Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    M-59 & Tipsico Lk Rd Hartland, MI 48353
    Back to Search
    Property profile & analytics

    M-59 & Tipsico Lk Rd Hartland, MI 48353

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

    Current Use by Public Records

    • Land

    Property Details for M-59 & Tipsico Lk Rd

    Lot size
    1.60 lot acres
    Property type
    Land

    Description

    This exceptional 1.6-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Hartland, Michigan market. Located at the hard corner of M-59 (Highland Road) and Tipsico Lake Road, this property boasts high visibility and accessibility, making it ideal for a wide range of commercial ventures. The parcel is zoned NSC, allowing for diverse development possibilities. With an APN of 08-24-400-038, this strategically positioned land offers significant potential for businesses seeking a prominent location in a thriving community. The asking price is $299,000. Situated in Livingston County, the property's address is 1.6 Acres M-59 & Tipsico Lake Rd, Hartland, MI 48353. Its geographic coordinates are latitude 42.6358794 and longitude -83.718822. The expansive lot size provides ample space for development, catering to businesses requiring significant footprint. This prime location in Hartland offers exceptional exposure to high traffic volumes, ensuring maximum visibility for any commercial enterprise. The flexible zoning regulations allow for a variety of commercial uses, making this property an attractive option for a diverse range of potential buyers. Don't miss this chance to acquire a highly desirable commercial property in a dynamic and expanding area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartland
    County
    Livingston
    State
    Michigan
    Longitude
    -83.7188
    Latitude
    42.6359

    Comparable in this City

    • Value Estimation by Request
      1.59 Acres

      Nec M-59 & Us-23

      Land • 1.59 Acres
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.00 Acre

      Highland Rd

      Land • 1.00 Acre
      0 Highland Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.24 Acres

      10100 Highland Rd

      Land • 1.24 Acres
      10100 Highland Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request

      Nec M-59 & Fenton Rd

      Land
      0 Nec M-59 & Fenton Rd, Hartland, MI 48353
      View Details
    • Value Estimation by Request
      1.04 Acres

      Nec M-59 & Us-23

      Land • 1.04 Acres
      0 Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Value Estimation by Request

      59 Us-23

      Land
      59 Us-23, Hartland, MI 48353
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Old Us 23

      Land • 1.00 Acre
      0 Old Us 23, Howell, MI 48353
      View Details
    • $149,900
      0.60 Acres

      Commercial Land in Hartland Township

      0.60 acre commercial land ready for development.
      Highland Rd, Hartland Twp, MI 48353
      View Details
    • Contact for pricing

      Hartland Vacant Land Parcels

      Vacant land parcels in Hartland Towne Square Shopping Center.
      Nec M-59 & Us-23, Hartland, MI 48353
      View Details
    • Contact for pricing

      Commercial Land Ready for Development

      Graded commercial land with detention pond and circular access.
      M-59 & Us-23, Hartland, MI 48353
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Opportunity

      Land available for lease near a popular grocer in Hartland.
      Hartland Square Dr, Hartland, MI 48353
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Hartland, Michigan.
      10002-10112 Highland Rd, Hartland, MI 48353
      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.
    M-59 & Tipsico Lk Rd
    Hartland, MI 48353
    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
    M-59 & Tipsico Lk Rd, Hartland, MI, 48353
    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!