Property profile

201 Lafayette St South Lyon, MI 48178

OFF-MARKET
Medical Office Space
Property ID
US43-1750661
2,166 SF 0.32 ac lot Built 1996
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1996
Total area 2,166 SF
Lot 0.32 ac (13,939 SF)
Zoning code BI
APN 80-21-29-104-036
UPID US43-1750661

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
  • Bar & Pub Restaurant
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

201 Lafayette St South Lyon, MI 48178-1405
South Lyon metro Census 139400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
$450k
Comparable Approach Comparable
$495k
Blend (final) Blend
$550k

Owner & transaction history

since 1998
Last sale
$550,000
1 recorded transaction
1998
Price N/A

Zoning & alternative use

BI · South Lyon, MI
Top alternative use upside
Commercial (general) $380,000 +11.6%
Retail stores $365,000 +6.9%

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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