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Financial
Distress signals
Property profile

588 S Lapeer Rd Oxford, MI 48371

FOR SALE
Other commercial real estate
Property ID
US43-4227328
6,054 SF 0.64 ac lot Built 1974
Last sale Jan 2025 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

588 S Lapeer Rd is a flex office/warehouse property with a combined administrative and open functional interior layout. The building includes two private office spaces and a spacious open area that can accommodate storage, work space, or other light commercial uses. It is located on South Lapeer Road within an established commercial corridor, providing access for day-to-day operations and visibility to the roadway. The structure is configured as a single facility with both office and open-area…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$180k
Effective rate4.95%

Value estimate

· Oct 2026
$1.46M
$1.31M – $1.60M
NOI build-up
Gross scheduled income$109k
Vacancy & credit loss−$13k
Operating expenses−$34k
NOI · 4.18% cap applied$63k

Realmo valuation models over county records and 19 qualifying comparable sales.

Recently sold

What actually traded nearby?
$176/SF
County average, outlier-cleaned · 344 recorded sales of this use type
Observed band · Q1–Q3$119 – $256
Qualifying comparables19

Cap rate analysis

How does the asset earn?
4.18%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.4
Laundry Service9.3
Hair Salon9.2

Location

588 S Lapeer Rd Oxford, MI 48371
County assessor Recorded deeds · 3 transfers 19 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 6 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
153 Washington, Oxford, MI 48371-4982 $875,000 Feb 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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