Property profile

4500 Lapeer Rd Columbiaville, MI 48421

OFF-MARKET
Flex space
Property ID
US43-4327478
4,403 SF 0.89 ac lot Built 1980
Individually Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 4500 N Lapeer Rd, Columbiaville, MI 48421, offers 4,403 square feet of versatile space on a 2.23-acre lot (APN: 00602802700). Built in 1970 and renovated in 1999, the single-story building boasts multiple offices suitable for administrative and operational needs. The property features robust electrical infrastructure, including 1,600 amps of 3-phase power (408/277v) with three transformers. Climate control is ensured by six 5-ton AC units and a 27,000 BTU ductless heat pump, supplemented by a two-zone wall-mounted heater. Practical amenities include a 1,000-gallon water reservoir, natural gas, and a 12-foot roll-up door. Recent improvements include a new metal 29-gauge roof and 6" gutters (2020). An additional lot is included, providing expansion or parking possibilities. The property's high-traffic location (14,416 daily vehicles) makes it ideal for a variety of commercial uses, from offices to light manufacturing. This presents a unique opportunity for businesses seeking a well-equipped and strategically located space in a thriving area. The asking price is $575,000.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1980
Total area 4,403 SF
Lot 0.89 ac (38,638 SF)
Zoning code C
APN 006-028-027-00
UPID US43-4327478

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4500 Lapeer Rd Columbiaville, MI 48421-9778
Columbiaville metro Census 332000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2014
$186,000

Zoning & alternative use

C · Columbiaville, MI
Zoning description

District is intended to provide commercial related uses

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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