Property profile

25 Lapeer St B Lake Orion, MI 48362

OFF-MARKET
Medical Office Space
Property ID
US43-0121060
2,856 SF 0.15 ac lot Built 1960
Entity Owned 26-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1960
Total area 2,856 SF
Lot 0.15 ac (6,534 SF)
Zoning code BI
APN OL-09-02-480-016
UPID US43-0121060

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
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Hair Salon Nail Salon
  • Alternative Medicine Practice

Location

25 Lapeer St, Unit B Lake Orion, MI 48362-3182
Lake Orion metro Census 129000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$652k
Blend (final) Blend
$165k

Owner & transaction history

since 2000
1 recorded transaction
2000
Price N/A

Zoning & alternative use

BI · Lake Orion, MI
Top alternative use upside
Commercial (general) $505,000 +11.6%
Retail stores $480,000 +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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