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1375 S Lapeer Rd, Orion Twp, MI 48360
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Property summary
AI-generated overview
This exceptional Class A medical office building, located at 1375 S Lapeer Rd in Orion Township, MI 48360 (South of Clarkston Road), offers 22,383 square feet of prime space for lease. Built in 2003 and extensively renovated in 2018, the property boasts a modern design and high-quality finishes. The single, two-story building sits on a spacious 6.39-acre lot and provides ample parking with 247 spaces. The flexible floor plan allows for multiple tenancy options, with spaces ranging from a minimum of 754 square feet to a maximum contiguous space of 7,278 square feet. Currently, 22,285 square feet is available for lease. The property is zoned RB Restricted Business and is situated in the desirable Lake Orion submarket within the North Oakland County cluster. Its convenient location and modern amenities make it an ideal setting for a variety of medical practices. The building's excellent condition and ample parking ensure a comfortable and efficient work environment for tenants and their clients. This is a rare opportunity to secure high-quality medical office space in a thriving Oakland County location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
53,039 SF
Lot
4.22 ac (183,823 SF)
Zoning code
BI
APN
O -09-14-251-004
UPID
US43-0228438
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
-
Medical Clinic Hospital
-
Medical Clinic
-
Medical Clinic
-
Pediatrician Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.95M
Blend (final)
Blend
$9.76M
Owner & transaction history
since 2021
5 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Top alternative use upside
Commercial (general)
$9.3M
+11.6%
Restaurant
$9.2M
+9.7%
Retail stores
$9.0M
+6.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.76M
Value range
$8.78M – $10.74M
±10% around blend
Estimated value / SF
$184 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$8.78M
blend $9.76M
$10.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,039 SF
Lot area
4.22 ac
Year built
2003
Stories
1
APN
O -09-14-251-004
Zoning
BI
Assessed value
$4,543,640
Annual tax
$208,385
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$11.95M
Range $5.27M – $12.11M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 91 sales
$158
+17%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $184/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+12%
vs current-use indication
Restaurant
Retail Stores
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.54M
Move the market yield to see immediate price impact.
Value / SF
$86
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$286k
$5.73M
$4.09M
$3.18M
$318k
$6.36M
$4.54M
$3.53M
$350k
$7.00M
$5.00M
$3.89M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$208,385
Tax year 2023
Assessed value
$4,543,640
Assessed 2024
Previous assessed
$4,436,500
+2.4% YoY
Effective rate
4.59%
On assessed value
Total market value
$9,087,280
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2003
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
53,039 SF
Lot
4.22 ac (183,823 SF)
Zoning code
BI
APN
O -09-14-251-004
UPID
US43-0228438
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Lake Orion, MIZoning BI · permitted uses
BI · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Lake Orion, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Lake Orion, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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