Property profile

Lapeer Newark Rd Lapeer, MI 48446

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre parcel of land presents a unique opportunity for residential development in Lapeer, Michigan. Located on Newark Road, this property boasts a convenient location with easy access to I-69, offering seamless connectivity to surrounding areas. The land is zoned for residential use, providing flexibility for various housing projects. The lot size is a generous 10 acres, providing ample space for a variety of development plans. The asking price is $295,000, translating to $29,500 per acre, representing a competitive price point for the area. The property's Assessed Parcel Number (APN) is 01102901100. This property is situated in Lapeer County, Michigan, with a Lapeer city address and a 48446 zip code. Its geographical coordinates are 42.9996276 latitude and -83.3302936 longitude. This land offers significant potential for residential builders or investors seeking a substantial landholding in a desirable location. The proximity to I-69 is a key advantage, enhancing accessibility and overall desirability. Serious inquiries are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Lapeer Newark Rd Lapeer, MI 48446
Lapeer metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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