Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dexter-Chelsea Rd Dexter, MI 48130
    Back to Search
    Property profile & analytics

    Dexter-Chelsea Rd, Dexter, MI 48130

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

    Current Use by Public Records

    • Land

    Property Details for 0 Dexter-Chelsea Rd

    Lot size
    7.01 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 7.01-acre property in Lima Township, Washtenaw County, Michigan, presents a fantastic opportunity to build a home. Located on Dexter-Chelsea Rd, near the city of Dexter (zip code 48130), this rolling parcel offers a walkout building site. The AG-2 zoning permits outbuildings. Utilities including natural gas, electricity, cable, and fiber optics are readily available. The land is suitable for a well and septic system. Enjoy the convenience of the Dexter school district, with its proximity to downtown Dexter's amenities such as shopping, restaurants, and parks. The Border to Border Trail is conveniently located across the road. Commuting to Ann Arbor and the broader metro area is easy. The property's APN is G-07-01-400-020. Asking price is $245,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dexter
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.9013
    Latitude
    42.3328

    Comparable in this City

    • Value Estimation by Request
      0.71 Acres

      7956 Grand St

      Multifamily properties
      7956 Grand St, Dexter, MI 48130
      View Details
    • Value Estimation by Request
      15.00 Acres

      Baker Rd

      Land
      0 Baker Rd, Dexter, MI 48130
      View Details
    • Value Estimation by Request
      1.94 Acres

      Dexter Ann Arbor Rd & Carrington Dr

      Individual retail properties
      0 Dexter Ann Arbor Rd & Carrington Dr, Dexter, MI 48130
      View Details
    • Value Estimation by Request
      1.94 Acres

      Dexter Ann Arbor Rd & Carrington Dr

      Land
      0 Dexter Ann Arbor Rd & Carrington Dr, Dexter, MI 48130
      View Details
    • Value Estimation by Request
      2.20 Acres

      8045 Trail Rdg

      Land
      8045 Trail Rdg, Dexter, MI 48130
      View Details
    • Value Estimation by Request
      0.45 Acres

      5th St

      VACANT COMMERCIAL LAND
      5th St, Dexter, MI 48130
      View Details

    Similar Nearby for Sale

    • $1,250,000

      37 Acres in Dexter Schools

      37 acres in Dexter School District near Ann Arbor.
      W Joy Rd, Dexter, MI 48130
      View Details
    • $1,250,000
      37.00 Acres

      37 Acres in Dexter School District

      37 acres in Dexter, MI, near parks and trails.
      Joy Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Baker Rd, Dexter, MI 48130
      View Details
    • Contact for pricing
      1,420 SF

      Upscale Condominium in Downtown Dexter

      Modern condominium with riverfront location, high-end finishes, and premium amenities.
      8180 Main St, Dexter, MI 48130
      View Details
    • $650,000
      1.82 Acres

      Commercial Land Near Freeway Exit

      Commercial land with road frontage near Pilot Truck stop.
      705 Baker Rd, Dexter, MI 48130
      View Details
    • $350,000
      2.94 Acres

      Land in Preserve Community

      Rare opportunity to build your dream home in Dexter, MI.
      4596 Lake Vista Dr, Dexter, MI 48130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1.94 Acre Outlot For Lease

      1.94 acre commercial outlot available for lease.
      Dexter Ann Arbor Rd & Carrington Dr, Dexter, MI 48130
      View Details
    • Contact for pricing

      Standalone Industrial Building Sublease Available

      Industrial building for sublease with yard and heavy power.
      800 Baker Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Dexter, Michigan.
      7001 Dexter Ann Arbor Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      Updated Office and Warehouse Space

      14,000 SF freestanding building with updated office and warehouse space.
      1100 Baker Rd, Dexter, MI 48130
      View Details
    • Contact for pricing

      26,000 SF Flex/Office Space

      Flex/office space available with drive-in door, loading dock, generators.
      7322 Newman Blvd, Dexter, MI 48130
      View Details
    • Contact for pricing
      6,000 SF

      Downtown Dexter Retail/Office Space

      Retail or office space in downtown Dexter with parking.
      8007 Main St, Dexter, MI 48130
      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.
    Dexter-Chelsea Rd
    Dexter, MI 48130
    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
    Dexter-Chelsea Rd, Dexter, MI, 48130
    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!