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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Automotive properties
1491 Lapeer Rd Lake Orion, MI 48360-1438
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1213409
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1992
Total area
26,030 SF
Lot
7.98 ac (347,609 SF)
Zoning code
BI
APN
O -09-14-400-021
UPID
US43-1213409
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
Current use
Occupant on record · Public records
-
EV Connect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$4.26M
Owner & transaction history
G & L Properties INC · 14 yrs held
G & L Properties INC
since 2011
5 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE
Top alternative use upside
Commercial (general)
$4.6M
+43.7%
Restaurant
$4.5M
+41.2%
Retail stores
$4.4M
+37.7%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,190,000
Current use
COMMERCIAL (GENERAL)
$4,585,000
Change: +44% · Conversion: Moderate
RESTAURANT
$4,505,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$4,395,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$4,110,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$3,055,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
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
$74,607
Tax year 2023
Assessed value
$1,944,410
Assessed 2024
Previous assessed
$1,864,710
+4.3% YoY
Effective rate
3.84%
On assessed value
Total market value
$3,888,820
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
26,030 SF
Lot
7.98 ac (347,609 SF)
Zoning code
BI
APN
O -09-14-400-021
UPID
US43-1213409
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
7.98 ac
Current owner
From public records · entity-resolved
G & L Properties INC
Entity
Mailing address
1491 S LAPEER RD, LAKE ORION, MI 48360-1438
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2011
—
G & L Properties INC
—
Deed Of Trust
related
$20,300,000 · Ally Bank
Feb 5, 2010
—
G & L Properties INC
—
Deed Of Trust
related
$19,800,000 · Gmac Bank
—
—
G & L Properties INC
—
Deed Of Trust
related
$3,134,060 · Gmac Bank
—
—
G & L Properties INC
—
Loan Modification
related
$18,529,726 · Ally Bk
—
—
G & L Properties INC
—
Deed Of Trust
related
$3,137,368 · Ally Bk
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.
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