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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Automotive properties
677 Lapeer Rd Lake Orion, MI 48362-2919
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1226605
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1967
Total area
11,655 SF
Lot
0.9 ac (39,204 SF)
Zoning code
BI
APN
O -09-11-430-021
UPID
US43-1226605
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
-
Victory Motors Lake Orion Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
S E A Enterprises Of Lake Orion LLC · 2 yrs held
S E A Enterprises Of Lake Orion LLC
since 2024
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
ZONING ORDINANCE
Top alternative use upside
Commercial (general)
$2.1M
+43.7%
Restaurant
$2.0M
+41.2%
Retail stores
$2.0M
+37.7%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
$1,790,000
ML approach
$1,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,430,000
Current use
COMMERCIAL (GENERAL)
$2,055,000
Change: +44% · Conversion: Moderate
RESTAURANT
$2,015,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$1,965,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$1,840,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,365,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.79M (Apr 25 2024)
Last sale anchor
$1.79M
Apr 25 2024
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
$154 / 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
$15,860
Tax year 2023
Assessed value
$429,410
Assessed 2024
Previous assessed
$408,280
+5.2% YoY
Effective rate
3.69%
On assessed value
Total market value
$858,820
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
11,655 SF
Lot
0.9 ac (39,204 SF)
Zoning code
BI
APN
O -09-11-430-021
UPID
US43-1226605
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Lake Orion, MIZoning BI · permitted uses
BI · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
ZONING ORDINANCE
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
S E A Enterprises Of Lake Orion LLC
Entity
Free & Clear · 2 yrs held
Mailing address
29169 23RD MILE RD, CHESTERFIELD, MI 48047-1857
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$1,787,500
S E A Enterprises Of Lake Orion LLC
Brothers LLC
Warranty Deed
—
Aug 14, 2012
$880,000
Brothers LLC
Milosch Properties LLC
Warranty Deed
—
Feb 4, 2000
—
Milosch Properties LLC
Milosch,donald & Geraldine T
Quit Claim Deed
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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