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    Lapeer Rd Orion Township, MI 48362
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    Lapeer Rd Orion Township, MI 48362

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    • Retail properties & Spaces
    • 33.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Lapeer Rd

    Lot size
    33.24 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 33.24-acre parcel in Orion Township, Michigan, presents a unique investment opportunity. Located on Lapeer Road, the property boasts a natural wetland setting, yielding approximately 17 usable acres. The OP-2 zoning allows for a diverse range of uses, including industrial, medical, retail, research and development, office, and senior housing. Permitted light industrial uses specifically include injection molding, machining, light assembly, and mini-storage. The site's strategic location offers unparalleled access to major employers and transportation arteries. Its proximity to GM Orion, CTC, Auburn Hills suppliers, and the future Amazon Distribution Center in Pontiac ensures high visibility and strong potential for growth. Existing infrastructure includes 15-inch sewer and 16-inch water mains at the site. The property's versatility makes it ideal for a mixed-use development, such as a medical campus incorporating retail or light industrial space along Lapeer Road, complemented by R&D facilities. The asking price is $2,300,000. The APN is 09-26-300-008. This is a rare opportunity to acquire a large, strategically located parcel in a rapidly developing area. The property is situated just north of Silverbell Road, west of Lapeer Road, and north of Cobasys.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orion Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2464
    Latitude
    42.7932

    Comparable in this City

    • Value Estimation by Request
      26,280 SF

      780-820 Lapeer Rd

      Neighborhood centers • 26,280 SF
      780-820 Lapeer Rd, Orion Township, MI 48362
      View Details
    • Value Estimation by Request
      24,734 SF

      545 Broadway St

      NURSERY, GREENHOUSE, FLORIST • 24,734 SF
      545 Broadway St, Lake Orion, MI 48362-2746
      View Details
    • Value Estimation by Request

      901 Lapeer Rd

      Restaurants
      901 Lapeer Rd, Lake Orion, MI 48362
      View Details
    • Value Estimation by Request
      3,484 SF

      183 Broadway St

      Restaurants • 3,484 SF
      183 Broadway St, Orion Township, MI 48362
      View Details
    • Value Estimation by Request
      1,693 SF

      511 Hts Rd

      ROADSIDE MARKET • 1,693 SF
      511 Hts Rd, Lake Orion, MI 48362-2697
      View Details
    • Value Estimation by Request
      25,375 SF

      600-622 Lapeer Rd

      Neighborhood centers • 25,375 SF
      600-622 Lapeer Rd, Orion charter Township, MI 48362
      View Details

    Similar Nearby for Sale

    • $3,300,000

      Lake Orion Redevelopment Opportunity

      2.35 acre commercial land for redevelopment in Lake Orion.
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    • $4,000,000

      4-Acre Lot with Industrial Building

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      Land For Sale

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      Land For Sale

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    Similar Nearby for Lease

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      Industrial Space For Lease

      Industrial space available for lease.
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      Visible Retail Space Available

      Retail space for rent with recent upgrades and high visibility.
      780-820 S Lapeer Rd, Orion Township, MI 48362
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    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Lake Orion, Michigan.
      600-622 S Lapeer Rd, Lake Orion, MI 48362
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      7,140 SF

      Lake Orion Retail Space Available

      7,140 SF retail space with high visibility in Lake Orion.
      600-622 S Lapeer Rd, Orion, MI 48362
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    • $20 SF/Yr

      Office Space with Executive Furniture

      2,700 SF office space with private offices and furniture.
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    • $550 /Mo

      Downtown Lake Orion Office Space

      Office space for lease in downtown Lake Orion.
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      View Details
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    Lapeer Rd
    Orion Township, MI 48362
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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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