Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    588 Lapeer Rd Oxford, MI 48371

    • Commercial real estate
    • 6,054 SF
    • 0.64 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Last Sale
    Jan 15, 2025
    $1,600,000
    Location Intelligence
    Property ID
    US43-4227328
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FasTrac / Motorcycle Parts Store

    Property Details for 588 Lapeer Rd

    Year built
    1974
    Lot size
    0.64 lot acres
    Property size
    6,054 SF
    Property type
    Commercial real estate
    APN
    P -04-26-302-020
    APU
    P0426302020

    Description

    This exceptional 6,054-square-foot flex space in Oxford, Michigan, presents a unique owner-user opportunity. Located at 588 S Lapeer Rd, this single-story, 1985-built building sits on a 0.64-acre lot and boasts 90 feet of frontage on Lapeer Road. The property features a mix of office and warehouse space, with approximately 500 square feet dedicated to offices. The warehouse area offers impressive 15-foot ceilings and three overhead doors—two on the Lapeer Road side (14ft and 10ft tall) and one 14ft tall door at the rear. The building is zoned C-1 Commercial, providing flexibility for various uses. The rear yard is fenced for added security and convenience. This property is priced at $1,950,000 and offers a compelling blend of office and warehouse space, ideal for a business seeking a versatile and strategically located facility. The building's features include a steel structure and ample space for storage and operations. This is a rare opportunity to acquire a well-maintained property in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,710,000
      6.5%
      $1,720,000
      7%
      $1,470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,600,000
      Geo Method
      $1,485,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,650,000
      Retail
      $1,445,000
      Mixed-Use
      $1,740,000
      Hospitality
      $1,460,000
      Educational
      $1,305,000
      Residential Income
      $1,515,000
      Energy
      $1,610,000
      Income-Based Land
      $1,405,000
      Food Service
      $1,300,000

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2578
    Latitude
    42.8161
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,917
    $0.00
    $0.00
    $180,010
    -
    $0.00
    $0.00
    $360,020

    Comparable in this City

    • Value Estimation by Request
      10.24 Acres

      Xcelsior Dr

      Land • 10.24 Acres
      0 Xcelsior Dr, Oxford, MI 48371
      View Details
    • Value Estimation by Request

      32 Burdick St

      COMMERCIAL (GENERAL)
      32 Burdick St, Oxford, MI 48371-4994
      View Details
    • Value Estimation by Request
      6.23 Acres

      Oxford Rd

      Land • 6.23 Acres
      0 Oxford Rd, Oxford, MI 48371
      View Details
    • Value Estimation by Request
      0.48 Acres

      1055 Lapeer Rd

      COMMERCIAL (GENERAL) • 0.48 Acres
      1055 Lapeer Rd, Oxford, MI 48371-6101
      View Details
    • Value Estimation by Request
      74.00 Acres

      Oxford, MI 48371

      COMMERCIAL (GENERAL) • 74.00 Acres
      Oxford, MI 48371
      View Details
    • Value Estimation by Request

      2255 Metamora Rd

      COMMERCIAL (GENERAL)
      2255 Metamora Rd, Oxford, MI 48371-2345
      View Details

    Similar Nearby for Sale

    • $1,100,000
      10.00 Acres

      10-Acre Commercial Land, Oxford, MI

      Prime 10-acre commercial parcel, ideal mixed-use development.
      920 Lapeer Rd, Oxford Township, MI 48371
      View Details
    • $1,150,000
      0.06 Acres

      Downtown Oxford Retail & Apartments

      Mixed-use property, high ROI potential.
      6 Washington St, Oxford, MI 48371
      View Details
    • $750,000
      10.24 Acres

      Oxford Industrial Land - $750K

      10.24 Acres, I-2 Zoning, Great Location
      0 Xcelsior Dr, Oxford, MI 48371
      View Details
    • $1,950,000
      8.39 Acres

      Oxford Commercial Land - 8.39 Acres

      Prime Development Opportunity in Oxford, MI
      0 Market St, Oxford, MI 48371
      View Details
    • $698,000
      1,967 SF

      Oxford Industrial Space - $698K

      1,967 sq ft Industrial Building, Updated
      74 Washington St, Oxford, MI 48371
      View Details
    • $1,950,000
      6,054 SF

      Oxford Flex Space: Prime Location

      6,054 SF Flex Space, Owner/User Opportunity
      588 Lapeer Rd, Oxford, MI 48371
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,742 SF

      Virtual Golf Simulator and Bar

      Established virtual golf simulator and bar available for rent.
      960-980 N Lapeer Rd, Oxford, MI 48371
      View Details
    • $23 SF/Yr
      19,123 SF

      Oxford Medical Office Space for Lease

      1,869 SF Medical Office Suite Available
      72 Washington St, Oxford, MI 48371
      View Details
    • $28 SF/Yr
      19,611 SF

      Oxford Retail Center Opportunity

      Prime Oxford retail space available.
      565 Lapeer Rd, Oxford, MI 48371
      View Details
    • Contact for pricing
      1,384 SF

      Oxford Meijer Retail Space

      High-traffic in-store retail space.
      900 Lapeer Rd, Oxford, MI 48371
      View Details
    • Contact for pricing
      20,000 SF

      Downtown Oxford Land for Rent

      Land for rent in downtown Oxford near McLaren hospital.
      52 N Washington St, Oxford, MI 48371
      View Details
    • $2,200 /Mo

      Remodeled Building with Large Parking

      Recently remodeled industrial building with ample parking and signage.
      592 E Lakeville Rd, Oxford, MI 48371
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    588 Lapeer Rd
    Oxford, MI 48371
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.