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    Deer Park Capac, MI 48014
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    Deer Park Capac, MI 48014

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    • Land
    • 80.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Deer Park

    Lot size
    80.00 lot acres
    Property type
    Land

    Description

    This exceptional 80-acre commercial land parcel presents a unique investment opportunity in Capac, Michigan, within St. Clair County (zip code 48014). Currently zoned for residential use, this property offers significant potential for various development projects. The land is priced at $656,000, translating to $8,208 per acre. The site boasts existing infrastructure, including readily available utilities. While previous development on the larger parcel included 24 single-family homes and 16 condo buildings with a total of 48 units, this listing focuses solely on the remaining 80 acres. This substantial acreage allows for the creation of approximately 40 single-family home lots, further expanding on the existing residential community. Additionally, the site's size and infrastructure could support the construction of approximately 250 mini self-storage units, catering to a growing market demand. The property's location in Capac, Michigan, offers convenient access to local amenities and transportation routes, making it an attractive location for residential development. This is a rare opportunity to acquire a large, well-situated parcel with significant development potential. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Capac
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.9334
    Latitude
    43.006

    Comparable in this City

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    • Value Estimation by Request
      28.00 Acres

      3283 Capac Rd

      Land • 28.00 Acres
      3283 Capac Rd, Capac, MI 48014
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    • Value Estimation by Request
      60.00 Acres

      Cor Of Capac & Donald Rds

      Land • 60.00 Acres
      0 Cor Of Capac & Donald Rds, Capac, MI 48014
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    • Value Estimation by Request
      28.00 Acres

      3283 Capac Rd

      Land • 28.00 Acres
      3283 Capac Rd, Capac, MI 48014
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    • Value Estimation by Request

      750 Hl St

      COMMERCIAL (GENERAL)
      750 Hl St, Capac, MI 48014
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    • Value Estimation by Request
      0.34 Acres

      4334 Capac Rd

      COMMERCIAL (GENERAL) • 0.34 Acres
      4334 Capac Rd, Mussey, MI 48014-3108
      View Details

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      19.03 Acres

      Recreational Land with Pond and Barn

      19.03-acre recreational land with pond, barn in St. Clair County.
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    Similar Nearby for Lease

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      Residential Development Site in Capac

      137+ acre residential development site with completed units.
      Deer Park, Capac, MI 48014
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      58,000 SF

      58,000 SF Warehouse Complex

      Warehouse complex with refrigeration or heating, 12 docks, immediate occupancy.
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    Capac, MI 48014
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    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
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