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Property profile & analytics
OFF-MARKET
Parking lots & garages
1265 Farnsworth Rd Lapeer, MI 48446-1537
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-4367342
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1988
Total area
672 SF
Lot
40 ac (1,742,400 SF)
Zoning code
MHP
APN
014-033-011-00
UPID
US43-4367342
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lapeer Meadows Mhc LLC · 13 yrs held
Lapeer Meadows Mhc LLC
since 2012
1 recorded transaction
Zoning & alternative use
MHP · Lapeer, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dential districts. R-1 Single-Family Residential District R-2 Single-Family Residential District R-3 Single-Family Residential District RM-1 Multiple-Family Residential District RM-2 Multiple-Family Residential District MHP Manufactured Home Park District B. Nonresidential districts. OS-1 Office Service District B-1 Neighborhood Business District B-2 General…
Zone name
Manufactured Home Park
General category
RESIDENTIAL
Zone area
95.29 ac
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 Lapeer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lapeer 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$51,067
Tax year 2023
Assessed value
$3,510,300
Assessed 2024
Previous assessed
$1,465,900
+139.5% YoY
Effective rate
1.45%
On assessed value
Total market value
$7,020,600
Applied tax rate
14.0000
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
672 SF
Lot
40 ac (1,742,400 SF)
Zoning code
MHP
APN
014-033-011-00
UPID
US43-4367342
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MHP · Lapeer, MIZoning MHP · permitted uses
MHP · Lapeer, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dential districts. R-1 Single-Family Residential District R-2 Single-Family Residential District R-3 Single-Family Residential District RM-1 Multiple-Family Residential District RM-2 Multiple-Family Residential District MHP Manufactured Home Park District B. Nonresidential districts. OS-1 Office Service District B-1 Neighborhood Business District B-2 General Business District B-3 Regional Business District CBD-1 Central Business District C
Zone name
Manufactured Home Park
General category
RESIDENTIAL
Zone area
95.29 ac
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
40 ac
Current owner
From public records · entity-resolved
Lapeer Meadows Mhc LLC
Entity
Mailing address
4893 ROCHESTER RD STE D, TROY, MI 48085-4971
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2012
—
Lapeer Meadows Mhc LLC
Lapeer Meadows LLC
Quit Claim Deed
related
$2,625,000 · Wells Fargo Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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