Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Froberg Rd Baraga, MI 49908
    Back to Search
    Property profile & analytics

    Tbd Froberg Rd Baraga, MI 49908

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

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Froberg Rd

    Lot size
    80.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 80-acre property in Baraga County, Michigan, presents a unique opportunity for outdoor enthusiasts and investors. Located on TBD Froberg Rd, Baraga, MI 49908 (46.8369985, -88.6053667), this agricultural land is zoned for agricultural use. The parcel boasts a diverse landscape, featuring a blend of woodlands and wetlands, creating a rich and varied habitat ideal for hunting a wide range of game species. The property's strategic location offers convenient access to nearby amenities. Hunters will appreciate the abundant wildlife and challenging terrain. The property's proximity to the casino, shopping, and dining options in Keweenaw Bay adds to its appeal, providing easy access to conveniences and entertainment. This is an excellent investment opportunity for those seeking a recreational retreat or a strategic land acquisition in a desirable location. The asking price for this remarkable 80-acre parcel is $100,000. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baraga
    County
    Baraga
    State
    Michigan
    Longitude
    -88.6054
    Latitude
    46.837

    Comparable in this City

    • Value Estimation by Request

      Baraga, MI 49908

      COMMERCIAL (GENERAL)
      Baraga, MI 49908
      View Details
    • Value Estimation by Request
      80.00 Acres

      Baraga, MI 49908

      INDUSTRIAL (GENERAL) • 80.00 Acres
      Baraga, MI 49908
      View Details
    • Value Estimation by Request
      1.11 Acres

      150 Us Hwy 41st S

      COMMERCIAL (GENERAL) • 1.11 Acres
      150 Us Hwy 41st S, Baraga, MI 49908-9789
      View Details
    • Value Estimation by Request
      0.65 Acres

      14248 Us Hwy 41

      COMMERCIAL (GENERAL) • 0.65 Acres
      14248 Us Hwy 41, Baraga, MI 49908-9067
      View Details
    • Value Estimation by Request

      430 Us Hwy 41st S

      COMMERCIAL (GENERAL)
      430 Us Hwy 41st S, Baraga, MI 49908-9670
      View Details
    • Value Estimation by Request
      0.44 Acres

      150 Us Hwy 41st S

      COMMERCIAL (GENERAL) • 0.44 Acres
      150 Us Hwy 41st S, Baraga, MI 49908-9789
      View Details

    Similar Nearby for Sale

    • $38,500
      10.00 Acres

      Wooded 10-Acre Parcel in Baraga

      10-acre wooded parcel with utilities ready for your dream build.
      Bellaire Rd, Baraga, MI 49908
      View Details
    • New
      Contact for pricing
      40.00 Acres

      Secluded 40-Acre Wilderness Parcel

      Secluded 40-acre parcel near Lake Superior in Baraga, MI.
      Near Gristmill Rd, Baraga, MI 49908
      View Details
    • $85,000
      37.00 Acres

      37 Acres in Baraga, Michigan

      37 acres of land with utilities in Baraga, Michigan.
      12549 M38 Hwy, Baraga, MI 49908
      View Details
    • $34,900
      3.62 Acres

      Baraga County Acreage Ready To Go

      3.62 acres of attractive rolling land in Baraga County.
      16130 Bellaire Rd, Baraga, MI 49908
      View Details
    • $100,000
      80.00 Acres

      80 Acres Hunting Land Baraga

      Prime hunting land near casino, shopping, dining, and Keweenaw Bay.
      Tbd Froberg Rd, Baraga, MI 49908
      View Details
    • New
      $39,900
      9.88 Acres

      Baraga, MI 10-Acre Retreat

      10 acres in Michigan's Upper Peninsula, recreational paradise.
      15169 Bellaire Rd, Baraga, MI 49908
      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.
    Tbd Froberg Rd
    Baraga, MI 49908
    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
    Tbd Froberg Rd, Baraga, MI, 49908
    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!