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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3537 Lapeer Rd Metamora, MI 48455-8938

    • Showrooms
    • 8,280 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4365566
    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

    • Northern Comfort Systems Inc. / Hvac Contractor / Air Conditioning Contractor
    • First Rate Plumbing / Plumber

    Property Details for 3537 Lapeer Rd

    Year built
    1976
    Lot size
    2.00 lot acres
    Property size
    8,280 SF
    Zone code
    B-2
    Property type
    Showrooms
    APN
    015-008-004-00
    APU
    1500800400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Metamora
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3129
    Latitude
    42.9549
    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
    $4,386
    $0.00
    $0.00
    $139,900
    -
    $0.00
    $0.00
    $279,800

    Comparable in this City

    • Value Estimation
      $680,000
      9,600 SF

      3549 Lapeer Rd

      SHOW ROOM, WAREHOUSE • 9,600 SF
      3549 Lapeer Rd, Metamora, MI 48455-8938
      View Details
    • Value Estimation by Request
      3,888 SF

      3383 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,888 SF
      3383 Lapeer Rd, Metamora, MI 48455-8968
      View Details
    • Value Estimation
      $145,000
      1,082 SF

      4030 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 1,082 SF
      4030 Oak St, Metamora, MI 48455-9120
      View Details
    • Value Estimation by Request
      2,464 SF

      3973 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 2,464 SF
      3973 Oak St, Metamora, MI 48455-9769
      View Details
    • Value Estimation by Request
      1,558 SF

      4010 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 1,558 SF
      4010 Oak St, Metamora, MI 48455-9120
      View Details
    • Value Estimation by Request
      795 SF

      4012 Oak St

      RETAIL STORES (PERSONAL SERVICES) • 795 SF
      4012 Oak St, Metamora, MI 48455-9120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      980 SF

      Metamora, MI Manufactured Homes

      Quiet, cozy community; pet-friendly.
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    • $579,000

      40 Acres of Recreational Land

      Large parcel ideal for recreation, hunting, or development.
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      Land For Sale Metamora

      Land available for sale in Metamora, Michigan.
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    • $3,300,000
      15,000 SF

      3420 Lapeer Rd, Metamora, MI 48455

      Industrial properties • 15,000 SF
      3420 Lapeer Rd, Metamora, MI 48455
      View Details
    • $99,000
      2.43 Acres

      Commercial Land in Metamora, MI

      Vacant commercial land with development opportunities in Lapeer County.
      00 Pratt Rd, Metamora, MI 48455
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,157 SF

      Freestanding Building with Drive-Through

      Former Rite-Aid with drive-through, suitable for various businesses.
      3939 S Lapeer Rd, Metamora, MI 48455
      View Details
    • $11 SF/Yr
      9,608 SF

      Metamora Office Space For Rent

      9,608 SF office space available for lease.
      3549 S Lapeer Rd, Metamora, MI 48455
      View Details
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    Metamora, MI 48455-8938
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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