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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Community centers
3546 Lapeer Rd, Metamora, MI 48455-8800
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-4355916
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1977
Total area
9,730 SF
Lot
3.13 ac (136,299 SF)
Zoning code
B-2
APN
015-008-016-00
UPID
US43-4355916
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
-
Groundhog Properties LLC Construction Company General Contractor
-
Mortgage Matt- Lapeer County Loan Service Bank
-
Legends Poker Place Chess And Card Club
-
Ritual Ink Studio Tattoo & Piercing Shop
-
Visual Reflection Video Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$685k
Owner & transaction history
Randazzo Retail INC · 3 yrs held
Randazzo Retail INC
since 2023
Last sale
$670,082
7 recorded transactions
Zoning & alternative use
B-2 · Metamora, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Metamora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Metamora 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
$720,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$995,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$755,000
Change: 0% · Conversion: Easy
COMMERCIAL (GENERAL)
$675,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $670k (Jun 2 2023)
Last sale anchor
$670k
Jun 2 2023
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
$6,771
Tax year 2023
Assessed value
$254,200
Assessed 2024
Previous assessed
$239,200
+6.3% YoY
Effective rate
2.66%
On assessed value
Total market value
$508,400
Applied tax rate
15.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Buildings
3
Stories
1
Total area
9,730 SF
Lot
3.13 ac (136,299 SF)
Zoning code
B-2
APN
015-008-016-00
UPID
US43-4355916
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Metamora, MI
Zoning B-2 · permitted uses
B-2 · Metamora, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Metamora. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$995,000
RETAIL STORES
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$675,000
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1977
Heating
FORCED AIR
Stories
1
Buildings
3
Lot
3.13 ac
Current owner
From public records · entity-resolved
Randazzo Retail INC
Entity
Free & Clear · 3 yrs held
Mailing address
2326 W BUELL RD, OAKLAND, MI 48363-2106
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2023
$670,082
Randazzo Retail INC
Groundhog Properties LLC
Warranty Deed
—
Sep 12, 2018
$250,000
Tortola Holdings LLC
Jagc Properties LLC
Warranty Deed
—
Sep 12, 2018
—
Groundhog Properties LLC
Tortola Holdings LLC
Quit Claim Deed
related
$140,000 · Elga Cu
May 13, 2013
—
Tortola Holdings LLC
Jagc Properties LLC
Quit Claim Deed
related
—
—
—
Jagc Properties LLC
—
Loan Modification
related
$730,000 · Independent Bank
—
—
Groundho Proerties LLC
—
Deed Of Trust
related
$140,000 · Elga Cu
—
—
Jagc Properties LLC
—
Deed Of Trust
related
$750,000 · Independent 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.
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