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    Property profile & analytics

    507 Lakeville Rd Leonard, MI 48367-3844

    • Motels
    • 3,618 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1214542
    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.

    Current Use by Public Records

    • Motels

    Property Details for 507 Lakeville Rd

    Year built
    1950
    Lot size
    0.33 lot acres
    Property size
    3,618 SF
    Zone code
    SELECTCODE
    Property type
    Motels
    APN
    A -05-27-329-001
    APU
    A0527329001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leonard
    County
    Oakland
    State
    Michigan
    Longitude
    -83.151
    Latitude
    42.8211
    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
    $5,688
    $0.00
    $0.00
    $129,390
    -
    $0.00
    $0.00
    $258,780

    Comparable in this City

    • Value Estimation by Request
      1,382 SF

      532 Lakeville Rd

      MOTEL • 1,382 SF
      532 Lakeville Rd, Leonard, MI 48367-3436
      View Details
    • Value Estimation by Request
      11.93 Acres

      Leonard, MI 48367

      INDUSTRIAL - VACANT LAND • 11.93 Acres
      Leonard, MI 48367
      View Details
    • Value Estimation by Request
      47.88 Acres

      Leonard, MI 48367

      INDUSTRIAL - VACANT LAND • 47.88 Acres
      Leonard, MI 48367
      View Details
    • Value Estimation by Request
      2.00 Acres

      Leonard, MI 48367

      INDUSTRIAL - VACANT LAND • 2.00 Acres
      Leonard, MI 48367
      View Details
    • Value Estimation by Request
      72.05 Acres

      Leonard, MI 48367

      INDUSTRIAL - VACANT LAND • 72.05 Acres
      Leonard, MI 48367
      View Details
    • Value Estimation by Request
      2,346 SF

      4 Elmwood

      GROCERY, SUPERMARKET • 2,346 SF
      4 Elmwood, Leonard, MI 48367-1700
      View Details

    Similar Nearby for Sale

    • $8,225,000
      228.46 Acres

      Michigan Farm & Residential Land

      228 Acres, Oakland County, MI
      1650 Yule Rd, Leonard, MI 48367
      View Details
    • $320,000

      Private Lakefront Land Parcel

      Land parcel with lake access and mature hardwoods.
      00 Hagerman Parcel 2 Rd, Leonard, MI 48367
      View Details
    • $299,000

      Vacant Land on Knights Bridge

      4.23 acres of vacant land for sale.
      4.23 Acres Vl - Knights Brg Rd, Leonard, MI 48367
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    • $249,990

      Commercial Land For Sale

      Commercial land available for sale.
      4444 Forest St, Leonard, MI 48367
      View Details
    • $375,000

      Oakland County Land Parcel

      Land parcel with lakefront views, suitable for residential development.
      000 Hagerman Parcel 3 Rd, Leonard, MI 48367
      View Details
    • $159,900

      Vacant Commercial Parcel on Rochester

      4.36-acre commercial land with high visibility and business zoning.
      433 Rochester Rd, Leonard, MI 48367
      View Details
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    507 Lakeville Rd
    Leonard, MI 48367-3844
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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