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    Property profile & analytics

    3420 Lapeer Rd Metamora, MI 48455

    • Commercial real estate
    • 10.95 lot acres
    For Sale
    View listing
    $3,300,000
    Value Estimation
    Last Sale
    Jun 08, 2023
    $400,000
    Location Intelligence
    Property ID
    US43-4349988
    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

    • Newcombs Auto Service / Auto Repair Shop
    • Newcomb’s North / Car Dealer

    Property Details for 3420 Lapeer Rd

    Year built
    2006
    Lot size
    10.95 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    015-005-030-00
    APU
    1500503000

    Description

    This exceptional 15,000-square-foot auto shop, built in 2024, presents a lucrative investment opportunity in Metamora Township, Michigan. Situated on a substantial 10.95-acre lot, the property boasts over 500 feet of frontage on M-24 and an additional 400+ feet of frontage on Pratt Road, ensuring high visibility and accessibility. The building itself comprises a 9,000-square-foot service area and a 6,000-square-foot showroom, providing ample space for a variety of automotive businesses. The property is zoned for commercial use and offers convenient access to I-69, enhancing its strategic location. The asking price is $3,300,000. This property is far from reaching its full potential. Lease terms are also available for qualified tenants, offering flexibility for potential investors. The property's address is 3420 S Lapeer Road, Metamora Twp, MI 48455, with APN 01500503000. This is a standard (private) ownership opportunity. Don't miss this chance to acquire a high-profile commercial property in a rapidly growing area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $285,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $330,000
      Mixed-Use
      $260,000
      Hospitality
      $290,000
      Educational
      $320,000
      Residential Income
      $285,000
      Energy
      $290,000
      Income-Based Land
      $350,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Metamora
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3154
    Latitude
    42.957
    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
    $8,937
    $0.00
    $0.00
    $588,800
    -
    $0.00
    $0.00
    $1,177,600

    Comparable in this City

    • Value Estimation by Request
      7.48 Acres

      3397 Lapeer Rd

      COMMERCIAL (GENERAL) • 7.48 Acres
      3397 Lapeer Rd, Metamora, MI 48455-8968
      View Details
    • Value Estimation by Request
      7,000 SF

      4606 Pratt Rd

      COMMERCIAL (GENERAL) • 7,000 SF
      4606 Pratt Rd, Metamora, MI 48455-9668
      View Details
    • Value Estimation by Request
      10.00 Acres

      3790 Oak St

      COMMERCIAL (GENERAL) • 10.00 Acres
      3790 Oak St, Metamora, MI 48455-7700
      View Details
    • Value Estimation by Request
      115.00 Acres

      Pratt Rd

      COMMERCIAL (GENERAL) • 115.00 Acres
      Pratt Rd, Metamora, MI 48455
      View Details
    • Value Estimation by Request
      576 SF

      3777 Lapeer Rd

      COMMERCIAL (GENERAL) • 576 SF
      3777 Lapeer Rd, Metamora, MI 48455-8963
      View Details
    • Value Estimation by Request

      Metamora, MI 48455

      COMMERCIAL (GENERAL)
      Metamora, MI 48455
      View Details

    Similar Nearby for Sale

    • $3,300,000
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    Similar Nearby for Lease

    • Contact for pricing
      11,157 SF

      Freestanding Building with Drive-Through

      Former Rite-Aid with drive-through, suitable for various businesses.
      3939 S Lapeer Rd, Metamora, MI 48455
      View Details
    • $11 SF/Yr
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      Metamora Office Space For Rent

      9,608 SF office space available for lease.
      3549 S Lapeer Rd, Metamora, MI 48455
      View Details
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    Metamora, MI 48455
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    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
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