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    2025 N Lapeer Rd Lapeer, MI 48446
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    Property profile & analytics

    2025 N Lapeer Rd Lapeer, MI 48446

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    • Office buildings
    • 19,344 SF
    • 1.97 lot acres
    For Lease
    $2,438/Mo
    View Listing →
    Lapeer Retail Space For Rent For Lease
    $2,438/Mo
    19,344 SF

    Lapeer Retail Space For Rent

    4,500 SF retail space available in Lapeer, Michigan.

    2025 N Lapeer Road, Lapeer, MI 48446
    View Listing
    Property ID
    US43-4367277
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2025 N Lapeer Rd

    Year built
    1960
    Lot size
    1.97 lot acres
    Property size
    19,344 SF
    Zone code
    M-1
    Property type
    Office buildings
    APN
    014-020-036-00
    APU
    1402003600

    Description

    This exceptional 19,344 square foot industrial property, situated on a sizable 3.5-acre lot in Lapeer, Michigan, presents a compelling investment opportunity. Ideally located on M-24, boasting over 15,000 vehicles passing daily, and conveniently situated 4.4 miles from I-69, this property offers unparalleled accessibility and visibility. The building features four distinct bays, each designed for optimal functionality. Bay 1, measuring 58ft x 102ft (5916 sq ft), includes a front door, office space, 15ft ceilings, and a 14ft garage door. Bay 2 (30ft x 102ft, 3036 sq ft) offers office space above, 15ft ceilings, and a 12ft door. Bay 3 (30ft x 156ft, 4680 sq ft) provides a wide-open space with 15ft ceilings and a 12ft door. Finally, Bay 4 (90ft x 54ft, 4860 sq ft) features 12ft ceilings and a 10ft door. The property is currently partially tenanted, with the existing tenant expressing a desire to remain. The property is zoned industrial, providing ample room for expansion and diverse business applications. 480-volt power is available. This turnkey operation is priced at $1,399,900 and offers significant potential for immediate income and future growth. Don't miss this chance to acquire a high-demand industrial property in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,185,000
      6.5%
      $1,095,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,244,000
      Market price range: $1.24M - $3.07M
      AI Estimate
      $1,244,000
      Market price range: $1.24M - $3.07M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3088
    Latitude
    43.0881
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,750
    $0.00
    $0.00
    $269,100
    -
    $0.00
    $0.00
    $538,200

    Comparable in this City

    • Value Estimation
      $2,215,000
      34,392 SF

      1521 Imlay City Rd

      OFFICE BUILDING • 34,392 SF
      1521 Imlay City Rd, Lapeer, MI 48446-3175
      View Details
    • Value Estimation
      $905,000
      12,544 SF

      3056 Davison Rd

      OFFICE BUILDING • 12,544 SF
      3056 Davison Rd, Lapeer, MI 48446-2984
      View Details
    • Value Estimation by Request
      2,862 SF

      5450 Davison Rd

      OFFICE BUILDING • 2,862 SF
      5450 Davison Rd, Lapeer, MI 48446-2736
      View Details
    • Value Estimation by Request
      2,226 SF

      10 Genesee St

      OFFICE BUILDING • 2,226 SF
      10 Genesee St, Lapeer, MI 48446-4616
      View Details
    • Value Estimation by Request
      1,836 SF

      1135 Lapeer Rd

      OFFICE BUILDING • 1,836 SF
      1135 Lapeer Rd, Lapeer, MI 48446-3039
      View Details
    • Value Estimation by Request
      1,842 SF

      1949 Lapeer Rd

      OFFICE BUILDING • 1,842 SF
      1949 Lapeer Rd, Lapeer, MI 48446-7710
      View Details

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    Similar Nearby for Lease

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      5,908 SF

      Medical Office Space Near Hospital

      Office space conveniently located across from McLaren Lapeer Region Hospital.
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      Medical/Office Space Leasing Opportunity

      Multi-tenant medical office property with flexible sizing in established healthcare corridor.
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      Office Space For Lease

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      Lapeer Commercial Building For Lease

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      1947 N Lapeer Rd, Lapeer, MI 48446
      View Details
    View Listing
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    Lapeer, MI 48446
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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