Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11 Janzen Dr Gaylord, MI 49735
    Back to Search
    Property profile & analytics

    11 Janzen Dr, Gaylord, MI 49735

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

    Current Use by Public Records

    • Land

    Property Details for 11 Janzen Dr

    Lot size
    0.85 lot acres
    Property type
    Land

    Description

    This exceptional 0.85-acre commercial land parcel is situated in Gaylord, Michigan, at Unit 11 Janzen Drive, within Otsego County, zip code 49735. Located at 45.0357005 latitude and -84.6090476 longitude, this property presents a unique opportunity for development. Overlooking the stunning Robert Trent Jones Masterpiece Course at Treetops, the lot boasts breathtaking views of Northern Michigan's picturesque landscape. The asking price is $29,900. This property offers convenient access to utilities, including cable and natural gas, making it ideal for immediate construction. The expansive lot size provides ample space for a variety of commercial ventures, capitalizing on the area's natural beauty and recreational opportunities. The property is classified as commercial land and is ready for development. Buyers are encouraged to conduct their own due diligence to verify all information and suitability for their intended use. This is a rare opportunity to acquire a prime commercial lot in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.609
    Latitude
    45.0357

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      5 Lk Unit Rd

      Land
      0 5 Lk Unit Rd, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      190.00 Acres

      2002 Willick Rd

      Land
      2002 Willick Rd, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      1,440 SF

      Sides Dr Unit

      Land
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      1.03 Acres

      110 Vail Ln

      Land
      110 Vail Ln, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      10.00 Acres

      654 Townline Rd

      Land
      654 Townline Rd, Gaylord, MI 49735
      View Details
    • Value Estimation by Request
      16.59 Acres

      Mcvannel Rd

      Land
      0 Mcvannel Rd, Gaylord, MI 49735
      View Details

    Similar Nearby for Sale

    • $60,000

      Landlocked Land Parcel For Sale

      Landlocked parcel with approved split, suitable for development.
      000 Hayes Tower Rd, Gaylord, MI 49735
      View Details
    • $197,000

      Land Parcel Approved for Sale

      Land parcel available for sale in Gaylord, Michigan.
      0000 Hayes Tower Rd, Gaylord, MI 49735
      View Details
    • $50,000
      10.00 Acres

      Secluded Wooded 10-Acre Parcel

      10 acres of wooded land with Black River access.
      5 Birch Run Dr, Gaylord, MI 49735
      View Details
    • $71,500
      1,440 SF

      Gaylord Retail Space - $71,500

      Prime Gaylord retail land, 1440 sq ft.
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $79,000

      Gaylord Industrial Lot - Build to Suit

      Prime Gaylord location, build-to-suit options available.
      26 Eagle Pkwy, Gaylord, MI 49735
      View Details
    • $59,000

      Gaylord Industrial Lot - Build to Suit

      Prime Gaylord location, build-to-suit options available.
      Gaylord, MI 49735
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      431 SF

      Downtown Gaylord Office/Retail Space

      Office and retail space in downtown Gaylord near I-75.
      400 W Main St, Gaylord, MI 49735
      View Details
    • $425 /Mo
      144 SF

      Office Space Near Downtown Gaylord

      Office space for lease in Gaylord, Michigan.
      1165 Elkview Dr, Gaylord, MI 49735
      View Details
    • Contact for pricing
      17,000 SF

      Downtown Gaylord Commercial Space Available

      Medical, office, and retail spaces for lease in Gaylord.
      400 W Main St, Gaylord, MI 49735
      View Details
    • $12 SF/Yr
      1,750 SF

      Versatile Commercial Space on Main

      Adaptable commercial space suitable for office, retail, or religious use.
      400 W Main St, Gaylord, MI 49735
      View Details
    • $2,800 /Mo
      Pending

      Gaylord Flex/Industrial Space Available

      3,000 SF flex/industrial space for lease in Gaylord, MI.
      1865 O'rourke Blvd, Gaylord, MI 49735
      View Details
    • $475 /Mo
      168 SF

      Office Space Near Downtown Gaylord

      Office space for lease in Gaylord, Michigan.
      1165 Elkview Dr, Gaylord, MI 49735
      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.
    11 Janzen Dr
    Gaylord, MI 49735
    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
    11 Janzen Dr, Gaylord, MI, 49735
    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!