Property profile

720 Lapeer Rd Lake Orion, MI 48362

OFF-MARKET
Office buildings
Property ID
US43-1177435
8,822 SF 1.34 ac lot Built 2001
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 8,822 SF
Lot 1.34 ac (58,370 SF)
Zoning code BI
APN O -09-02-276-009
UPID US43-1177435

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
  • Physician
  • Financial Advisor
  • Employment Agency
  • Pediatrician Physician
  • Law Firm

Location

720 Lapeer Rd Lake Orion, MI 48362-4011
Lake Orion metro Census 128000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$570k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2022
$3.2M
2001
Price N/A
1999
$239,000
1969
Price N/A

Zoning & alternative use

BI · Lake Orion, MI
Top alternative use upside
Commercial (general) $1.6M +50.2%
Restaurant $1.5M +47.6%
Retail stores $1.5M +43.9%

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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