Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    844 Main St Lapeer, MI 48446-3027

    • Medical offices
    • 2,912 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2025
    $900,000
    Value Estimations
    $885,000
    Show details
    Cap Rate Potential
    3.9%
    Medical offices
    Location Intelligence
    Property ID
    US43-4374276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 844 Main St

    Year built
    1982
    Lot size
    0.47 lot acres
    Property size
    2,912 SF
    Zone code
    B2 GEN
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    L21-31-800-040-00
    APU
    L213180004000

    Description

    This exceptional 2,912-square-foot freestanding building, situated on a 0.47-acre lot in Lapeer, Michigan, presents a remarkable opportunity for businesses seeking a prime location. Boasting a highly visible position at the well-lit intersection of South Main Street and Baldwin Road, this property benefits from significant foot traffic and easy accessibility. Its strategic placement near major retailers such as Meijer, Culver's, Domino's, Tropical Smoothie, and Marshalls ensures high visibility and convenient access for clients and employees. The building is zoned B2 General Business, offering versatility for various uses, including medical, office, or retail. The property includes 20 dedicated parking spaces, a fully built-out medical space featuring three exam rooms (each with sinks), five private offices, and a spacious glass-front reception and waiting area. A full basement provides ample storage and utility access, allowing for flexible modifications. Three restrooms are available, two on the main floor and one in the basement. A reliable automatic generator ensures uninterrupted operations. This turnkey solution combines a desirable location with functional features, making it an ideal investment for businesses seeking to establish or expand their presence in a thriving commercial area. The property's address is 844 S Main St, Lapeer, MI 48446, and is located in Lapeer County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3216
    Latitude
    43.0401
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,381
    $0.00
    $0.00
    $281,700
    -
    $0.00
    $0.00
    $563,400

    Comparable in this City

    • Value Estimation by Request
      4,096 SF

      3257 Davison Rd

      MEDICAL BUILDING • 4,096 SF
      3257 Davison Rd, Lapeer, MI 48446-2581
      View Details
    • Value Estimation by Request
      3,064 SF

      1245 Main St

      MEDICAL BUILDING • 3,064 SF
      1245 Main St, Lapeer, MI 48446-1346
      View Details
    • Value Estimation by Request
      7,350 SF

      1739 Saginaw St

      MEDICAL BUILDING • 7,350 SF
      1739 Saginaw St, Lapeer, MI 48446-7627
      View Details
    • Value Estimation by Request
      7,258 SF

      1031 Suncrest Dr

      MEDICAL BUILDING • 7,258 SF
      1031 Suncrest Dr, Lapeer, MI 48446-1136
      View Details
    • Value Estimation
      $1,070,000
      7,479 SF

      1057 Suncrest Dr

      MEDICAL BUILDING • 7,479 SF
      1057 Suncrest Dr, Lapeer, MI 48446-4404
      View Details
    • Value Estimation by Request
      8,322 SF

      1176 5th S Lapeer Rd

      MEDICAL BUILDING • 8,322 SF
      1176 5th S Lapeer Rd, Lapeer, MI 48446
      View Details

    Similar Nearby for Sale

    • $499,900

      Commercial/Industrial Space in Demille Park

      Commercial/industrial space with office, remodeled lobby, and bay door.
      840 Whitney Dr, Lapeer, MI 48446
      View Details
    • $249,900
      Pending

      Lapeer Office with Ample Land

      Office property on 4.4 acres suitable for various businesses.
      550 S Saginaw St, Lapeer, MI 48446
      View Details
    • $479,000

      Commercial Property with Two Buildings

      Two-building commercial property featuring retail, office, shop, and storage spaces.
      1830 N Lapeer Rd, Lapeer, MI 48446
      View Details
    • $299,000
      7,764 SF

      Lapeer Commercial Property For Sale

      Versatile commercial property in Lapeer, MI, ideal for customization.
      1996 W Oregon St, Lapeer, MI 48446
      View Details
    • $150,000
      2,600 SF

      Lapeer Commercial Building For Sale

      Two-story commercial building with potential for multiple uses.
      279 N Court St, Lapeer, MI 48446
      View Details
    • $155,000

      Land For Sale

      Land available for sale.
      00 Rulane Dr, Lapeer, MI 48446
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      14,894 SF

      Lapeer Medical Office Building For Lease

      Modern medical office space, ample parking.
      1794 Lapeer Rd, Lapeer, MI 48446
      View Details
    • $15 SF/Yr
      11,128 SF

      800 West Street Office Suites

      Lapeer, MI Class A Office Space
      800 West St, Lapeer, MI 48446
      View Details
    • Contact for pricing
      5,908 SF

      Medical Office Space Near Hospital

      Office space conveniently located across from McLaren Lapeer Region Hospital.
      1200 Barry Dr, Lapeer, MI 48446
      View Details
    • $1,850 /Mo

      Office and Retail Space Available

      Newly renovated office and retail space for rent.
      323 East Genesee St, Lapeer, MI 48446
      View Details
    • $2,500 /Mo
      1,100 SF

      Lapeer Commercial Building For Lease

      2,300 sq ft commercial building on high-traffic M-24.
      1947 N Lapeer Rd, Lapeer, MI 48446
      View Details
    • $16 SF/Yr
      10,094 SF

      Riverview Professional Office Space

      Lapeer Executive Suites Available Now
      606 Saginaw St, Lapeer, MI 48446
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    844 Main St
    Lapeer, MI 48446-3027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.