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    Property profile & analytics

    Detroit St Otter Lake, MI 48464

    • Commercial real estate
    • 1,276 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $75,000
    Last Sale
    Jun 04, 2021
    $79,000
    Location Intelligence
    Property ID
    US43-4371372
    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

    • Commercial real estate

    Property Details for Detroit St

    Lot size
    0.09 lot acres
    Property size
    1,276 SF
    Property type
    Commercial real estate
    APN
    047-655-007-50
    APU
    4765500750

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otter Lake
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.4579
    Latitude
    43.2125
    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
    $1,766
    $0.00
    $0.00
    $45,900
    -
    $0.00
    $0.00
    $91,800

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      6201 Payne St

      COMMERCIAL (GENERAL) • 2,400 SF
      6201 Payne St, Otter Lake, MI 48464-9795
      View Details
    • Value Estimation by Request
      1.91 Acres

      5630 Otter Lk Rd

      COMMERCIAL (GENERAL) • 1.91 Acres
      5630 Otter Lk Rd, Otter Lake, MI 48464-9736
      View Details
    • Value Estimation
      $95,000
      7,920 SF

      5949 Frst Ave

      COMMERCIAL (GENERAL) • 7,920 SF
      5949 Frst Ave, Otter Lake, MI 48464
      View Details
    • Value Estimation
      $655,000
      20,936 SF

      6727 Sherman St

      COMMERCIAL (GENERAL) • 20,936 SF
      6727 Sherman St, Otter Lake, MI 48464-9794
      View Details
    • Value Estimation by Request

      Hart Lk Rd

      COMMERCIAL (GENERAL)
      Hart Lk Rd, Otter Lake, MI 48464
      View Details
    • Value Estimation by Request
      960 SF

      6361 Detroit St

      COMMERCIAL (GENERAL) • 960 SF
      6361 Detroit St, Otter Lake, MI 48464-9146
      View Details

    Similar Nearby for Sale

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      6,900 SF

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      View Details
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      11.55 acres of wooded land near Otter Lake.
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    • $190,000
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      Diner/Ice Cream Shop Opportunity

      Turn-key diner/ice cream shop in Otter Lake, Michigan.
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    • $35,000
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      Cleared Homesite in Otter Lake

      1.38 acre shovel-ready homesite with utilities and seller financing.
      Vl Otter Lk Rd, Otter Lake, MI 48464
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    • $190,000
      3,200 SF

      Diner and Ice Cream Shop

      Turn-key diner and ice cream shop in Otter Lake, MI.
      6400 Detroit St, Otter Lake, MI 48464
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    • $199,000
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      Waterfront Land on Hemingway Lake

      Expansive waterfront building site with 312 feet of frontage.
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    Detroit St
    Otter Lake, MI 48464
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    Realmo Value Estimation

    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.

    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.

    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
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