New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,755,000
Motels
2755 Lapeer Rd, Orion, MI 48360-2239
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1420573
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2000
Total area
39,366 SF
Lot
1.29 ac (56,192 SF)
Zoning code
BI
APN
O -09-23-402-023
UPID
US43-1420573
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
-
Hertz Car Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.76M
Owner & transaction history
Asht Laxmi LLC · 4 yrs held
Asht Laxmi LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
BI · Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+351.1%
Auto repair, garage
$3.7M
+320.6%
Office building
$3.2M
+264.0%
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 Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orion 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
Method
Estimation
Statistic approach
$2,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,935,000
Change: +351% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,670,000
Change: +321% · Conversion: Difficult
OFFICE BUILDING
$3,175,000
Change: +264% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,420,000
Change: +177% · Conversion: Difficult
Blend value · Realmo final
$2.76M
Range $2.48M – $3.03M · ±10% · vs last sale $2.70M (Mar 14 2022)
Last sale anchor
$2.70M
Mar 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
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
$108,153
Tax year 2023
Assessed value
$1,574,340
Assessed 2024
Previous assessed
$1,502,520
+4.8% YoY
Effective rate
6.87%
On assessed value
Total market value
$3,148,680
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2000
Heating
HEAT PUMP
Buildings
2
Stories
1
Units
1
Total area
39,366 SF
Lot
1.29 ac (56,192 SF)
Zoning code
BI
APN
O -09-23-402-023
UPID
US43-1420573
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Orion, MI
Zoning BI · permitted uses
BI · Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.4M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
HEAT PUMP
Stories
1
Buildings
2
Units
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Asht Laxmi LLC
Entity
Mailing address
2755 S LAPEER RD, ORION, MI 48360-2239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2022
$2,700,000
Asht Laxmi LLC
Prime Hospitality Group LLC
Warranty Deed
$2,950,000 · Home Loan And Investment Bank Fsb
Aug 9, 2019
—
Prime Hospitality Group INC
Palace Hospitality INC
Grant Deed
related
$2,448,000 · Oxford Bk
Dec 18, 2013
—
Palace Hospitality INC
Palace Holdings LLC
Quit Claim Deed
$900,000 · Bank Of Mi
Mar 3, 2011
—
Palace Holdings LLC
Palace Investments INC
Quit Claim Deed
—
Jun 2, 2004
—
Palace Investments INC
Telerent Leasing Corp
Grant Deed
related
—
Oct 11, 2000
$753,000
Palace Investments INC
Palatash Investments INC
Grant Deed
related
$2,800,000 · Comerica Bank
Mar 16, 1998
—
Palatash Investment INC
Palatash,alexander
Quit Claim Deed
related
—
Mar 9, 1998
$350,000
Palatash Investments INC
Lucarelli,donald & Mary A
Trustees Deed
—
Mar 9, 1998
—
Amer-trans INC
Palatash Investments INC
Trustees Deed
related
—
—
—
Palace Holdings LLC
—
Deed Of Trust
related
$773,725 · Bank Of Mi
—
—
Palace Investments INC
—
Deed Of Trust
related
$225,000 · Oakland Commerce Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2755 Lapeer Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
