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    10310 Hubbard Lake Rd Hubbard Lake, MI 49747

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    10310 Hubbard Lake Rd Hubbard Lake, MI 49747

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    • Commercial real estate
    • 10.99 lot acres
    Off-Market
    Property ID
    US43-3787738
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10310 Hubbard Lake Rd

    Year built
    1998
    Lot size
    10.99 lot acres
    Property type
    Commercial real estate
    APN
    053-009-000-121-05

    Description

    Exceptional opportunity to acquire a thriving, established landscaping business in Northern Michigan. This turnkey operation boasts $1.2 million in 2024 gross sales and a strong reputation built over 27 years, evidenced by numerous 5-star Google reviews. The sale includes a comprehensive fleet of equipment and vehicles, featuring a 2024 Chevy 2500 HD with plow, a 2024 Dodge Ram 3500 with plow, a 2023 TYM 674 tractor with attachments, a Kubota zero-turn mower, salt spreaders, welding equipment, and approximately $30,000 in tires. A complete equipment inventory is available upon request. The business maintains long-term contracts with major clients including five Walmart stores, Kohl's, two Home Depot locations, ten Family Dollar stores, five PNC Banks, American Furniture TC, Big Sandy Superstore, Gaylord Winery, Aldi, and ten residential accounts, among others. The existing website, phone numbers, and customer database are all included in the sale. An 11-acre property with barns, a shop, and an office building is potentially available for purchase separately. This presents a rare opportunity to own a well-established, profitable business with a loyal customer base and significant growth potential. The business operates under a corporate ownership structure and is zoned for commercial use. The property is located at 10310 Hubbard Lake Rd, Hubbard Lake, MI 49747, encompassing 10.99 acres. The business consists of four buildings built in 1998.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hubbard Lake
    County
    Alpena
    State
    Michigan
    Longitude
    -83.58731106919
    Latitude
    44.931588918017

    Comparable in this City

    • Contact for pricing

      Secluded Wooded Land Parcel

      Four-acre wooded parcel with electric service and road access.
      13384 Bartz Rd, Hubbard Lake, MI 49747
      View Details
    • $650,000
      3,588 SF

      Established Business in Hubbard Lake

      Landmark business opportunity with property, licenses, and inventory included.
      6914 W Hubert Rd, Hubbard Lake, MI 49747
      View Details
    • $130,000
      39.34 Acres

      Recreational Land in Hubbard Lake

      39+ acres of hunting and recreational land in Michigan.
      N Hubbard Lake Rd, Hubbard Lake, MI 49747
      View Details
    • $43,900
      4.00 Acres

      Secluded 4-Acre Wooded Land

      Secluded 4-acre wooded parcel near Northern Michigan attractions.
      13384 Bartz Rd, Hubbard Lake, MI 49747
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Secluded Wooded Land Parcel

      Four-acre wooded parcel with electric service and road access.
      13384 Bartz Rd, Hubbard Lake, MI 49747
      View Details
    • $650,000
      3,588 SF

      Established Business in Hubbard Lake

      Landmark business opportunity with property, licenses, and inventory included.
      6914 W Hubert Rd, Hubbard Lake, MI 49747
      View Details
    • $130,000
      39.34 Acres

      Recreational Land in Hubbard Lake

      39+ acres of hunting and recreational land in Michigan.
      N Hubbard Lake Rd, Hubbard Lake, MI 49747
      View Details
    • $43,900
      4.00 Acres

      Secluded 4-Acre Wooded Land

      Secluded 4-acre wooded parcel near Northern Michigan attractions.
      13384 Bartz Rd, Hubbard Lake, MI 49747
      View Details
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    Hubbard Lake, MI 49747
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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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    10310 Hubbard Lake Rd, Hubbard Lake, MI, 49747

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