3199 Lapeer Rd, Lake Angelus, MI 48326

Building Details

Year Built 1997 More

Year Renovated 2026 More

Listing Agency: Signature Associates Southfield

Listed By: Joe Hamway · License MI #6501244132 Show Phone

Source: Crexi

Added: Mar 26 Changed: Nov 8 Last Checked: Nov 12 at 7:39AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates Southfield

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Investment Insights

Based on property information with market context.

This manufacturing facility contains 46,854 square feet on a 9.5-acre site. Built in 1997, the property was renovated in 2026 and includes heavy power and bus duct to support industrial production requirements. The building is zoned Light Industrial and is located at 3199 Lapeer Rd in Auburn Hills, Michigan.

Key Highlights

• 46,854‑square‑foot manufacturing facility
• Situated on 9.5 acres
• Renovated in 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$232,144

Cap Rate

3.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,642,880 $4.6M

Cap Rate 7%

$3,316,343 $3.3M

Cap Rate 9%

$2,579,378 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 46,854 SF

Gross rent

$344.4K $7.35/SF

− Vacancy

−$12.7K −$0.27/SF

EGI

$331.6K $7.08/SF

− OpEx

−$99.5K −$2.12/SF

NOI

$232.1K $4.95/SF

Area

Oakland County, MI

Vacancy

3.70%

Lease Rate

$7.35 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,642,880

Cap Rate 7%

$3,316,343

Cap Rate 9%

$2,579,378

Alternative Uses

Best Use

Industrial

$3.32M

$2.90M – $3.87M (±1% cap)

NOI $232,144 @ 7.0% cap · market cap 3.34%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$10.11M

$8.84M – $11.79M (±1% cap)

NOI $707,420 @ 7.0% cap · market cap 10.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

776

Businesses Nearby

Explore this area Business Placement

Demographics for 48326, MI

22,228

Population

12,219

Households

1.8

Avg Household Size

36

Median Age

47%

College-Educated

93%

High-School Grad

16.9 sq mi

ZIP Area

1,315

Density / Sq Mi

$79,468

Median Household Income

$46,012

Median Earnings

$1,411

Median Rent

$235,300

Median Home Value

Market

Average Price Trend$/SF for Manufacturing properties in Oakland County, MI

$123 Jul

$101 Aug

$100 Sep

$94.67 Oct

Properties on Market for Manufacturing properties in Oakland County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Light industrial building with heavy power and bus duct serving manufacturing operations.

Where is this manufacturing property located?

The property is located at 3199 Lapeer Rd Lake Angelus, MI.

What is the asking price?

The asking price for this property is $6,950,000.

What are key features of this property?

This property features: 46,854‑square‑foot manufacturing facility; Situated on 9.5 acres; Renovated in 2026