Property profile

151 Premier Dr Lake Orion, MI 48359

OFF-MARKET
Manufacturing properties
Property ID
US43-1748196
18,691 SF 1.86 ac lot Built 1999
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1999
Total area 18,691 SF
Lot 1.86 ac (81,022 SF)
Zoning code II
APN O -09-35-451-004
UPID US43-1748196

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
  • Industrial Manufacturer Production Facility

Location

151 Premier Dr Lake Orion, MI 48359-1882
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
$1.83M
Blend (final) Blend
$400k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
1999
Price N/A
1969
Price N/A

Zoning & alternative use

II · Lake Orion, MI
Top alternative use upside
Auto repair, garage $2.3M +51.4%
Office building $2.2M +44.9%
Neighborhood: shopping center $1.7M +14.9%

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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