Property profile

513 Lafayette St South Lyon, MI 48178

OFF-MARKET
Drive through restaurants
Property ID
US43-1837501
2,190 SF 0.61 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Total area 2,190 SF
Lot 0.61 ac (26,572 SF)
Zoning code BI
APN 80-21-29-151-025
UPID US43-1837501

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

513 Lafayette St South Lyon, MI 48178-1453
South Lyon metro Census 139400 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2021
6 recorded transactions
2021
Price N/A
2021
Price N/A
1998
$72,000
1998
$386,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · South Lyon, MI

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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