Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Acres Mixed Use Thompson & Torrey Rd Fenton Township, MI 48430
    Property profile & analytics

    15 Acres Mixed Use Thompson & Torrey Rd, Fenton Township, MI 48430

    View on Map
    • Retail properties & Spaces
    • 25,000 SF
    • 15.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 15 Acres Mixed Use Thompson & Torrey Rd

    Lot size
    15.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 15-acre mixed-use development opportunity in Fenton Township, Michigan, presents a unique investment prospect. The property, located at the hard corner of Thompson & Torrey Roads, boasts a preliminary layout encompassing a 133-unit multifamily complex and approximately 25,000 square feet of retail space. Zoned PUD/Mixed-Use with a Thompson Road Overlay, this site offers significant flexibility for development. The asking price is $2,999,999, translating to $120 per square foot. Convenient freeway access via US-23 enhances its appeal. Infrastructure is in place, with newly installed (2023) water and sewer lines. The property's advantageous location next to Lake Fenton High School provides a strong demographic draw. The parcel number is 06-02-100-001, and the property is situated in Genesee County, Michigan, with a zip code of 48430. This prime location, combined with its substantial size and versatile zoning, makes this a compelling opportunity for developers seeking a high-impact project in a thriving community. The existing preliminary plans provide a solid foundation for immediate development, minimizing upfront planning costs. This is a rare chance to acquire a large, well-situated parcel ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fenton Township
    County
    Genesee
    State
    Michigan
    Longitude
    -83.7293
    Latitude
    42.8629

    Comparable in this City

    • Value Estimation by Request
      1,376 SF

      300 Adelaide St

      Multifamily properties
      300 Adelaide St, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      185.00 Acres

      Thompson Rd

      Individual retail properties
      0 Thompson Rd, Fenton Township, MI 48430
      View Details
    • Value Estimation by Request
      40.00 Acres

      1063 Tinsman Rd

      Farms
      1063 Tinsman Rd, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      2,697 SF

      126 Leroy St

      Restaurants
      126 Leroy St, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      205.01 Acres

      23 & White Lk Rd

      Land
      23 & White Lk Rd, Fenton, MI 48430
      View Details
    • Value Estimation by Request
      4.65 Acres

      and Old US-23 Dean Rd

      Land
      and Old US-23 Dean Rd, Fenton, MI 48430
      View Details

    Similar Nearby for Sale

    • $1,551,000
      5,184 SF

      Stabilized Multifamily Community in Fenton

      12-unit apartment community with immediate cash flow and growth potential.
      13366 North Rd, Fenton, MI 48430
      View Details
    • $47,999

      Vacant Land in Fenton

      Vacant land located at the corner of Locust and Lakeshore.
      10510 Lake Shore Dr, Fenton, MI 48430
      View Details
    • $250,000

      22.5 Acres Vacant Land

      22.5 acres of vacant land in prime location.
      15000 North Rd, Fenton, MI 48430
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      and Old US-23 Dean Rd, Fenton, MI 48430
      View Details
    • $150,000
      118,048 SF

      Land For Sale

      Land available for sale.
      23 Grand Summit Dr, Fenton, MI 48430
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      1,734 SF

      Restored Fenton Commercial Building

      Renovated 1,734 SF commercial building in Fenton's business district.
      16237 Jennings Rd, Fenton, MI 48430
      View Details
    • $2,000 /Mo

      Versatile Commercial Space For Rent

      950 SF space suitable for fitness, salon, or office.
      1495 Dauner Rd, Fenton, MI 48430
      View Details
    • Contact for pricing
      5,160 SF

      Retail Space in Fenton Center

      5,160 SF retail space available in Fenton, Michigan.
      18055-18099 Silver Pkwy, Fenton, MI 48430
      View Details
    • Contact for pricing
      1,721 SF

      Retail Spaces on Silver Lake Road

      Retail spaces available in Fenton's busiest shopping district.
      3090-3190 W Silver Lake Rd, Fenton, MI 48430
      View Details
    • Contact for pricing

      Retail Space on Silver Lake

      Retail spaces available in Fenton's busiest shopping district.
      3100-3210 Silver Lake Rd, Fenton, MI 48430
      View Details
    • $22 SF/Yr

      Retail Space in Fenton Center

      5,160 SF retail space available in Fenton Shopping Center.
      18099 Silver Pkwy, Fenton, MI 48430
      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.
    15 Acres Mixed Use Thompson & Torrey Rd
    Fenton Township, MI 48430
    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
    15 Acres Mixed Use Thompson & Torrey Rd, Fenton Township, MI, 48430
    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!