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Property profile & analytics
FOR LEASE
Office buildings
606 N Saginaw St, Lapeer, MI 48446
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-4374470
For Lease
1 / 3
$16 SF/Yr
606 N Saginaw St, Lapeer, MI 48446
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Property summary
AI-generated overview
This exceptional 10,094 square foot executive office building, located at 606 N Saginaw St in Lapeer, Michigan, presents a fantastic leasing opportunity. Built in 1910 and extensively renovated in 2012, the property boasts a blend of historical charm and modern functionality. The building is zoned OS-1 and sits on a sizable 0.74-acre lot (APN: L20-18-700-040-00). Currently, there are multiple suites available for lease, ranging from a minimum of 214 square feet to a maximum contiguous space of 1,090 square feet. A total of 1,821 square feet is currently vacant and ready for immediate occupancy. This presents an ideal opportunity for businesses seeking flexible and adaptable office space in a prime Lapeer location. The building's convenient location in Lapeer County, Michigan, (zip code 48446) offers easy access to major transportation routes and local amenities. This is a rare chance to secure high-quality office space in a well-maintained building with a rich history. Inquire today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
10,094 SF
Lot
0.39 ac (16,814 SF)
Zoning code
OS1 OFF
APN
L20-18-700-040-00
UPID
US43-4374470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$650k
Owner & transaction history
Neighbors Of Lapeer Office LLC · 3 yrs held
Neighbors Of Lapeer Office LLC
since 2022
4 recorded transactions
Zoning & alternative use
OS1 OFF · Lapeer, MI
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 Lapeer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lapeer 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$64 / 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
$10,171
Tax year 2023
Assessed value
$246,600
Assessed 2024
Previous assessed
$209,500
+17.7% YoY
Effective rate
4.12%
On assessed value
Total market value
$493,200
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1910
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
10,094 SF
Lot
0.39 ac (16,814 SF)
Zoning code
OS1 OFF
APN
L20-18-700-040-00
UPID
US43-4374470
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS1 OFF · Lapeer, MI
Zoning OS1 OFF · permitted uses
OS1 OFF · Lapeer, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lapeer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Neighbors Of Lapeer Office LLC
Entity
Mailing address
606 N SAGINAW ST STE A, LAPEER, MI 48446-4000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Neighbors Of Lapeer Office LLC
Riverview Lapeer LLC
Warranty Deed
$300,000 · Sterling Federal Bank Fsb
Aug 11, 2020
—
Roland,s Haddad Rev Livi Trust
Roland S Haddad
Quit Claim Deed
related
—
Jul 24, 2020
—
Louis G Haddad
—
Deed
related
—
—
—
Louis G Haddad
—
Loan Modification
related
—
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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