Listed By: Ideal Villa Show Phone

Added: Jan 3, 2025 Changed: Mar 16

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,983

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,660 $219.7K

Cap Rate 7%

$156,900 $156.9K

Cap Rate 9%

$122,033 $122.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 980 SF

Gross rent

$16.0K $16.32/SF

− Vacancy

−$304 −$0.31/SF

EGI

$15.7K $16.01/SF

− OpEx

−$4.7K −$4.80/SF

NOI

$11.0K $11.21/SF

Area

Lapeer County, MI

Vacancy

1.90%

Lease Rate

$16.32 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$219,660

Cap Rate 7%

$156,900

Cap Rate 9%

$122,033

Alternative Uses

Best Use

Multifamily LT 5

$156.9K

$137.3K – $183.1K (±1% cap)

NOI $10,983 @ 7.0% cap · market cap 110.94%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$160.5K

$140.4K – $187.2K (±1% cap)

NOI $11,234 @ 7.0% cap · market cap 113.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Revolutionary Booth Photography Service Ideal Villa Mobile ... Campground & RV Park

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Law Firm Building Supply Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Explore this area Business Placement

Demographics for 48455, MI

8,166

Population

3,218

Households

2.5

Avg Household Size

49

Median Age

33%

College-Educated

93%

High-School Grad

64.5 sq mi

ZIP Area

127

Density / Sq Mi

$97,060

Median Household Income

$52,512

Median Earnings

$1,202

Median Rent

$353,900

Median Home Value

Similar For Sale Nearby

See more

Auto Service Building with Showroom

3420 S Lapeer, Metamora, MI 48455

$2,200,000

15,000 SF

View details

Automotive Shop and Showroom

3459 S Lapeer Rd, Metamora, MI 48455

Contact for pricing

9,032 SF

View details

Freestanding Storefront with Drive-Up Window

3939 South Lapeer Road, Metamora, MI 48455

Contact for pricing

11,157 SF

View details

Frequently Asked Questions

What type of property is this?

Residential income home - Ideal Villa

Where is this residential income home located?

The property is located at 3660 S Lapeer Rd Metamora, MI.