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    1835 Brewer Rd Howell, MI 48855

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    1835 Brewer Rd Howell, MI 48855

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    • Commercial real estate
    • 36.40 lot acres
    For Sale
    $4,000,000
    View Listing →
    Land on Brewer Road For Sale
    $4,000,000

    Land on Brewer Road

    Land available on Brewer Road, north of M-59.

    1835 Brewer Road, Howell, MI 48855
    View Listing
    Property ID
    US43-0186467
    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 1835 Brewer Rd

    Lot size
    36.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 36.4-acre parcel in Howell, Michigan, presents a remarkable development opportunity. Located at 1835 Brewer Rd, 48855, Livingston County, this privately-owned land is currently zoned for multifamily use and has already received approval for the creation of 111 single-family lots, each with a minimum 55-foot frontage. A conceptual plan for multifamily development is also available. The property's strategic location offers convenient access to major expressways, M59 and 96, ensuring easy commutes for future residents. Furthermore, the land is situated within the Howell Public School district, a significant draw for families. This expansive property offers the potential for substantial returns, whether developed as single-family homes or a multifamily complex. There is also the possibility of combining this land with the adjacent Pineview Village community (MLS Listing#50131970), creating an even larger and more impactful development. The asking price for this exceptional opportunity is $1,300,000. This is a rare chance to acquire a large, well-located parcel with pre-approved zoning, making it an ideal investment for developers seeking a high-potential project in a desirable Michigan community.

    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
    Howell
    County
    Livingston
    State
    Michigan
    Longitude
    -83.956856
    Latitude
    42.627525

    Comparable in this City

    • Contact for pricing

      Vacant Land For Sale

      Vacant land available in Tooley-Howell Township, Howell, MI.
      Tooley-Howell Township, Howell, MI 48855
      View Details
    • $399,000

      Outlot Near Tanger Outlet Mall

      Outlot near Tanger Outlet Mall, designed for restaurant use.
      1399 N Burkhart Rd, Howell, MI 48855
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      Livingston County Development Opportunity

      73.58 acres of land for development in Howell, MI.
      W Marr Rd, Howell, MI 48855
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      Land on Brewer Road

      Land available on Brewer Road, north of M-59.
      1835 Brewer Rd, Howell, MI 48855
      View Details
    • Contact for pricing

      Vacant Land Near Tanger Outlet

      1.61 acre commercial land parcel near I-96.
      1601 N Burkhart Rd, Howell, MI 48855
      View Details

    Similar Nearby for Sale

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      Vacant Land For Sale

      Vacant land available in Tooley-Howell Township, Howell, MI.
      Tooley-Howell Township, Howell, MI 48855
      View Details
    • $399,000

      Outlot Near Tanger Outlet Mall

      Outlot near Tanger Outlet Mall, designed for restaurant use.
      1399 N Burkhart Rd, Howell, MI 48855
      View Details
    • Contact for pricing

      Livingston County Development Opportunity

      73.58 acres of land for development in Howell, MI.
      W Marr Rd, Howell, MI 48855
      View Details
    • Contact for pricing

      Land on Brewer Road

      Land available on Brewer Road, north of M-59.
      1835 Brewer Rd, Howell, MI 48855
      View Details
    • Contact for pricing

      Vacant Land Near Tanger Outlet

      1.61 acre commercial land parcel near I-96.
      1601 N Burkhart Rd, Howell, MI 48855
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kensington Valley Outlets Retail Space

      Retail spaces available in Kensington Valley Outlets.
      1475 N Burkhart Rd, Howell, MI 48855
      View Details
    • Contact for pricing
      2,300 SF

      Professional Office Center For Rent

      Office center with professional buildout and ample parking.
      3469 E Grand River Ave, Howell, MI 48855
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    • $2,300 /Mo
      8,000 SF

      Howell Industrial Property on M-59

      Flexible industrial space in Howell, Michigan, with high ceilings.
      5640 Highland Rd, Howell, MI 48855
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    • Contact for pricing
      34,050 SF

      Howell Warehouse with Truckwell Access

      34,050 SF warehouse featuring truckwell and grade-level doors.
      1870 Hydralic Dr, Howell, MI 48855
      View Details
    View Listing
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    Howell, MI 48855
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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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