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    4010 Oak St Metamora, MI 48455
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    4010 Oak St, Metamora, MI 48455

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    • Retail space
    • 1,558 SF
    • 0.07 lot acres
    For Sale
    $395,000
    View Listing →
    Metamora Industrial Storefront Opportunity For Sale
    $395,000
    1,558 SF

    Metamora Industrial Storefront Opportunity

    Historic building, prime location, high business potential.

    4010 Oak St, Metamora, MI 48455
    View Listing
    Property ID
    US43-4334455
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Classic Horse Equestrian Jewelry Collection / (Bike/Boat/Book/etc) Store
    • Design Works Custom Jewelry Studio. / (Bike/Boat/Book/etc) Store

    Property Details for 4010 Oak St

    Lot size
    0.07 lot acres
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    045-516-040-10
    APU
    4551604010

    Description

    This exceptional 1,558 square foot industrial storefront property presents a fantastic investment opportunity in the charming town of Metamora, Michigan. Located on a busy main street, this historic building offers significant potential for a variety of businesses. The property boasts extensive remodeling, ensuring a move-in ready condition for the new owner. Situated on a 0.07-acre lot, the building provides ample space for operations and potential expansion. The property's prime location within a thriving small town guarantees high visibility and accessibility to a steady stream of customers. The asking price is $395,000. This is a rare chance to acquire a well-maintained, historically significant commercial property in a desirable location with proven business potential. The property is being sold "as is," with the buyer responsible for verifying all information. Don't miss this unique opportunity to establish your business in a picturesque and economically vibrant community. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Metamora
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.2896
    Latitude
    42.9414
    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
    $1,299
    $0.00
    $0.00
    $43,300
    -
    $0.00
    $0.00
    $86,600

    Comparable in this City

    • Value Estimation by Request
      2,464 SF

      3973 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      3973 Oak St, Metamora, MI 48455-9769
      View Details
    • Value Estimation by Request
      3,888 SF

      3383 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES)
      3383 Lapeer Rd, Metamora, MI 48455-8968
      View Details
    • Value Estimation by Request
      1,082 SF

      4030 Oak St

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

      4012 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      4012 Oak St, Metamora, MI 48455-9120
      View Details
    • Value Estimation by Request
      2,640 SF

      3998 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      3998 Oak St, Metamora, MI 48455-9769
      View Details
    • Value Estimation by Request
      3,360 SF

      4018 Oak St

      RETAIL STORES (PERSONAL SERVICES)
      4018 Oak St, Metamora, MI 48455-9120
      View Details

    Similar Nearby for Sale

    • $2,200,000
      15,000 SF

      Metamora Commercial Property on M-24

      High-visibility commercial property with flexible space on approximately 9 acres.
      3420 S Lapeer Rd, Metamora, MI 48455
      View Details
    • Contact for pricing
      15,000 SF

      Commercial Service & Showroom Facility

      15,000 SF facility on 9 acres with high visibility.
      3420 S Lapeer Rd, Metamora, MI 48455
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    • $3,300,000
      15,000 SF

      3420 Lapeer Rd, Metamora, MI 48455

      Industrial properties
      3420 Lapeer Rd, Metamora, MI 48455
      View Details
    • $395,000
      1,558 SF

      Metamora Industrial Storefront Opportunity

      Historic building, prime location, high business potential.
      4010 Oak St, Metamora, MI 48455
      View Details
    • $3,699,999
      Pending

      500+ Acres of Premium Land

      Rare opportunity: 500+ acres in southern Lapeer County, Michigan.
      3131 S Lapeer Rd, Metamora, MI 48455
      View Details
    View Listing
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    Metamora, MI 48455
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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.

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