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Property profile & analytics
FOR SALE
Retail space
1559 N Lapeer Rd Oxford, MI 48371
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0178935
For Sale
1 / 2
$1,250,000
1559 N Lapeer Rd, Oxford, MI 48371
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
6,455 SF
Lot
0.82 ac (35,719 SF)
Zoning code
II
APN
P -04-16-276-006
UPID
US43-0178935
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
-
Healthy Dogma, Inc (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$535k
Owner & transaction history
Mb Darby Properties LLC · 9 yrs held
Mb Darby Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
II · Oxford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oxford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxford 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
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$83 / 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
$7,478
Tax year 2023
Assessed value
$198,820
Assessed 2024
Previous assessed
$188,960
+5.2% YoY
Effective rate
3.76%
On assessed value
Total market value
$397,640
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1989
Heating
GAS
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
6,455 SF
Lot
0.82 ac (35,719 SF)
Zoning code
II
APN
P -04-16-276-006
UPID
US43-0178935
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Oxford, MI
Zoning II · permitted uses
II · Oxford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
GAS
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Mb Darby Properties LLC
Entity
Mailing address
3271 SPRINGWOOD CT, LAKE ORION, MI 48359-1587
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2016
$460,000
Mb Darby Properties LLC
Superior Abrasive Products INC
Warranty Deed
$337,500 · Genisys Cu
Dec 12, 2011
$275,000
Superior Abrasive Products INC
P & P Investments LLC
Warranty Deed
$220,000 · Pnc Bank
Nov 5, 2002
—
P & P Investments LLC
Two Shoe Boxes INC
Quit Claim Deed
related
$385,416 · Bank One NA
Dec 29, 2000
$64,500
Bjs & Sons Const Co
Vansickle,george
Grant Deed
—
Apr 19, 1999
$422,000
Two Shoe Boxes INC
Vansickle,george & Linda L
Grant Deed
—
—
—
Two Shoe Boxes INC
—
Deed Of Trust
related
$340,000 · N B D Bank NA
—
—
Two Shoe Boxes INC
—
Deed Of Trust
related
$390,000 · Bank One NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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