Property profile

0 Woodbridge Park Ave Lapeer, MI 48446

OFF-MARKET
Land
22.6 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 22.6-acre development site in Lapeer, Michigan, presents a unique opportunity for residential construction. Located in Lapeer County, with the address of Woodbridge Park Ave, zip code 48446, and situated south of Woodbridge Park Ave and east of Callis Road, this property boasts approved entitlements and is ready for immediate development. The land is zoned R-2 for single-family residential use, allowing for the construction of up to 144 units, as per the project plan. The site benefits from convenient access to municipal water and sewer utilities, eliminating the need for costly infrastructure development. Furthermore, the property falls within the highly regarded Lapeer Community Schools district, a significant draw for families. The parcel number is 21-83-000-000-01. With its prime location, approved entitlements, and readily available utilities, this land offers an exceptional investment opportunity for developers seeking to capitalize on the strong demand for residential housing in the area. The asking price for this remarkable property is $375,000. This is a turnkey opportunity to build a thriving residential community.

Property profile

Verified
Property type Land
Lot 22.6 ac (984,456 SF)

Cap rate & NOI

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

Location

Woodbridge Park Ave Lapeer, MI 48446
Lapeer metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Woodbridge Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message