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Property profile & analytics
OFF-MARKET
Flex space
248 Elba Rd Lapeer, MI 48446-2740
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4331285
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Total area
7,224 SF
Lot
1.54 ac (67,300 SF)
Zoning code
RA
APN
008-007-038-00
UPID
US43-4331285
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
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
Diverse Property Mgmt LLC · 10 yrs held
Diverse Property Mgmt LLC
since 2015
6 recorded transactions
Zoning & alternative use
RA · Lapeer, 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 Lapeer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lapeer 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
$2,335
Tax year 2023
Assessed value
$146,200
Assessed 2024
Previous assessed
$132,300
+10.5% YoY
Effective rate
1.60%
On assessed value
Total market value
$292,400
Applied tax rate
8.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
7,224 SF
Lot
1.54 ac (67,300 SF)
Zoning code
RA
APN
008-007-038-00
UPID
US43-4331285
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RA · Lapeer, MI
Zoning RA · permitted uses
RA · Lapeer, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lapeer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
1.54 ac
Current owner
From public records · entity-resolved
Diverse Property Mgmt LLC
Entity
Mailing address
2056 BULLOCK RD, LAPEER, MI 48446-9705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2015
$100,000
Diverse Property Mgmt LLC
Youmans,robert J & Martha J
Warranty Deed
$80,000 · Talmer Bk & Tr
Sep 4, 2014
—
Robert J Youmans
Youmans James O
Quit Claim Deed
related
—
Jul 8, 2014
$8,000
James O Youmans
Santee Joyce H
Grant Deed
—
Jun 2, 2014
—
James O Youmans
Harvey,brent L & Deborah O
Quit Claim Deed
related
—
Apr 15, 2014
$8,762
James O Youmans
Harvey,joel C & Sharon K
Quit Claim Deed
related
—
Feb 1, 2007
$2,307
Top Kik Kamper Mfg
Treasurer Of Lapeer County
Grant Deed
related
—
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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