Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bishop Hwy Dimondale, MI 48911
    Back to Search
    Property profile & analytics

    Bishop Hwy, Dimondale, MI 48911

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

    Current Use by Public Records

    • Land

    Property Details for 0 Bishop Hwy

    Lot size
    149.96 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 149.96-acre parcel, located on Bishop Highway in Dimondale, Michigan (zip code 48911), presents a unique opportunity for diverse commercial, industrial, or residential development. Currently utilized as farmland, this expansive property offers significant potential for a variety of projects. The land is conveniently situated just outside the city of Lansing, providing easy access to a thriving urban center while maintaining a desirable location. Its strategic proximity to the Interstate 96 freeway interchange ensures excellent connectivity and accessibility for businesses and residents alike. The property's APN is 080-012-300-081-00. The asking price is $1,475,000, translating to a land value of $9,835.95 per acre. This represents a compelling investment opportunity given the size, location, and development potential of this significant landholding in Eaton County, Michigan. The property's versatility allows for a wide range of development possibilities, making it an attractive prospect for both large-scale and smaller-scale projects. Serious inquiries are encouraged to explore the full potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dimondale
    County
    Eaton
    State
    Michigan
    Longitude
    -84.6151
    Latitude
    42.6621

    Comparable in this City

    • Value Estimation by Request
      10.30 Acres

      Waverly Rd

      Land
      0 Waverly Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      21.82 Acres

      6280 Bishop Rd

      Land
      6280 Bishop Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      11.00 Acres

      Lansing MI Washington Ave

      Land
      Lansing MI Washington Ave, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      2.60 Acres

      Eaton Rapids Rd

      Land
      0 Eaton Rapids Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      2.78 Acres

      2600 Miller Rd

      Land
      2600 Miller Rd, Lansing, MI 48911
      View Details
    • Value Estimation by Request
      0.95 Acres

      438 Edgewood Blvd

      Land
      438 Edgewood Blvd, Lansing, MI 48911
      View Details

    Similar Nearby for Sale

    • $145,000
      1,456 SF

      Lansing Industrial Property: Great Investment

      1,456 sq ft industrial building on 0.21 acres.
      5214 Pennsylvania Ave, Lansing, MI 48911
      View Details
    • $209,900

      Established Multifamily Property in Lansing

      Multifamily property built in 1970 with recent upgrades.
      1006 Attwood Dr, Lansing, MI 48911
      View Details
    • $218,000
      26.00 Acres

      Lansing Duplex with New Roof

      Well-maintained duplex in Lansing, tenants pay all utilities.
      4400 Chadburne Dr, Lansing, MI 48911
      View Details
    • $485,000

      Commercial Warehouse Building For Sale

      Commercial/warehouse building with open space and office, accessible from I-96.
      5321 S Pennsylvania Ave, Lansing, MI 48911
      View Details
    • Contact for pricing
      Pending

      Lansing Flex Space For Sale

      3321 SF flex space available in Lansing, Michigan.
      814 N Washington Ave, Lansing, MI 48911
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      3,586 SF

      Ingham County Office Space Available

      Modern Office Suites, Flexible Sizes
      5601 Enterprise Dr, Lansing, MI 48911
      View Details
    • Contact for pricing

      Warehouse with Renovated Office Space

      51,970 SF warehouse with 8,452 SF renovated office.
      5522 N Aurelius Rd, Lansing, MI 48911
      View Details
    • Contact for pricing

      Redeveloped Commercial/Industrial Space Available

      Former Sam's Club redeveloped for multiple tenants.
      340 E Edgewood Blvd, Lansing, MI 48911
      View Details
    • Contact for pricing

      Move-in Ready Warehouse/Office Space

      Warehouse/office space in South Lansing's Midway Industrial Park.
      5643 Enterprise Dr, Lansing, MI 48911
      View Details
    • Contact for pricing

      Lansing Office Park Office Space

      Professional office space in Lansing, convenient location.
      4169 Legacy Pkwy, Lansing, MI 48911
      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.
    Bishop Hwy
    Dimondale, MI 48911
    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
    Bishop Hwy, Dimondale, MI, 48911
    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!