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    Property profile & analytics

    315 Lafayette St Romeo, MI 48065-5239

    • Auto shops
    • 4,813 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 18, 2023
    Location Intelligence
    Property ID
    US43-1465321
    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

    • Auto shops

    Property Details for 315 Lafayette St

    Year built
    1993
    Lot size
    0.54 lot acres
    Property size
    4,813 SF
    Zone code
    VILLAGE
    Property type
    Auto shops
    APN
    28-04-02-201-015
    APU
    280402201015

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Romeo
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0084
    Latitude
    42.8019
    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
    2022
    $3,956
    $0.00
    $0.00
    $171,600
    -
    $0.00
    $0.00
    $343,200

    Comparable in this City

    • Value Estimation
      $520,000
      6,872 SF

      223 Lafayette St

      AUTO REPAIR, GARAGE • 6,872 SF
      223 Lafayette St, Romeo, MI 48065-5296
      View Details
    • Value Estimation by Request
      2,867 SF

      454 Saint Clair St

      AUTO REPAIR, GARAGE • 2,867 SF
      454 Saint Clair St, Romeo, MI 48065-5269
      View Details
    • Value Estimation by Request
      21,312 SF

      74240 Fisher Rd

      AUTO REPAIR, GARAGE • 21,312 SF
      74240 Fisher Rd, Bruce Twp, MI 48065-2908
      View Details
    • Value Estimation by Request
      5,814 SF

      117 Lafayette St

      AUTO REPAIR, GARAGE • 5,814 SF
      117 Lafayette St, Romeo, MI 48065-5119
      View Details
    • Value Estimation by Request
      1,500 SF

      338 Lafayette St

      AUTO REPAIR, GARAGE • 1,500 SF
      338 Lafayette St, Romeo, MI 48065-5240
      View Details
    • Value Estimation by Request
      4,592 SF

      396 Sisson St

      AUTO REPAIR, GARAGE • 4,592 SF
      396 Sisson St, Romeo, MI 48065-5044
      View Details

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    Similar Nearby for Lease

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    • $1,800 /Mo

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      Charming historic office space suitable for medical or professional use.
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      Industrial property offering flexible space and outside storage options.
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    315 Lafayette St
    Romeo, MI 48065-5239
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    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
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