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    Property profile & analytics

    Cadillac Jct Cadillac, MI 49601

    • Retail properties
    • 1.37 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Cadillac Jct

    Lot size
    1.37 lot acres
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial land opportunity presents itself in the thriving city of Cadillac, Michigan, within Wexford County. Located at Cadillac Junction, this property boasts significant acreage ranging from 1.37 to 22.5 acres, providing ample space for a variety of commercial developments. The land is zoned COMMERCIAL, ensuring flexibility for diverse projects. The site benefits from readily available utilities, including public water and sewer connections, simplifying the development process and reducing upfront infrastructure costs. This strategic location in Cadillac offers excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property's size allows for substantial development potential, catering to a wide range of commercial ventures, from retail spaces and retail pads to other commercial uses. The address is Cadillac Junction, Cadillac, MI 49601. This is a rare opportunity to acquire a significant parcel of commercially zoned land in a growing Michigan community with all utilities readily available. The expansive acreage provides developers with considerable flexibility in project design and scale, making it an attractive investment for both large and small-scale commercial enterprises. The convenient location and readily available infrastructure make this property a highly desirable option for businesses seeking a prime location in Cadillac, Michigan. Serious inquiries are encouraged.

    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
    -85.4148
    Latitude
    44.3109

    Comparable in this City

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      Development Cadillac Jct

      Land • 1.37 Acres
      Development Cadillac Jct, Cadillac, MI 49601
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    Similar Nearby for Sale

    • Contact for pricing
      1.37 Acres

      Cadillac Junction Commercial Land

      Prime Commercial Land, Cadillac, MI
      0 Cadillac Jct, Cadillac, MI 49601
      View Details
    • $1,600,000
      11,440 SF

      Cadillac Retail Building - Investment Opportunity

      Former Rite Aid, 11,440 SF, Vacant, NNN Lease
      720 Mitchell St, Cadillac, MI 49601
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    • $200,000
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      Cadillac Commercial Land - 2.5 Acres

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    • $60,000
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      Cadillac Commercial Land - 0.7 Acres

      Prime Cadillac commercial lot, ready for development.
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    • Contact for pricing
      1.37 Acres

      Cadillac Commercial Land Development

      Prime Michigan acreage for development.
      Development Cadillac Jct, Cadillac, MI 49601
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    • $249,000

      Cadillac Acre: Prime Development Land

      One-acre commercial lot, high visibility, ideal for new construction.
      900 Mitchell St, Cadillac, MI 49601
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    Similar Nearby for Lease

    • Contact for pricing
      14,714 SF

      Cadillac Retail Space For Lease

      High-visibility storefront, ample parking.
      1345 Mitchell St, Cadillac, MI 49601
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    • $11 SF/Yr

      Retail Building in New Development

      Retail space for lease in a new development.
      201 Teri-Dee Blvd, Cadillac, MI 49601
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    • $5,000 /Mo

      Retail Space for Lease

      Retail space available for lease at $11 per square foot.
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    • $750 /Mo
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      Downtown Cadillac Office/Retail Space

      Modern, flexible space in vibrant Downtown Cadillac district.
      117 B St, Cadillac, MI 49601
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    • $750 /Mo
      1,600 SF

      Downtown Cadillac Office/Retail Space

      Modern, flexible office or retail space in vibrant downtown Cadillac.
      117 N Mitchell St, Cadillac, MI 49601
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    • $11 SF/Yr
      3,730 SF

      Retail Building in Cadillac, MI

      New retail building with easy access and highway commercial zoning.
      201 Teri-Dee Blvd, Cadillac, MI 49601
      View Details
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    Cadillac, MI 49601
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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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