000 Lapeer Rd Davison, MI 48423
Discover a remarkable 10.63-acre parcel of land ideally situated in Davison, Michigan. This exceptional property boasts over 1,000 square feet of road frontage on Lapeer Road and an additional 298 square feet of frontage on South Cummings Road. Currently zoned for residential use, this expansive lot presents a wealth of possibilities. Imagine building your dream home on this spacious acreage, or capitalize on the potential for subdivision. Preliminary estimations suggest the possibility of creating six or more buildable lots, each exceeding one acre in size, making this an attractive opportunity for builders and investors alike. Utilities are readily available, with electric, natural gas or LP, and cable services accessible. While a survey is not currently available, and soil testing has yet to be conducted, the property's size and location make it a compelling investment. Prospective buyers should note that a well and septic system will be required. This is a unique chance to acquire a substantial land holding in a desirable location and bring your vision to life. The property is offered at $99,900. The APN is 0514200002. Buyer to verify all information.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.