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Property profile & analytics
FOR LEASE
Industrial properties
5160 Lakeshore Rd, Lexington, MI 48450-8334
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3622237
For Lease
1 / 6
$8,640/Mo
5160 Lakeshore Rd, Lexington, MI 48450-8334
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Property summary
AI-generated overview
This single-story, 20,737-square-foot Class C industrial warehouse, built in 1980, is situated on a 10-acre lot (APN 152-025-100-020-01) in the Central Business District, across from the Lexington Water Tower. The property features three suites, with a minimum divisible space of 3,690 square feet and a maximum contiguous space of 20,737 square feet; currently, the entire building (20,737 sq ft) is vacant. The building boasts a 12-foot ceiling height and eight drive-in doors, making it ideal for various distribution and warehousing needs. Heavy power is available throughout the facility. Ample parking is provided for each unit. The building has recently undergone improvements, including a new roof, and features a fully air-conditioned unit. This property presents a unique opportunity for businesses seeking flexible space in a convenient location. The zoning designation is Central Business District. No elevators are present.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
APN
152-025-100-010-00
UPID
US43-3622237
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
-
Woodpecker Enterprises, Inc. Mill Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L And G Holman LLC · 9 yrs held
L And G Holman LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,298
Tax year 2022
Assessed value
$208,700
Assessed 2023
Previous assessed
$197,800
+5.5% YoY
Effective rate
2.06%
On assessed value
Total market value
$417,400
Applied tax rate
1,520.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
APN
152-025-100-010-00
UPID
US43-3622237
Jurisdiction
SANILAC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
L And G Holman LLC
Entity
Free & Clear · 9 yrs held
Mailing address
30745 COUNTRY RDG CIR, FARMINGTON HILLS, MI 48331-1108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2017
$190,000
L And G Holman LLC
Gac Corporation
Warranty Deed
—
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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