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    Property profile & analytics

    324 Nepessing St Lapeer, MI 48446-2149

    • Retail space
    • 1,830 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $160,000
    Last Sale
    Mar 15, 2024
    $150,000
    Location Intelligence
    Property ID
    US43-4374702
    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

    • Retail space

    Property Details for 324 Nepessing St

    Year built
    1960
    Lot size
    0.05 lot acres
    Property size
    1,830 SF
    Zone code
    CBD1 CEN BUS
    Property type
    Retail space
    APN
    L20-09-600-040-00
    APU
    L200960004000

    Description

    This exceptional storefront property, located at 324 W Nepessing St in Lapeer, Michigan, presents a fantastic investment opportunity. Boasting 1,830 square feet of space, this commercially zoned building is priced at $219,900, translating to $120.16 per square foot. Constructed in 1960, the building currently features a soundproofed recording studio layout, but its free-span interior offers immense flexibility for a variety of commercial uses. The property's prime location in the heart of downtown Lapeer provides unparalleled access to a vibrant and bustling environment. Surrounded by popular restaurants, shops, and frequent events, this location ensures high visibility and foot traffic, ideal for a thriving business. The property is situated in Lapeer County, Michigan, with the zip code 48446. This is a rare chance to acquire a well-positioned commercial space in a thriving downtown area, ready for your business vision. The property's commercial zoning ensures a wide range of potential uses, making it an attractive investment for entrepreneurs and business owners alike. Don't miss this chance to establish your business in the heart of Lapeer.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $175,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $200,000
      Mixed-Use
      $190,000
      Hospitality
      $190,000
      Educational
      $195,000
      Residential Income
      $165,000
      Energy
      $165,000
      Income-Based Land
      $150,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3121
    Latitude
    43.0543
    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
    $1,502
    $0.00
    $0.00
    $37,300
    -
    $0.00
    $0.00
    $74,600

    Comparable in this City

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    • Value Estimation by Request
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      1965 Farnsworth Rd

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    • Value Estimation by Request
      695 SF

      1809 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 695 SF
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    • Value Estimation by Request
      2,640 SF

      311 Higgins St

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
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    • Value Estimation by Request
      1,320 SF

      Lk Nepessing Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      Lk Nepessing Rd, Lapeer, MI 48446
      View Details
    • Value Estimation by Request
      1,984 SF

      2190 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,984 SF
      2190 Lapeer Rd, Lapeer, MI 48446-8627
      View Details

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    Lapeer, MI 48446-2149
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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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