Commercial Service & Showroom
For Sale
Contact for pricing
3420 S Lapeer Rd, Metamora, MI 48455
15,000 SF facility on 9 acres with high visibility.
Property Size15,000 SF
Lot Size9.00 Acres
Price / SF$146.67
Days on Market154
Property Features for 3420 S Lapeer Rd
General Information
Standard status
Active
Size
15,000 SF
Lot size
9.00 Acres
Property subtype
Industrial, Retail
Zoning
B-2 Commercial
Building Details
Year Built
2024
Buildings
2
Tenancy
Single
Listing Agency:
TDG Commercial
Listed By:
Brock Bean · License #462328
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 12 at 11:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TDG Commercial
Investment Insights
Based on property information with market context.
This commercial facility offers 15,000 square feet of space on a 9-acre lot. The property is suitable for service and showroom use. It benefits from high visibility on M-24.
Key Highlights
- 15,000 SF Commercial Service & Showroom Facility
- High Visibility on M‑24
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,068,920
$2.1M
Cap Rate 7%
$1,477,800
$1.5M
Cap Rate 9%
$1,149,400
$1.1M
Market Conditions
NOI Build-Up for 15,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$180.0K $12.00/SF
− Vacancy
−$32.2K −$2.15/SF
EGI
$147.8K $9.85/SF
− OpEx
−$44.3K −$2.96/SF
NOI
$103.4K $6.90/SF
Area
Lapeer County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,068,920
Cap Rate 7%
$1,477,800
Cap Rate 9%
$1,149,400
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,446 @ 7.0% cap · market cap 4.70%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,956 @ 7.0% cap · market cap 3.86%
Theoretical Best
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $171,947 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - 15,000 SF facility on 9 acres with high visibility.
Where is this showroom located?
The property is located at 3420 S Lapeer Rd 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: 15,000 SF Commercial Service & Showroom Facility; High Visibility on M‑24; Built in 2024
