Financial
Distress signals
Property profile

400 Mccormick Dr Lapeer, MI 48446

FOR LEASE
Flex space
Property ID
US43-4373403
36,602 SF 4.05 ac lot Built 1982
Last sale Feb 2022 · $1,382,250
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
400 Mccormick Dr, Lapeer, MI 48446 For Lease
$1,190,000 13,760 SF available
400 Mccormick Dr, Lapeer, MI 48446
View Listing

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?
$26k
Tax billed · 2023
Assessed value · 2024$638k
Effective rate4.09%

Value estimate

· Sep 2026
$1.19M
$1.07M – $1.31M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I1 INDU
JurisdictionLAPEER

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 Service10.6
Parking Facility10.2
Storage Facility9.9

Location

400 Mccormick Dr Lapeer, MI 48446
County assessor Recorded deeds · 7 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2071 Lapeer, Lapeer, MI 48446-8628 $850,000 Jun 2024 8,000 SF
870 Whitney, Lapeer, MI 48446-2565 $797,350 Aug 2022 9,758 SF
1 Demille, Lapeer, MI 48446-3025 $580,000 Feb 2022 8,200 SF
1356 Imlay City, Lapeer, MI 48446-3112 $600,000 Oct 2021 12,135 SF
810 Whitney, Lapeer, MI 48446-2565 $424,000 Sep 2019 9,000 SF
524 Mccormick, Lapeer, MI 48446-2518 $550,000 Aug 2019 18,829 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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