Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7339 Dockery Hl Ln Williamsburg, MI 49690
    Back to Search
    Property profile & analytics

    7339 Dockery Hl Ln Williamsburg, MI 49690

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

    Current Use by Public Records

    • Land

    Property Details for 7339 Dockery Hl Ln

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    Own a magnificent 5-acre corner lot in the desirable Dockery Hills development, Williamsburg, Michigan (49690). This secluded, beautifully wooded property boasts a spectacular north-facing view of surrounding state land. The mostly level to rolling topography is ideal for a custom home with expansive windows and a walk-out basement. Utilities are readily available, including underground electricity, high-speed fiber optic internet, and natural gas. Enjoy the convenience of direct hookups, making construction seamless. Not ready to build immediately? Utilize the property for recreational purposes, with camping permitted up to 180 days annually. Outbuildings, up to 2400 square feet, are permitted, perfect for storing RVs, boats, ATVs, and other recreational equipment. Easy bank financing is available. Located just two miles south of M-72, Dockery Hills offers a peaceful, natural setting while maintaining proximity to area amenities. Enjoy direct access to state land and recreational trails, privately maintained blacktop roads, and the peace of mind knowing your property is surrounded by thousands of acres of protected state land. This exceptional property presents an unparalleled opportunity to create your Northern Michigan getaway. The asking price is $229,900. The property is ready for a quick close, within 30 days or less. Access the property via M-72 to Dockery Road South (approximately 2 miles); the lot is on the east side of the road.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamsburg
    County
    Kalkaska
    State
    Michigan
    Longitude
    -85.3205
    Latitude
    44.7612

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      7061 Dockery Hl Ln

      Land • 5.00 Acres
      7061 Dockery Hl Ln, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request
      0.83 Acres

      M M-72

      Land • 0.83 Acres
      0 M M-72, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request

      5961 Oslo St

      Lifestyle centers
      5961 Oslo St, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request

      6500 Traverse Bay Dr, Unit 130

      CAMPGROUND, RV PARK
      6500 Traverse Bay Dr, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request

      6500 Traverse Bay Dr, Unit 164

      CAMPGROUND, RV PARK
      6500 Traverse Bay Dr, Williamsburg, MI 49690
      View Details
    • Value Estimation by Request

      6500 Traverse Bay Dr, Unit 24

      CAMPGROUND, RV PARK
      6500 Traverse Bay Dr, Williamsburg, MI 49690
      View Details

    Similar Nearby for Sale

    • $3,500,000
      12.01 Acres

      Equestrian Land Near Flintfields Horse

      12.1-acre vacant parcel in premier equestrian community.
      6495 Idle Dice Dr, Williamsburg, MI 49690
      View Details
    • $185,000

      Secluded Land Near Traverse City

      5.85-acre property near M-72 with recreation access.
      3383 NW Dockery Rd, Williamsburg, MI 49690
      View Details
    • $69,900

      Vacant Land in Traverse City

      Vacant land with creek, close to recreation and amenities.
      4715 Springbrook Dr, Williamsburg, MI 49690
      View Details
    • $375,000
      20.40 Acres

      20.4 Acre Lot Near Flintfields

      20.4 acre lot with development potential near Flintfields Horse Park.
      000 Bennett Rd, Williamsburg, MI 49690
      View Details
    • $674,900

      Versatile Property with Development Potential

      Income-generating duplex with light industrial zoning and development opportunities.
      7075 E M 72, Williamsburg, MI 49690
      View Details
    • $4,900,000
      9.00 Acres

      KOTI Resort Multifamily Development Opportunity

      9-acre parcel with site plan for 146 units.
      5961 E Oslo St, Williamsburg, MI 49690
      View Details

    Similar Nearby for Lease

    • $2,145 /Mo

      Office Space with High Visibility

      Office space featuring ample parking, natural light, and accessibility.
      6170 Us Highway 31 N, Williamsburg, MI 49690
      View Details
    • $3,500 /Mo

      Acme End Cap Unit

      End cap unit suitable for retail, office, or restaurant.
      5700 Us Highway 31 N, Williamsburg, MI 49690
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space with high visibility and ample parking.
      6170 Us Highway 31, Williamsburg, MI 49690
      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.
    7339 Dockery Hl Ln
    Williamsburg, MI 49690
    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
    7339 Dockery Hl Ln, Williamsburg, MI, 49690
    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!