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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Industrial land
837 Lapeer Rd Oxford, MI 48371-5084
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-2539436
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.24 ac (10,454 SF)
Zoning code
IV
APN
PO-04-26-327-014
UPID
US43-2539436
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
-
Dr. Charles W. Munk, DDS Dental Office
-
Frederick J. Miller Law Firm
-
Jacquelyn Buffo Counselor
-
Munk & Associates Orthodontic Specialists Dental Office
-
Donald A Bourbeau PC Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Wolf Lapeer LLC · 2 yrs held
Wolf Lapeer LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
IV · Oxford, 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 Oxford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oxford 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
$1,290,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.29M (Mar 11 2024)
Last sale anchor
$1.29M
Mar 11 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
—
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
$344
Tax year 2023
Assessed value
$7,810
Assessed 2024
Previous assessed
$7,430
+5.1% YoY
Effective rate
4.40%
On assessed value
Total market value
$15,620
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,454 SF)
Zoning code
IV
APN
PO-04-26-327-014
UPID
US43-2539436
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IV · Oxford, MI
Zoning IV · permitted uses
IV · Oxford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oxford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Wolf Lapeer LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4904 ELMGATE DR, ORCHARD LAKE, MI 48324-3009
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
$1,290,000
Wolf Lapeer LLC
837 S Lapeer LLC
Warranty Deed
—
Apr 17, 2023
—
837 S Lapeer LLC
Leopard And Polarbear Properties Ll
Warranty Deed
—
Apr 12, 2018
$800,000
Leopard & Polar Bear Properties LLC
Oxford Professional Center LLC
Warranty Deed
$1,300,000 · Oxford Bank
Dec 29, 2016
—
Leopard & Polar Bear Propertie
Oxford Professional Center LLC
Grant Deed
related
—
Sep 30, 2010
—
Oxford Professional Center LLC
Walton Theodore B Trust
Quit Claim Deed
related
—
May 29, 2008
—
Oxford Professional Center LLC
Walton,nancy C
Quit Claim Deed
related
—
Nov 13, 2007
—
Walton Theodore B Trust
Walton,theodore B
Quit Claim Deed
related
—
Jan 31, 2001
$12,000
Oxford Professional Center
Thompson Trust
Grant 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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