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    10685 Dixie Hwy Davisburg, MI 48350
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    10685 Dixie Hwy, Davisburg, MI 48350

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

    Current Use by Public Records

    • Land

    Property Details for 10685 Dixie Hwy

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 4-acre commercial land parcel in Oakland County, Michigan, presents a unique investment opportunity. Located at 10685 Dixie Hwy, Davisburg, MI 48350, this property boasts a highly visible location with convenient access to I-75, offering significant potential for various commercial developments. The asking price is $1,577,777, translating to $329,261.36 per acre. The property's value is significantly enhanced by its size and high-profile location. Its strategic positioning near I-75 makes it ideal for a wide range of commercial ventures, including, but not limited to, hotels, luxury apartments, or other high-impact developments. The property's APN is 07-03-177-007. This offering includes contiguous properties at 10671, 10665, 10655, and 10645 Dixie Highway, providing a substantial combined land area. There is also the option to purchase an additional 4 acres at 10655 Dixie Highway. This prime location and substantial acreage make this an exceptional opportunity for discerning investors seeking a high-impact commercial development project in a desirable Oakland County location. The seller is motivated.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Davisburg
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5029
    Latitude
    42.7837

    Comparable in this City

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      4.40 Acres

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      10764 Dixie Hwy, SPRINGFLD Township, MI 48350
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      30.00 Acres

      11770 Shaffer Rd

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      11770 Shaffer Rd, Davisburg, MI 48350
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      20.00 Acres

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      2.21 Acres

      10478 Enterprise Dr

      VACANT COMMERCIAL LAND
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      5.50 Acres

      Davisburg, MI 48350

      INDUSTRIAL - VACANT LAND
      Davisburg, MI 48350
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    • Value Estimation by Request
      36.45 Acres

      Davisburg, MI 48350

      INDUSTRIAL - VACANT LAND
      Davisburg, MI 48350
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      Dixie Hwy Commercial Land

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      Springfield Twp Commercial Land Available

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      12,080 SF

      Commercial Land Development Opportunity

      8.3 acres of C1-zoned commercial land for sale.
      10685 Dixie Hwy, Davisburg, MI 48350
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Davisburg Retail Building For Lease

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      10775 Dixie Hwy, Davisburg, MI 48350
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    • $2,300 /Mo
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      Freestanding Building in Davisburg, MI

      Commercial building for rent in Davisburg, Michigan.
      10775 Dixie Hwy, Davisburg, MI 48350
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    • Contact for pricing

      Retail, Restaurant, Office Space Available

      Located on Dixie Highway, great exposure, excellent visibility, ample parking.
      10785 Dixie Hwy, Davisburg, MI 48350
      View Details
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    Davisburg, MI 48350
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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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