Property profile

1240 Lapeer Rd Lake Orion, MI 48360

OFF-MARKET
Medical Office Space
Property ID
US43-1887834
10,046 SF Built 1995
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Total area 10,046 SF
APN O -09-14-201-026
UPID US43-1887834

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Eye Care Center Contact Lenses Supplier
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician

Location

1240 Lapeer Rd Lake Orion, MI 48360-1470
Lake Orion metro Census 128400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$390k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.8M +11.6%
Restaurant $1.7M +9.7%
Retail stores $1.7M +6.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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