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Property profile & analytics
OFF-MARKET
Retail space
935 Baldwin Rd, Lapeer, MI 48446-3007
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-4380665
Property summary
AI-generated overview
This exceptional 3,986 square foot commercial building is situated on 0.64 acres of land in Lapeer, Michigan, on the south side of Baldwin Street, just west of S. Main Street. Currently operating as a Korean Martial Arts Institute, this versatile property offers a multitude of potential uses. Imagine transforming this space into a gymnastics center, physical therapy and rehabilitation facility, dance studio, or a 24-hour fitness center. The possibilities are endless
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Total area
3,986 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B2 GEN
APN
L20-95-503-040-00
UPID
US43-4380665
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mjd Martin LLC · 1 yrs held
Mjd Martin LLC
since 2025
Last sale
$320,000
6 recorded transactions
Zoning & alternative use
B2 GEN · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,906
Tax year 2023
Assessed value
$119,000
Assessed 2024
Previous assessed
$102,700
+15.9% YoY
Effective rate
3.28%
On assessed value
Total market value
$238,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
3,986 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B2 GEN
APN
L20-95-503-040-00
UPID
US43-4380665
Jurisdiction
LAPEER
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 GEN · Lapeer, MI
Zoning B2 GEN · permitted uses
B2 GEN · 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
1930
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Mjd Martin LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1635 E BROCKER RD, METAMORA, MI 48455-9789
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$320,000
Mjd Martin LLC
Kmai LLC
Warranty Deed
—
Sep 4, 2014
$108,500
Jovanovitz,r & J J Fam Trust 1
Whitman,steven L & Susan M
Grant Deed
—
Sep 4, 2014
—
Ronald Jovanovitz
Jovanovitz,peggy
Quit Claim Deed
related
$58,603 · Lapeer Cnty Bk&tr
May 18, 2010
—
Ronald Jovanovitz
Jovanovitz,ronald
Quit Claim Deed
related
—
Nov 3, 2009
—
Ronald Jovanovitz
Jovanovitz,peggy
Quit Claim Deed
related
—
Sep 18, 2007
$167,900
Steven L Whitman
Curell,nelson L & Anne-marie J
Warranty 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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