Financial
Distress signals
Property profile

1488 Lapeer Rd Lake Orion, MI 48360

OFF-MARKET
Retail space
Property ID
US43-1920290
6,183 SF 1.62 ac lot Built 1988
Last sale May 2009
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail space configured within a NNN (triple-net) structure model, with a total interior size of 2,097 square feet. It is located at 1488 S Lapeer Rd in Lake Orion, Michigan (48360), positioned directly along a main road corridor that serves local retail traffic. The space is laid out to function as a smaller-footprint retail unit within the stated gross area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value · 2024$481k
Effective rate4.55%

Value estimate

· Sep 2026
$340k
$306k – $374k
Submarket $/SF estimate$1.43M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$169/SF
County average, outlier-cleaned · 385 recorded sales of this use type
Observed band · Q1–Q3$79 – $263
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.6
Nail Salon9.8
Electrical Service9.8

Location

1488 Lapeer Rd Lake Orion, MI 48360-1437
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 14 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
1140 Lapeer, Lake Orion, MI 48360-1430 $245,000 Sep 2022 2,380 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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