Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Parcel 4 Lapeer Road Oxford, MI 48371

    View on Map
    Claim this Listing
    New
    For Sale
    $350,000

    LAND - Metamora Twp, MI

    Lot size:
    27.00 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 29 at 3:06 am

    Property Features for Parcel 4 Lapeer Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural,Residential
    Standard status
    Active
    APN
    Newsplit
    Lot size
    27.00 Acres

    Taxes and HOA fees

    Tax Description
    .

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Zack Aboona

    Listing agent Zack Aboona License #6501365731

    Listing office Keller Williams Lakeside 45609 Village Blvd, MI

    Listing date Apr 28, 2026

    MLS# 20261029396 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.

    Overview

    Vacant Land Near M-24

    This property features over 27 acres of vacant land situated off M-24. The parcel is located in a prime location and offers the opportunity to build a home. The property benefits from a paved road and natural gas availability. Its location provides convenient access to major freeways, shopping, dining, and everyday amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.269086
    Latitude
    42.830134

    Nearby Similar for Sale

    • $359,900
      2,707 SF

      Oxford Triplex Investment Opportunity

      Well-maintained triplex near downtown Oxford, currently at capacity.
      59 E Burdick, Oxford, MI 48371
      View Details
    • $130,000

      Residential Land in Oxford Township

      Land with shed, utilities, and proximity to amenities.
      1746 N Baldwin Road, Oxford Twp, MI 48371
      View Details
    • $499,000
      1,954 SF

      Medical/Office Space with Garage

      Versatile space ideal for medical or office use.
      950 S LAPEER Road, Oxford Charter Township, MI 48371
      View Details
    • $190,000

      Oxford Vacant Land For Sale

      2.5 acre lot in Oxford Twp. to build dream home.
      750 E Harmony Hills, Oxford, MI 48371
      View Details
    • $650,000
      2 SF

      Development Parcel Near Corewell Health

      2.71 acre development parcel in growing retail district.
      E Market Street, Oxford, MI 48371
      View Details
    • $1,350,000
      9,057 SF

      High-Visibility Commercial Opportunity on M-24

      Commercial building and residence on 0.92 acres with high visibility.
      666 S Lapeer Rd, Oxford, MI 48371
      View Details
    • $4,500,000
      61,937 SF

      Oxford Industrial Warehouse For Sale

      61,937 SF industrial warehouse property in Oxford, Michigan.
      Xcelsior Dr 2470, Oxford, MI
      View Details
    • $4,500,000
      61,937 SF

      Xcelsior Drive Warehouse For Sale

      Well-maintained 61,937 sq ft warehouse with 25' ceiling clearance.
      Oxford, MI 48371
      View Details
    • $750,000
      6 SF

      North Oakland County Industrial Land

      Industrial land opportunity in North Oakland County, just off M-24.
      3271 Metamora Road, Oxford, MI, 48371
      View Details
    • $80,000

      Residential Land in Oxford Township

      Residential land in a well-maintained, scenic Oxford Township community.
      225 GREAT PINES Drive, Oxford Twp, MI 48371
      View Details
    • Contact for pricing
      11,180 SF

      Retail Space in Oxford Area

      Single tenant suite available in a well-maintained shopping center.
      971-983 S Lapeer Rd, Oxford, MI
      View Details
    • $1,798,000
      6,054 SF

      Oxford Flex Space with Yard

      6,054 SF flex building with fenced yard for sale.
      588 S Lapeer Rd, Oxford, MI 48371
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 27-acre vacant land parcel near freeways, shopping, and dining.
    Where is this residential land & home lot located?
    The property is located at Parcel 4 Lapeer Road Oxford, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Over 27 acres of vacant land offers ample space and privacy.; Prime location off M‑24 provides convenient access.; Natural gas availability enhances building potential.
    (586) 532-0500
    We can help!
    Listing Contact
    Zack Aboona
    Real Estate License ID: 6501365731
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!