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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Gas stations
415 Broadway St Lake Orion, MI 48362-4200
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-4181392
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1970
Total area
7,300 SF
Lot
0.98 ac (42,689 SF)
Zoning code
BI
APN
OL-09-11-278-043
UPID
US43-4181392
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
-
Lake Orion Quick Lube Auto Repair Shop
-
Mediterranean station Restaurant
-
Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Lmy Ventures LLC · 5 yrs held
Lmy Ventures LLC
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
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
$1,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,070,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: 0% · Conversion: Difficult
RESTAURANT
$995,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Dec 29 2020)
Last sale anchor
$1.00M
Dec 29 2020
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
$137 / 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
$26,832
Tax year 2023
Assessed value
$600,220
Assessed 2024
Previous assessed
$567,290
+5.8% YoY
Effective rate
4.47%
On assessed value
Total market value
$1,200,440
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1970
Heating
YES
Stories
1
Units
1
Total area
7,300 SF
Lot
0.98 ac (42,689 SF)
Zoning code
BI
APN
OL-09-11-278-043
UPID
US43-4181392
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$995,000
MEDICAL BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$680,000
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
YES
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Lmy Ventures LLC
Entity
Mailing address
415 S BROADWAY ST, LAKE ORION, MI 48362-4200
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
—
Lmy Ventures LLC
—
Deed
related
$500,000 · Community Choice Cu
Dec 29, 2020
$1,000,000
Lmy Ventures LLC
16 Garfield Investments LLC
Warranty Deed
$750,000 · Community Choice Cu
Dec 8, 2016
—
16 Garfield Investments LLC
Yaldo,isam S & Vivian
Warranty Deed
$500,000 · Community Choice Cu
Aug 25, 2016
—
Isam S Yaldo
S Broadway Investments LLC
Quit Claim Deed
related
—
Mar 12, 2009
$1,000,000
S Broadway Investments LLC
Yaldo,isam S & Vivian
Dual Purpose Document
$1,000,000 · Isam S & Vivian Yaldo
Sep 11, 2007
$284,043
Isam Yaldo
Sheriff Of Oakland County
Trustees Deed
related
—
—
—
Zako INC
—
Deed Of Trust
related
$500,000 · Isam S Yaldo
—
—
Oakland County Fuels INC
—
Deed Of Trust
related
—
—
—
Zako INC
—
Deed Of Trust
related
$40,000 · Tri County Petroleum INC
—
—
Isam S Yaldo
—
Deed Of Trust
related
$906,368 · Huntington National 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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