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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    654 Townline Rd Gaylord, MI 49735

    • Commercial real estate
    • 4,841 SF
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3899555
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 654 Townline Rd

    Year built
    1996
    Lot size
    10.00 lot acres
    Property size
    4,841 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 654 S Townline Rd in Gaylord, Michigan, presents a unique investment opportunity. The property encompasses a substantial 10-acre lot, providing ample space for expansion or future development. The existing retail building offers 4,841 square feet of space, spread across two stories, built in 1996. Its prime location in Otsego County, with a 49735 zip code, offers excellent visibility and accessibility. The property is classified as both retail and land, presenting versatile options for potential buyers. The substantial lot size allows for a variety of uses, from expanding the existing retail space to developing additional structures. This property is ideal for entrepreneurs seeking a well-established location with significant growth potential. The asking price is $699,900. Serious inquiries are encouraged to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaylord
    County
    Otsego
    State
    Michigan
    Longitude
    -84.7296171
    Latitude
    45.0216173

    Comparable in this City

    • $498,000
      1.73 Acres

      Gaylord Commercial Land For Sale

      Commercial land available in Gaylord, near major retailers.
      2250 W -32, Gaylord, MI 49735
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    • $71,500
      1,440 SF

      Gaylord Retail Space: Prime Location

      1,440 SF Retail Space - $71,500
      0 Sides Dr Unit, Gaylord, MI 49735
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    • $71,500
      1,440 SF

      Gaylord Retail Space - $71,500

      Prime Gaylord retail land, 1440 sq ft.
      0 Sides Dr Unit, Gaylord, MI 49735
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    • $399,900

      Gaylord Commercial Land - 34 Acres

      High-Visibility M-32 Frontage, Development Ready
      M-32 34.84 Acres, Gaylord, MI 49735
      View Details
    • $187,700
      3.37 Acres

      Commercial Land in Gaylord, MI

      3.37 acre commercial land with I-75 exposure.
      Parcel C St North, Gaylord, MI 49735
      View Details
    • Contact for pricing

      Wooded Lot on South Perch

      Picturesque 0.63-acre wooded lot perfect for building a dream home.
      S Perch Lk Dr, Gaylord, MI 49735
      View Details

    Similar Nearby for Sale

    • $498,000
      1.73 Acres

      Gaylord Commercial Land For Sale

      Commercial land available in Gaylord, near major retailers.
      2250 W -32, Gaylord, MI 49735
      View Details
    • $71,500
      1,440 SF

      Gaylord Retail Space: Prime Location

      1,440 SF Retail Space - $71,500
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $71,500
      1,440 SF

      Gaylord Retail Space - $71,500

      Prime Gaylord retail land, 1440 sq ft.
      0 Sides Dr Unit, Gaylord, MI 49735
      View Details
    • $399,900

      Gaylord Commercial Land - 34 Acres

      High-Visibility M-32 Frontage, Development Ready
      M-32 34.84 Acres, Gaylord, MI 49735
      View Details
    • $187,700
      3.37 Acres

      Commercial Land in Gaylord, MI

      3.37 acre commercial land with I-75 exposure.
      Parcel C St North, Gaylord, MI 49735
      View Details
    • Contact for pricing

      Wooded Lot on South Perch

      Picturesque 0.63-acre wooded lot perfect for building a dream home.
      S Perch Lk Dr, Gaylord, MI 49735
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      431 SF

      Downtown Gaylord Office/Retail Space

      Office and retail space in downtown Gaylord with high traffic.
      400 W Main St, Gaylord, MI 49735
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    • $12 SF/Yr
      4,800 SF

      Gaylord Executive Office Space

      Prime Gaylord location, 4,800 sq ft office.
      2250 M-32, Gaylord, MI 49735
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    • Contact for pricing
      3,532 SF

      Freestanding Retail Building in Gaylord

      Retail building in Gaylord's retail hub, near I-75.
      1388 W Main St, Gaylord, MI 49735
      View Details
    • $12 SF/Yr
      1,750 SF

      Versatile Commercial Space on Main

      Adaptable commercial space suitable for office, retail, or religious use.
      400 W Main St, Gaylord, MI 49735
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    • $14 SF/Yr
      13,000 SF

      Retail Pad Site Available

      Retail pad site for lease in Gaylord, Michigan.
      638-856 Edelweiss Village Pkwy, Gaylord, MI 49735
      View Details
    • $500 /Mo
      1,080 SF

      Versatile Commercial Kitchen in Gaylord

      Well-equipped commercial kitchen ideal for various food-related ventures.
      120 Grandview Blvd, Gaylord, MI 49735
      View Details
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    654 Townline Rd
    Gaylord, MI 49735
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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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