Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    256 Broadway St Lake Orion, MI 48362-2737

    • Turn key restaurants
    • 3,673 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    May 26, 2021
    $750,000
    Location Intelligence
    Property ID
    US43-1247462
    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.

    Current Use by Public Records

    • Dr. Sunil K. Das, MD / Pediatrician
    • Dr. Kari O. Everett, MD / Pediatrician
    • Sunil Das / Pediatrician
    • Orion Boat House / Restaurant

    Property Details for 256 Broadway St

    Year built
    1992
    Lot size
    0.45 lot acres
    Property size
    3,673 SF
    Zone code
    BI
    Property type
    Turn key restaurants
    APN
    OL-09-11-226-036
    APU
    OL0911226036

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $790,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $770,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $655,000
      Geo Method
      $850,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $635,000
      Retail
      $735,000
      Mixed-Use
      $865,000
      Hospitality
      $740,000
      Educational
      $740,000
      Residential Income
      $720,000
      Energy
      $775,000
      Income-Based Land
      $680,000
      Food Service
      $725,000

    Location Insight

    • Map
    • Local Demand
    City
    Lake Orion
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2404
    Latitude
    42.7812
    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
    $16,251
    $0.00
    $0.00
    $398,000
    -
    $0.00
    $0.00
    $796,000

    Comparable in this City

    • Value Estimation by Request
      975 SF

      465 Park Blvd

      RESTAURANT • 975 SF
      465 Park Blvd, Lake Orion, MI 48362-3153
      View Details
    • Value Estimation by Request
      5,205 SF

      45 Flint St

      RESTAURANT • 5,205 SF
      45 Flint St, Lake Orion, MI 48362-3137
      View Details
    • Value Estimation by Request
      5,246 SF

      741 Lapeer Rd

      RESTAURANT • 5,246 SF
      741 Lapeer Rd, Lake Orion, MI 48362-2923
      View Details
    • Value Estimation by Request
      6,809 SF

      801 Lapeer Rd

      RESTAURANT • 6,809 SF
      801 Lapeer Rd, Lake Orion, MI 48362-2925
      View Details
    • Value Estimation by Request
      5,348 SF

      37 Flint St

      RESTAURANT • 5,348 SF
      37 Flint St, Lake Orion, MI 48362-3222
      View Details
    • Value Estimation by Request
      5,348 SF

      37 Flint St

      RESTAURANT • 5,348 SF
      37 Flint St, Lake Orion, MI 48362-3222
      View Details

    Similar Nearby for Sale

    • $149,900

      Profitable Tubby's Sub Franchise Opportunity

      Highly successful Tubby's Sub franchise in prime downtown location.
      700 S Lapeer Rd, Lake Orion, MI 48362
      View Details
    • $1,500,000
      6,809 SF

      Historic Restaurant with Lake Views

      Versatile restaurant with lake views and updated features.
      801 S Lapeer Rd, Lake Orion, MI 48362
      View Details
    • $2,300,000
      33.24 Acres

      Orion Township Industrial Land

      33 Acres, Flexible Zoning, Prime Location
      0 Lapeer Rd, Orion Township, MI 48362
      View Details
    • Contact for pricing
      1,612 SF

      Lake Orion Convenience Store Opportunity

      Existing 1,612 SF convenience store in Lake Orion for sale.
      41 N Conklin Rd, Lake Orion, MI 48362
      View Details
    • $500,000
      1,505 SF

      Auto Repair Shop on M24

      Auto repair shop with expansion potential on 1.24 acres.
      30 W Clarkston Rd, Lake Orion, MI 48362
      View Details
    • $4,000,000
      40,016 SF

      Prime Orion Twp Office/Warehouse

      40,016 SF, 6 Units, $4M Asking
      118 Indianwood Rd, Orion Township, MI 48362
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      25,375 SF

      Lake Orion Retail Center

      High-traffic retail space available.
      600-622 Lapeer Rd, Orion charter Township, MI 48362
      View Details
    • $12 SF/Yr
      26,280 SF

      Buckhorn Plaza: Orion Township Retail

      Prime Retail Space, High Visibility, Recent Upgrades
      780-820 Lapeer Rd, Orion Township, MI 48362
      View Details
    • $20 SF/Yr
      7,140 SF

      Lake Orion Retail Space Available

      7,140 SF retail space with high visibility in Lake Orion.
      600-622 S Lapeer Rd, Orion, MI 48362
      View Details
    • $6 SF/Yr
      40,016 SF

      Lake Orion Industrial Flex Space

      Modern flex warehouse space available. Multiple units, excellent location.
      118 Indianwood Rd, Orion Township, MI 48362
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    256 Broadway St
    Lake Orion, MI 48362-2737
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.