Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    of Sashabaw Rd City Of The Vlg City of the Village of Clarkston, MI 48348

    • Land
    • 7.21 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for of Sashabaw Rd City Of The Vlg

    Lot size
    7.21 lot acres
    Property type
    Land

    Description

    This exceptional 7.21-acre commercial land parcel in Oakland County, Michigan, presents a significant investment opportunity. Located on Sashabaw Road in the City of the Village of Clarkston (zip code 48348), this property boasts a strategic position along a heavily traveled corridor extending north from I-75 to the Pine Knob Music Theater. The land is zoned OS-2 and PUD, permitting a diverse range of development options, including office, medical, hotel, retail, and senior housing. With 5.46 buildable acres, this site offers considerable flexibility for developers. The property's proximity to established businesses and amenities further enhances its appeal. A 148-unit senior living facility is located just a half-mile to the north, and numerous commercial and retail establishments are situated to the west and south. The Village of Clarkston itself is conveniently located a half-mile to the south on Sashabaw Road. The asking price is $1,900,000, translating to $263,522.89 per acre. The property's APN is 08-22-101-019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    City of the Village of Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3808
    Latitude
    42.7618

    Comparable in this City

    • Value Estimation by Request
      4.25 Acres

      3574 Clarkston Rd Vlg

      Land • 4.25 Acres
      3574 Clarkston Rd Vlg, Village of Clarkston, MI 48348
      View Details
    • Value Estimation by Request
      4.00 Acres

      Of I-75

      Land • 4.00 Acres
      0 Of I-75, Clarkston, MI 48348
      View Details
    • Value Estimation by Request
      1.09 Acres

      9768 Dixie Hwy Vlg

      Land • 3,990 SF
      9768 Dixie Hwy Vlg, Village of Clarkston, MI 48348
      View Details
    • Value Estimation by Request
      0.84 Acres

      of 0.84 Acres Ortonville Rd City Of The Vlg

      Land • 0.84 Acres
      of 0.84 Acres Ortonville Rd City Of The Vlg, City of the Village of Clarkston, MI 48348
      View Details
    • Value Estimation by Request
      63.00 Acres

      M- 15 & I-75

      Residential income homes • 63.00 Acres
      0 M- 15 & I-75, Independence charter Township, MI 48348
      View Details
    • Value Estimation by Request

      9861 Dixie Hwy City Of The Vlg

      Land
      9861 Dixie Hwy City Of The Vlg, City of the Village of Clarkston, MI 48348
      View Details

    Similar Nearby for Sale

    • $145,000

      Land for Sale

      Land available for purchase.
      7795 Fieldstone Rdg, Clarkston, MI 48348
      View Details
    • $300,000

      Land with Existing Infrastructure

      1.26 acre building site with tenant home.
      8041 Bridge Lake Rd, Clarkston, MI 48348
      View Details
    • $1,900,000
      7.21 Acres

      Clarkston Commercial Land - 7.21 Acres

      Prime Clarkston location, 7.21 acres, high traffic area.
      of Sashabaw Rd City Of The Vlg, City of the Village of Clarkston, MI 48348
      View Details
    • Contact for pricing
      1.09 Acres

      Clarkston Retail & Land Opportunity

      High-Traffic Retail Site, 3,990 SF
      9768 Dixie Hwy Vlg, Village of Clarkston, MI 48348
      View Details
    • $150,000

      Land For Sale

      Land available for purchase.
      00 Cranberry Lake Rd, Clarkston, MI 48348
      View Details
    • Contact for pricing
      63.00 Acres

      63 Acres M-15 & I-75, MI

      Prime Oakland County development land. High visibility, mixed-use potential.
      0 M- 15 & I-75, Independence charter Township, MI 48348
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,234 SF

      Clarkston Office Space For Rent

      Office spaces available in a prime Clarkston location.
      of Village Ct, Clarkston, MI 48348
      View Details
    • $924 /Mo
      2,400 SF

      Renovated Office Space in Clarkston

      Fully renovated and furnished office space with essential services included.
      7460 M E Cad Blvd, Clarkston, MI 48348
      View Details
    • $530 /Mo
      2,400 SF

      Renovated Office Space in Clarkston

      Recently renovated office space with utilities included in Clarkston, MI.
      7460 M E Cad Blvd, Clarkston, MI 48348
      View Details
    • Contact for pricing
      3,950 SF

      Clarkston Office Space For Rent

      Move-in-ready office space with excellent visibility in Clarkston, MI.
      5710 Bella Rosa Blvd, Clarkston, MI 48348
      View Details
    • Contact for pricing

      Bella Rosa Boulevard Retail Space

      Retail, parking, and automotive property for lease in Clarkston.
      5710 Bella Rosa Blvd Vlg, Clarkston, MI 48348
      View Details
    • Contact for pricing
      7,200 SF

      Clarkston Office Space For Lease

      7,200 SF office space available in Clarkston, Michigan.
      10435 Ortonville Rd, Clarkston, MI 48348
      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.
    of Sashabaw Rd City Of The Vlg
    City of the Village of Clarkston, MI 48348
    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

    Google sign-in failed. Please try again or use another login method.