Property profile

1265 Lapeer Rd Lake Orion, MI 48360

OFF-MARKET
Retail space
Property ID
US43-0227964
37,908 SF 4.66 ac lot Built 1996
Entity Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 37,908 SF
Lot 4.66 ac (202,990 SF)
Zoning code BI
APN O -09-14-251-018
UPID US43-0227964

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
  • Discount Store

Location

1265 Lapeer Rd Lake Orion, MI 48360-1434
Lake Orion metro Census 128900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.14M
Blend (final) Blend
$4.66M

Owner & transaction history

since 2004
5 recorded transactions
2004
Price N/A
2001
$10,000
2001
Price N/A
1999
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Lake Orion, MI
Top alternative use upside
Commercial (general) $6.7M +4.4%
Restaurant $6.6M +2.6%

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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