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    Property profile & analytics

    1920 Laflamme Ct White Lake charter Township, MI 48386

    • Commercial real estate
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1511058
    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 1920 Laflamme Ct

    Lot size
    1.17 lot acres
    Property type
    Commercial real estate
    APN
    1215426034

    Description

    This exceptional 1.17-acre commercial land parcel in White Lake Charter Township, Oakland County, Michigan, presents a unique investment opportunity. Located at 1920 Laflamme Ct, 48386, this property boasts convenient access to M-59, placing it within easy reach of shopping, dining, and entertainment venues. The serene setting offers a desirable location for various commercial ventures. For those seeking outdoor recreation, the proximity to Alpine Valley Ski Area adds significant appeal. The property's APN is 1215426034. A significant advantage for potential buyers is that a site survey and soil evaluations have already been completed by the seller. Detailed records from these evaluations are available upon request, streamlining the development process and minimizing pre-construction uncertainties. This ready-to-develop lot is priced competitively at $75,000, making it an attractive proposition for investors and developers alike. Don't miss this chance to acquire a prime commercial property in a thriving Michigan community.

    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
    White Lake charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4855089
    Latitude
    42.6633799

    Comparable in this City

    • $800,000
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      White Lake Commercial Land

      2.47 Acres, RM-1 Zoning, $800K
      1392 Williams Lk Rd, White Lake charter Township, MI 48386
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    • $400,000

      Development Site in White Lake

      Over 3.5 acres of zoned planned business land.
      0000 Williams Lake Rd, White Lake, MI 48386
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    • $499,900
      3.00 Acres

      3-Acre Corner Lot on M-59

      3-acre corner lot on M-59, potential for development.
      820 Hilltop Dr, White Lake, MI 48386
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    • $325,000
      1.00 Acre

      Highland Road Commercial Land

      One-acre commercial lot, prime location.
      9434 Highland Rd, White Lake charter Township, MI 48386
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    • $899,900
      8.70 Acres

      Commercial Land in White Lake

      8.7 acre commercial land for sale in White Lake, MI.
      01 Un Lk Rd Rd, White Lake, MI 48386
      View Details
    • $1,200,000

      Vacant Land Near M-59, I-75

      18 acres of vacant land, ideal for corporate headquarters.
      8432 White Lake Rd, White Lake, MI 48386
      View Details

    Similar Nearby for Sale

    • $325,000
      1.00 Acre

      Highland Road Commercial Land

      One-acre commercial lot, prime location.
      9434 Highland Rd, White Lake charter Township, MI 48386
      View Details
    • $1,200,000

      Vacant Land Near M-59, I-75

      18 acres of vacant land, ideal for corporate headquarters.
      8432 White Lake Rd, White Lake, MI 48386
      View Details
    • $899,900
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      Commercial Land in White Lake

      8.7 acre commercial land for sale in White Lake, MI.
      01 Un Lk Rd Rd, White Lake, MI 48386
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    • $89,900
      0.58 Acres

      Vacant Land Near White Lake

      0.58-acre vacant parcel near multiple lakes in White Lake, MI.
      Hilltop Dr, White Lake, MI 48386
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    • $199,999
      11.07 Acres

      Prime White Lake Development Land

      11 Acres, $199,999, Flexible Terms
      8983 Pontiac Lk Rd, White Lake charter Township, MI 48386
      View Details
    • Contact for pricing
      1.90 Acres

      Highland Road Commercial Development

      Prime Retail/Office Land, 82,764 SF
      0 Seq Highland Rd & Williams Lk Rd, White Lake charter Township, MI 48386
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      121,532 SF

      Prime White Lake Commercial Land

      2.79 Acres, Single Tenant Potential
      180 Un Lk Rd, White Lake charter Township, MI 48386
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    • Contact for pricing

      Office Space for Lease

      Office space available for rent in White Lake, Michigan.
      1097 Union Lake Rd, White Lake, MI 48386
      View Details
    • Contact for pricing
      4,769 SF

      White Lake Retail Space Available

      Prime M-59 Retail, Two Spaces Left
      9101 Highland Rd, White Lake, MI 48386
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    • Contact for pricing
      17,485 SF

      Fisk Corners Retail Space Available

      White Lake prime retail space for lease.
      9278 Highland Rd, White Lake charter Township, MI 48386
      View Details
    • $22 SF/Yr
      2,500 SF

      White Lake Retail Space Available

      Prime Retail Space, High Traffic Area
      9050 Highland Rd, White Lake charter Township, MI 48386
      View Details
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    1920 Laflamme Ct
    White Lake charter Township, MI 48386
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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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