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Property profile & analytics
OFF-MARKET
Auto shops
215 Lafayette St South Lyon, MI 48178-1405
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US43-0228403
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1970
Total area
1,254 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BI
APN
80-21-29-104-007
UPID
US43-0228403
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
-
South Lyon Motors Inc Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Lyon Motors Real Estate LLC · 17 yrs held
South Lyon Motors Real Estate LLC
since 2008
7 recorded transactions
Zoning & alternative use
BI · South Lyon, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance FINAL with hyperlinks
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 South Lyon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Lyon 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,863
Tax year 2023
Assessed value
$80,620
Assessed 2024
Previous assessed
$77,070
+4.6% YoY
Effective rate
4.79%
On assessed value
Total market value
$161,240
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1970
Heating
GAS
Stories
1
Units
1
Bathrooms
1
Total area
1,254 SF
Lot
0.29 ac (12,632 SF)
Zoning code
BI
APN
80-21-29-104-007
UPID
US43-0228403
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · South Lyon, MIZoning BI · permitted uses
BI · South Lyon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance FINAL with hyperlinks
Building & site characteristics
From public records
Year built
1970
Heating
GAS
Stories
1
Units
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
South Lyon Motors Real Estate LLC
Entity
Mailing address
215 S LAFAYETTE ST, SOUTH LYON, MI 48178-1405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Oct 22, 2008
—
South Lyon Motors Real Estate LLC
South Lyon Motors INC
Quit Claim Deed
related
$430,329 · First National Bank In Howell
Sep 24, 2003
—
Bakhaus Properties LLC
Bakhaus,john W & Mary F
Quit Claim Deed
related
—
Sep 24, 2003
$670,000
South Lyons Motors INC
Steve Brown Used Cars INC
Grant Deed
$500,000 · First National Bank Howell
Sep 24, 2003
$441,500
Steve Brown Used Cars INC
Bakhaus Properties LLC
Grant Deed
—
Nov 4, 1999
$65,000
John W Bakhaus
Bakhaus,john W & Roma D
Grant Deed
related
—
—
—
John W Bakhaus
—
Deed Of Trust
related
$100,000 · D & N Bank
—
—
John W Bakhaus
—
Deed Of Trust
related
$200,000 · National City Bank Michigan/il
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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