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    Oakville Waltz Rd Carleton, MI 48164
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    Oakville Waltz Rd Carleton, MI 48164

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    • Land
    • 8.00 lot acres
    For Sale
    $299,900
    View Listing →
    Oakville Waltz: 8-Acre Development Site For Sale
    $299,900

    Oakville Waltz: 8-Acre Development Site

    Prime Commercial/Residential Land, $299,900

    Ash Township, MI 48164
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Oakville Waltz Rd

    Lot size
    8.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carleton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4309
    Latitude
    42.0876

    Comparable in this City

    • Value Estimation by Request
      24.98 Acres

      38615 Willow Rd

      Land • 24.98 Acres
      38615 Willow Rd, Huron Charter Township, MI 48164
      View Details
    • Value Estimation by Request
      128.00 Acres

      Wahrman Rd And Sibley Rd

      Land • 128.00 Acres
      0 Wahrman Rd And Sibley Rd, Huron Charter Township, MI 48164
      View Details
    • Value Estimation by Request
      0.87 Acres

      Vac Ash Rd

      Land • 0.87 Acres
      0 Vac Ash Rd, Huron Charter Township, MI 48164
      View Details
    • Value Estimation by Request
      84.50 Acres

      Oakville Waltz Rd

      Land • 84.50 Acres
      0 Oakville Waltz Rd, Carleton, MI 48164
      View Details
    • Value Estimation by Request
      5.00 Acres

      34595-34887 Sibley Rd

      Farms • 5.00 Acres
      34595-34887 Sibley Rd, Huron Charter Township, MI 48164
      View Details
    • Value Estimation by Request
      7.74 Acres

      7.74 Acres On Pennsylvania Rd

      Land • 7.74 Acres
      0 7.74 Acres On Pennsylvania Rd, Romulus, MI 48164
      View Details

    Similar Nearby for Sale

    • $299,900
      8.00 Acres

      Oakville Waltz: 8-Acre Development Site

      Prime Commercial/Residential Land, $299,900
      0 Oakville Waltz Rd, Carleton, MI 48164
      View Details
    • Contact for pricing

      Land Available Near I-275

      5-50+/- acres available for sale near I-275 in New Boston.
      34595-34887 Sibley Rd, New Boston, MI 48164
      View Details
    • Contact for pricing

      Land Available For Sale

      7.74 acres of land available for sale.
      7.74 Acres On Pennsylvania Rd, New Boston, MI 48164
      View Details
    • $92,400
      Pending

      Land For Sale

      Land available in New Boston, MI.
      26055 Martinsville Rd, New Boston, MI 48164
      View Details
    • Contact for pricing

      34595-34887 Sibley Rd, New Boston, MI 48164

      Land
      34595-34887 Sibley Rd, New Boston, MI 48164
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,936 SF

      Commerce Drive Warehouse Space

      7,936 square foot warehouse space available for rent.
      17612 Commerce Dr, New Boston, MI 48164
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      249,600 SqFt industrial space available for rent.
      35058 Prescott St, New Boston, MI 48164
      View Details
    View Listing
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    Oakville Waltz Rd
    Carleton, MI 48164
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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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