Property profile

985 Lapeer Rd Lake Orion, MI 48362

OFF-MARKET
Assisted living facilities
Property ID
US43-1414488
53,715 SF 4.34 ac lot Built 2019
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2019
Total area 53,715 SF
Lot 4.34 ac (189,094 SF)
Zoning code ME
APN O -09-02-126-007
UPID US43-1414488

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
  • Nursing Home Retirement Community

Location

985 Lapeer Rd Lake Orion, MI 48362-1681
Lake Orion metro Census 128100 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
by Request
Blend (final) Blend
$20.02M

Owner & transaction history

since 2023
Last sale
$20.0M
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$20.0M
2019
Price N/A
2018
$550,000
2017
$125,000
2017
Price N/A

Zoning & alternative use

ME · Lake Orion, MI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 985 Lapeer Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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