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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Automotive properties
3800 Lapeer Rd Lake Orion, MI 48359-1325
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1362782
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1996
Total area
45,132 SF
Lot
10.45 ac (455,202 SF)
Zoning code
BI
APN
O -09-26-300-007
UPID
US43-1362782
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
-
Serra Chrysler Dodge Jeep RAM Lake Orion Car Dealership Auto Repair Shop
-
Milosch's Palace Chrysler Dodge Jeep Ram Auto Repair Shop
-
Serra Chrysler Dodge Jeep Ram Service and Parts Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$7.32M
Owner & transaction history
Serra Works Of Lake Orion LLC · 2 yrs held
Serra Works Of Lake Orion LLC
since 2024
5 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE
Top alternative use upside
Commercial (general)
$8.0M
+43.7%
Restaurant
$7.8M
+41.2%
Retail stores
$7.6M
+37.7%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,530,000
Current use
COMMERCIAL (GENERAL)
$7,950,000
Change: +44% · Conversion: Moderate
RESTAURANT
$7,810,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$7,620,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$7,125,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$5,295,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10%
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
$162 / 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
$131,790
Tax year 2023
Assessed value
$3,340,020
Assessed 2024
Previous assessed
$3,222,280
+3.7% YoY
Effective rate
3.95%
On assessed value
Total market value
$6,680,040
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1996
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
45,132 SF
Lot
10.45 ac (455,202 SF)
Zoning code
BI
APN
O -09-26-300-007
UPID
US43-1362782
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Lake Orion, MIZoning BI · permitted uses
BI · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RESTAURANT
Est. value
$7.8M
RETAIL STORES
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1996
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
10.45 ac
Current owner
From public records · entity-resolved
Serra Works Of Lake Orion LLC
Entity
Mailing address
102 W SILVER LK RD STE #300, FENTON, MI 48430-2847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2024
—
Serra Works Of Lake Orion LLC
3dm Corp
Warranty Deed
$19,750,000 · The Huntington National Bank
Oct 29, 2019
—
3dm Corp
—
Grant Deed
related
$6,100,000 · Ally Bk
Feb 26, 2015
—
Milosch Leasing & Rental INC
3dm Corp
Quit Claim Deed
related
—
Feb 15, 2012
—
3dm Corp
3dm Corp
Quit Claim Deed
related
—
—
—
3 Dm Corp
—
Deed Of Trust
related
$3,234,980 · Oxford Bank & Trust
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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