Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lapeer Rd Auburn Hills, MI 48326

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.5-Acre I-2 Zoned Industrial Lot

    Property Features for 0 Lapeer Rd

    General Information

    Property type
    Land
    Lot Size
    239,580 SF

    We can help!

    Listing Contact
    Paul Hoge
    Paul Hoge

    Listing Agent: Paul Hoge

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 5.5-acre industrial land parcel, located on Lapeer Road in Auburn Hills, Michigan, presents a rare opportunity. Zoned I-2, it offers significant potential for various industrial uses. The property boasts excellent main road exposure, ensuring high visibility and accessibility. Priced at $1,197,900, or $217,800 per acre, this represents a compelling investment in a highly sought-after location. The parcel's APN is 14-02-100-019. Situated in Oakland County, with a zip code of 48326, this site benefits from its strategic position within Auburn Hills. This is one of the last remaining I-2 zoned parcels available in the area, making it a truly unique opportunity for developers and businesses seeking a prime location for their operations. The property's size and zoning provide ample flexibility for a range of industrial projects. Don't miss this chance to acquire a valuable asset in a thriving Michigan market. Contact us today to learn more about this exceptional industrial land offering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2420215
    Latitude
    42.6935198

    Nearby Similar for Sale

    • New
      $429,000
      2,700 SF

      Updated Duplex Near Oakland University

      Updated duplex with new kitchens, baths, near Oakland University.
      2190 Kircher Ct, Auburn Hills, MI 48326
      View Details
    • $2,550,000
      37,305 SF

      Auburn Hills Corporate Office Building

      Two-story office building in Auburn Hills, ideal for corporate headquarters.
      3271 Five Points Dr, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      66,888 SF

      Two-Story Office Building Near I-75

      66,888 SF office building with easy I-75 access.
      2851 High Meadow Cir, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      105,086 SF

      Office Building Near I-75

      Office building with modern finishes and renovations underway near I-75.
      2701 Cambridge Ct, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      55,528 SF

      Four-Story Office Building with Atrium

      Four-story office building with easy access to I-75.
      3201 University Dr, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      170,085 SF

      Office Building Near I-75

      Office property with modern finishes and building signage available along I-75.
      2601 Cambridge Ct, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      131,636 SF

      Renovated Office Building on University

      Auburn Hills office building under new ownership and management.
      3250-3256 University Dr, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Auburn Hills Land and Building

      Land and building in Auburn Hills with immediate occupancy.
      Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      3,137 SF

      Auburn Hills Net Lease 7-Eleven

      Single tenant net lease 7-Eleven with long-term occupancy.
      2487 Lapeer Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      2 SF

      Retail Space Near Great Lakes Mall

      Retail space with high visibility near Michigan's largest outlet mall.
      3901-3917 Baldwin Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      42 SF

      Retail Space in Auburn Hills

      Former Rite Aid in a well-located, anchored shopping center.
      3205-3271 South Blvd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      37,305 SF

      Auburn Hills Corporate Office Building

      Two-story office building in Auburn Hills, Michigan, ideal for headquarters.
      3271 Five Points Dr, Auburn Hills, MI 48326
      View Details

    FAQs

    What type of property is this?
    Land - 5.5-Acre I-2 Zoned Industrial Lot
    Where is this land located?
    The property is located at Lapeer Rd Auburn Hills, MI.
    What is the asking price?
    The asking price for this property is $1,197,900.
    What are key features of this property?
    This property features: 5.5-acre industrial land parcel; Excellent main road exposure in Auburn Hills, MI; One of the last I-2 zoned parcels available in Auburn Hills
    (248) 948-0103 Call to check price and availability
    Request Owner's contact information
    Lapeer Rd Auburn Hills, MI 48326
    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.
    Lapeer Rd
    Auburn Hills, MI 48326
    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
    Lapeer Rd Auburn Hills, MI 48326
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Hoge
    Paul Hoge
    Real Estate License ID: 6502127881
    (248) 948-0103 (248) 613-6999 (786) 522-7017
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!