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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Brighton Cir Grayling, MI 49738

    • Mobile home & RV parks
    • 65.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 0 Brighton Cir

    Lot size
    65.00 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Description

    This exceptional 65-acre mobile home and RV park in Grayling, Michigan, presents a compelling value-add opportunity. Currently licensed for 49 lots, the park boasts 9 long-term tenants, leaving 40 available sites. Situated conveniently near US-75, it's less than two miles from two state parks and two lakes, and just 15 minutes from Gaylord. The property includes two buildings and benefits from its proximity to a major military base, anticipating 150,000 troops. The park features its own private utilities, making it attractive to both homeowners and RVers. With 65 acres of land, there's significant potential for expansion and development. The existing infrastructure, combined with the high demand for recreational properties in this desirable location, creates a strong foundation for future growth. A separately negotiable phone tower lease adds further income potential. This is an ideal investment for a visionary entrepreneur seeking to capitalize on the substantial value-add potential of this well-positioned property. The property's APN is 040-44-029-07-030-00, 040-44-029-07-0303-01. The asking price is $995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grayling
    County
    Crawford
    State
    Michigan
    Longitude
    -84.7052
    Latitude
    44.7107

    Comparable in this City

    • Value Estimation
      $365,000
      11,480 SF

      6843 M 72nd Hwy

      MOTEL • 11,480 SF
      6843 M 72nd Hwy, Grayling, MI 49738-7463
      View Details
    • Value Estimation
      $295,000
      5,052 SF

      257 I 75th Business Loop

      MOTEL • 5,052 SF
      257 I 75th Business Loop, Grayling, MI 49738-6702
      View Details
    • Value Estimation
      $400,000
      15,499 SF

      103 Michigan Ave

      HOTEL • 15,499 SF
      103 Michigan Ave, Grayling, MI 49738-1740
      View Details
    • Value Estimation
      $465,000
      18,864 SF

      5828 Nelson A Miles Pkwy

      MOTEL • 18,864 SF
      5828 Nelson A Miles Pkwy, Grayling, MI 49738-7338
      View Details
    • Value Estimation
      $310,000
      5,039 SF

      6530 County Rd 612

      MOTEL • 5,039 SF
      6530 County Rd 612, Grayling, MI 49738-9207
      View Details
    • Value Estimation
      $395,000
      4,600 SF

      7852 Grayling Rd

      MOTEL • 4,600 SF
      7852 Grayling Rd, Grayling, MI 49738-8096
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land with Shared Creek Frontage

      Land with shared creek frontage and extensive common area amenities.
      80 Lovells Rd, Grayling, MI 49738
      View Details
    • New
      $1,200,000
      16.00 Acres

      Finley's Riverside Cabins Business Opportunity

      Established vacation rental business on 16 acres with AuSable River frontage.
      5973 W M-72 Hwy, Grayling, MI 49738
      View Details
    • New
      $899,999
      15,026 SF

      Turnkey Income Property with On-Site Living

      Diversified income property featuring apartments, motel, and commercial building.
      615 I 75 Business Loop, Grayling, MI 49738
      View Details
    • $995,000

      Grayling Multifamily Value-Add Opportunity

      Licensed for 49 lots, value-add opportunity near Au Sable River.
      4869 Brighton Cir N, Grayling, MI 49738
      View Details
    • $694,900
      Pending

      Well-Maintained Motel in Grayling, MI

      22-unit motel on 4.86 acres near I-75.
      1024 I-75 Business, Grayling, MI 49738
      View Details
    • $695,000

      Grayling Multifamily Investment Opportunity

      Multifamily property with high occupancy and $13k gross monthly income.
      78 I-75Bl, Grayling, MI 49738
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      46,820 SF

      Grayling Industrial Building Near I-75

      High-quality industrial building near I-75 in Grayling, Michigan.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • Contact for pricing
      6,657 SF

      Grayling Retail Center Opportunity

      Prime Grayling retail space, multiple units available.
      201 Ionia St, Grayling, MI 49738
      View Details
    • $5 SF/Yr
      46,820 SF

      Grayling Industrial Property For Lease

      8.5-acre manufacturing plant, 46,820 sq ft.
      758 Isenhauer Rd, Grayling, MI 49738
      View Details
    • $7 SF/Yr

      Industrial Land Near Arauco

      40+ acres for particleboard distribution, manufacturing, and production.
      4623 Young Rd, Grayling, MI 49738
      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.
    Brighton Cir
    Grayling, MI 49738
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.