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Property profile & analytics
OFF-MARKET
Estimated value
$4,265,000
Warehouses
101 Premier Dr, Lake Orion, MI 48359-1882
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1710127
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
41,990 SF
Lot
3.71 ac (161,608 SF)
Zoning code
II
APN
O -09-35-451-001
UPID
US43-1710127
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
All Used Stone Equipment Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$4.27M
Owner & transaction history
Lion Inv Group-premier LLC · 10 yrs held
Lion Inv Group-premier LLC
since 2016
7 recorded transactions
Zoning & alternative use
II · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.1M
+121.0%
Medical building
$6.6M
+106.7%
Auto repair, garage
$5.1M
+60.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,205,000
Current use
RETAIL STORES
$7,085,000
Change: +121% · Conversion: Moderate
MEDICAL BUILDING
$6,630,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,145,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$4,925,000
Change: +54% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,910,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$4.27M
Range $3.84M – $4.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$58,745
Tax year 2023
Assessed value
$1,655,760
Assessed 2024
Previous assessed
$1,563,360
+5.9% YoY
Effective rate
3.55%
On assessed value
Total market value
$3,311,520
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
41,990 SF
Lot
3.71 ac (161,608 SF)
Zoning code
II
APN
O -09-35-451-001
UPID
US43-1710127
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Lake Orion, MI
Zoning II · permitted uses
II · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
RETAIL STORES
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.71 ac
Current owner
From public records · entity-resolved
Lion Inv Group-premier LLC
Entity
Free & Clear · 10 yrs held
Mailing address
31313 NORTHWESTERN HWY STE #201, FARMINGTON HILLS, MI 48334-2577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Lion Investment Group H&j LLC
—
Deed
related
$5,000,000 · Symetra Life Insurance Co
Sep 23, 2016
—
Lion Investment Group Premier LLC
—
Deed
related
$7,000,000 · Wells Fargo Bank NA
Apr 14, 2016
—
Lion Inv Group-premier LLC
Hilco Premier LLC
Warranty Deed
related
—
Dec 10, 2015
—
Hilco Premier LLC
Summus Properties LLC
Warranty Deed
—
Jan 5, 2012
—
Summus Properties LLC
101 Premier Drive LLC
Warranty Deed
$20,706,965 · Huntington National Bank
Sep 23, 1999
—
101 Ellen Drive LLC
Bald Mountain West
Quit Claim Deed
related
—
—
—
101 Ellen Drive LLC
—
Deed Of Trust
related
$950,000 · Steven E Jacob
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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