Financial
Distress signals
Property profile

265 Howard St Lapeer, MI 48446

FOR SALE
Retail space
Property ID
US43-4326221
12,024 SF 0.66 ac lot Built 1900
Last sale Oct 2021 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two industrial buildings on a 1.56-acre site, totaling 11,160 square feet: Building 1 is 7,000 square feet and Building 2 is 4,160 square feet. The property has electrical capacity of 800 amps available and is eligible for an upgrade to a 1,200-amp, 3-phase power service. The buildings are in good condition, and the site is located in a green zone. The layout and zoning support potential development, with configuration suitable for owner-occupancy and/or investment use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$156k
Effective rate4.06%

Value estimate

· Sep 2026
$1.55M
$1.40M – $1.71M
CAP approach$1.28M
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$6k
Operating expenses−$17k
NOI · 10.30% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$78/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$46 – $99

Cap rate analysis

How does the asset earn?
10.30%
$40k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
I1 INDU
JurisdictionLAPEER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
Electrical Service9.6
Tailor Shop9.5

Location

265 Howard St Lapeer, MI 48446
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
552 Imlay City, Lapeer, MI 48446-3178 $517,000 Sep 2024 7,500 SF
1879 Lapeer, Lapeer, MI 48446-7603 $729,000 Jul 2023 16,040 SF
1422 Imlay City, Lapeer, MI 48446-3114 $450,000 Jun 2023 7,472 SF
2850 Imlay City, Lapeer, MI 48446-3224 $27,000 Nov 2022 8,400 SF
333 Nepessing, Lapeer, MI 48446-2105 $272,000 Nov 2021 6,947 SF
69 Nepessing, Lapeer, MI 48446-2101 $285,000 Oct 2021 6,772 SF
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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