use, providing flexibility for future development. The land itself is a blend of cleared farmland ideal for agricultural pursuits and wooded areas perfect for hunting and recreational activities. A barn is situated on the property, adding potential for various uses. The asking price is $1,449,900, translating to $36,247.50 per acre. The property's APN is 0124300001. Enjoy the gorgeous views of the woods and the peacefulness of this sanctuary, yet remain minutes from city amenities. This expansive parcel offers a rare combination of commercial, agricultural, and recreational potential, making it an attractive investment for a variety of uses. The property features a drive-through front gate, enhancing privacy and security. This is a truly remarkable opportunity to own a significant piece of land in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bruce Twp
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9981
    Latitude
    42.8376

    Comparable in this City

    • Value Estimation by Request
      80.34 Acres

      30 4 Mile Rd

      Land • 80.34 Acres
      0 30 4 Mile Rd, Bruce TW, MI 48065
      View Details
    • Value Estimation by Request
      6.40 Acres

      71255 Mckay Rd

      Land • 6.40 Acres
      71255 Mckay Rd, Romeo, MI 48065
      View Details
    • Value Estimation by Request
      3.21 Acres

      25 Beaver Crk Dr

      Land • 3.21 Acres
      25 Beaver Crk Dr, Beaver Creek, MI 48065
      View Details
    • Value Estimation by Request
      7.50 Acres

      15523 32 Mile Rd

      Land • 7.50 Acres
      15523 32 Mile Rd, Romeo, MI 48065
      View Details
    • Value Estimation by Request
      4.94 Acres

      15130 33 Mile Rd

      Flex space • 58,588 SF
      15130 33 Mile Rd, Armada, MI 48065
      View Details
    • Value Estimation by Request
      1.29 Acres

      M-53

      Land • 1.29 Acres
      0 M-53, Romeo, MI 48065
      View Details

    Similar Nearby for Sale

    • $1,449,900

      Land For Sale

      Land available for purchase.
      73636 Mckay Rd, Romeo, MI 48065
      View Details
    • $1,699,000

      Commercial Land on Van Dyke

      Commercial land available on Van Dyke Avenue in Bruce Township.
      79363 Van Dyke Ave Rd W, Romeo, MI 48065
      View Details
    • $215,000
      5.40 Acres

      5.46 Acres Vacant Land Parcel

      5.46-acre vacant land parcel in Bruce Twp, Romeo, MI.
      Bordman Rd, Romeo, MI 48065
      View Details
    • $80,000
      1.00 Acre

      Residential Lot in Bruce Twp

      One-acre residential lot in Romeo School District.
      74022 Gould Rd, Bruce Twp, MI 48065
      View Details
    • $279,900
      2.70 Acres

      Permit Ready 2.7-Acre Lot

      2.7-acre lot ready for your dream home.
      4105 Taft Rd, Bruce Twp, MI 48065
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Industrial Space For Lease

      Newly constructed industrial space with flexible options for lease.
      70528 Korte Rd, Romeo, MI 48065
      View Details
    • $7 SF/Yr

      Refurbished Manufacturing Facility For Lease

      33,611 SF manufacturing facility with main road frontage.
      14751 32 Mile Rd, Romeo, MI 48065
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease, includes taxes, insurance, maintenance.
      14751 32 Mile Rd, Romeo, MI 48065
      View Details
    • $8 SF/Yr

      Refurbished Warehouse Space Available

      8,800 SF warehouse for lease with truckwell and ample power.
      14731 32 Mile Rd, Romeo, MI 48065
      View Details
    • $8 SF/Yr

      Warehouse Facility Near M-53

      52,600 SF warehouse space for lease near M-53.
      14761 32 Mile Rd, Romeo, MI 48065
      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.
    73636 Mckay Rd
    Bruce Twp, MI 48065
    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
    73636 Mckay Rd, Bruce Twp, MI, 48065
    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!