Property profile

1251 Lapeer Rd Ste 101 Lake Orion, MI 48360

OFF-MARKET
Medical Office Space
Property ID
US43-1304492
9,296 SF 1.68 ac lot Built 1996
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Total area 9,296 SF
Lot 1.68 ac (73,181 SF)
Zoning code BI
APN O -09-14-251-017
UPID US43-1304492

Cap rate & NOI

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

Location

1251 Lapeer Rd Ste, Unit 101 Lake Orion, MI 48360-1415
Lake Orion metro Census 128900 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
$2.12M
Blend (final) Blend
$1.81M

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

BI · Lake Orion, MI
Top alternative use upside
Commercial (general) $1.6M +11.6%
Restaurant $1.6M +9.7%
Retail stores $1.6M +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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