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    Metamora Commercial Property on M-24 Title is generated by Realmo AI

    3420 S Lapeer Road, Metamora, MI 48455

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    Claim this Listing
    For Sale
    $2,200,000

    Real Estate Only - Metamora, MI

    Property size:
    15,000 SF
    Lot size:
    10.94 Acres
    Price / SF:
    $146/SF
    Added:
    Mar 13, 2026
    Days on Market:
    70
    Last Refresh:
    May 21 at 7:06 am

    Property Features for 3420 S Lapeer Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    01500503000
    Size
    15,000 SF
    Lot size
    10.94 Acres

    Taxes and HOA fees

    Tax Annual Amount
    27304

    Building Details

    Year built
    2024
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Delia

    Listing agent Joseph Delia

    Listing office Keller Williams Paint Creek 440 S Main Street, Troy, MI

    Listing date Mar 13, 2026

    MLS# 20261016228 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on M‑24 (S Lapeer Rd) with over 500 feet of frontage.
    • ±15,000 SF property on approximately 9 acres.
    • Includes a ±9,000 SF service building and a ±6,000 SF showroom/retail structure.
    • Flexible space suitable for various commercial uses.
    • Large parcel allows for expansion, outdoor storage, or potential future development.
    • Conveniently located minutes from I‑69 with strong daily traffic counts.

    Overview

    Located on M-24 (S Lapeer Rd) in Metamora, this commercial property offers high visibility. The site encompasses approximately 9 acres and features over 500 feet of frontage on S Lapeer Rd, along with additional frontage on Pratt Rd. The property includes a service building of approximately 9,000 square feet and a showroom/retail structure of approximately 6,000 square feet, providing flexible space suitable for various commercial applications. The property is ideal for automotive businesses, equipment sales, contractor headquarters, fleet service, or other owner-user operations that require both building space and outdoor yard area. The large parcel allows for expansion, outdoor storage, or potential future development, subject to township approval and zoning regulations. The property is conveniently located minutes from I-69 and benefits from strong daily traffic counts along the M-24 corridor. The total property size is 15,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Newcombs Auto Service Auto Repair Shop Newcomb’s North Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Runyon Floors & Decor — 4053 S Lapeer Rd #F, Metamora, MI 48455

    Location Insight

    • Map
    • Local Demand
    City
    Metamora
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.314052
    Latitude
    42.956222

    Nearby Similar for Sale

    • $2,200,000
      15,000 SF

      Commercial Service & Showroom Facility

      15,000 SF facility on 9 acres with high visibility.
      3420 S Lapeer Rd, Metamora, MI 48455
      View Details
    • $9,900
      980 SF

      Ideal Villa

      Peaceful manufactured home community in Metamora, Michigan, with convenient amenities.
      3660 S Lapeer Rd, Metamora, MI 48455
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    FAQs

    What type of property is this?
    Showroom - High-visibility commercial property with flexible space on approximately 9 acres.
    Where is this showroom located?
    The property is located at 3420 S Lapeer Road Metamora, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: High‑visibility location on M‑24 (S Lapeer Rd) with over 500 feet of frontage.; ±15,000 SF property on approximately 9 acres.; Includes a ±9,000 SF service building and a ±6,000 SF showroom/retail structure.
    (248) 649-7200
    We can help!
    Listing Contact
    Joseph Delia
    Learn More
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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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