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    1532 N Opdyke Rd Auburn Hills, MI 48326
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    Property profile & analytics

    1532 N Opdyke Rd Auburn Hills, MI 48326

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    • Industrial properties
    • 17,165 SF
    • 1.01 lot acres
    For Lease
    $820,000
    View Listing →
    Commercial Space for Lease For Lease
    $820,000

    Commercial Space for Lease

    Commercial property available for lease in Auburn Hills, Michigan.

    1532 N Opdyke Rd, Auburn Hills, MI 48326
    View Listing
    Property ID
    US43-1662878
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Restores Sports Medicine / Physician
    • AutomationSupply365 / Production Facility
    • Dennis Uniform / (Bike/Boat/Book/etc) Store

    Property Details for 1532 N Opdyke Rd

    Year built
    1974
    Lot size
    1.01 lot acres
    Property size
    17,165 SF
    Zone code
    I-1
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    02-14-14-376-031
    APU
    21414376031

    Description

    This exceptional Auburn Hills property, located at 1532 N Opdyke Road, 48326, offers a unique blend of medical office and flex space, ideal for a variety of businesses. The building totals 17,166 square feet, with 9,010 square feet currently vacant and immediately available for lease. Multiple tenancy options are available, accommodating businesses needing anywhere from 952 square feet to a maximum contiguous space of 9,010 square feet. The property is zoned for Light Industrial use and benefits from 240-volt power, making it suitable for a range of applications. Its location in the Auburn Hills submarket of Michigan provides excellent access to major transportation routes and a thriving business community. The building's versatile design and ample square footage make it an attractive option for companies seeking flexible and adaptable workspace. This is a prime opportunity to secure high-quality office or flex space in a desirable location. The property is ready for immediate occupancy, offering a seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,013,000
      Market price range: $911k - $1.84M
      AI Estimate
      $630,000
      Market price range: $402k - $1.39M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2449
    Latitude
    42.6646
    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
    $16,815
    $0.00
    $0.00
    $368,930
    -
    $0.00
    $0.00
    $737,860

    Comparable in this City

    • Value Estimation
      $3,680,000
      91,038 SF

      2285 Opdyke Rd

      INDUSTRIAL LOFT BUILDING • 91,038 SF
      2285 Opdyke Rd, Auburn Hills, MI 48326-2468
      View Details
    • Value Estimation
      $2,255,000
      36,059 SF

      64 Squirrel Rd

      INDUSTRIAL LOFT BUILDING • 36,059 SF
      64 Squirrel Rd, Auburn Hills, MI 48326-3249
      View Details
    • Value Estimation
      $5,880,000
      94,150 SF

      3401 Lapeer W Rd

      INDUSTRIAL LOFT BUILDING • 94,150 SF
      3401 Lapeer W Rd, Auburn Hills, MI 48326-1727
      View Details
    • Value Estimation by Request
      3,450 SF

      2170 Pontiac Rd

      INDUSTRIAL LOFT BUILDING • 3,450 SF
      2170 Pontiac Rd, Auburn Hills, MI 48326-2455
      View Details
    • Value Estimation
      $1,775,000
      40,800 SF

      1290 Opdyke Rd

      INDUSTRIAL LOFT BUILDING • 40,800 SF
      1290 Opdyke Rd, Auburn Hills, MI 48326-2647
      View Details
    • Value Estimation
      $2,365,000
      48,128 SF

      1000 Opdyke Rd

      INDUSTRIAL LOFT BUILDING • 48,128 SF
      1000 Opdyke Rd, Auburn Hills, MI 48326-2672
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      65,018 SF

      Industrial Property for Sale

      Industrial property available for sale in Auburn Hills, Michigan.
      1227 Centre Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      24,500 SF

      Auburn Hills Flex/Industrial Property

      24,500 SF flex/industrial property in Auburn Hills, Michigan.
      2181 Walton Blvd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      280,000 SF

      New Construction Industrial Investment

      280,000 SF industrial property in Auburn Hills, Michigan.
      1700 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      180,142 SF

      Auburn Hills Commercial Property

      Large commercial property available for sale in Auburn Hills.
      2000 Taylor Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Auburn Hills Flex Space Available

      Flex space available in Auburn Hills near I-75.
      3355 Bald Mountain Rd, Auburn Hills, MI 48326
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Auburn Hills Commercial Space

      Commercial space available for lease in Auburn Hills, Michigan.
      4237 N Atlantic Blvd, Auburn Hills, MI 48326
      View Details
    • $12 SF/Yr

      Auburn Hills General Purpose Building

      General purpose building with heavy parking in Auburn Hills.
      1270 Doris Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Auburn Hills, Michigan.
      1227 Centre Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Auburn Hills Tech and Office Space

      Tech, office, and warehouse spaces available for lease.
      2000 Taylor Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Auburn Hills Flex/Industrial Space

      Flex, industrial, and office spaces available for lease.
      3000 University Dr, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Air-Conditioned Warehouse with Backup Systems

      Warehouse with air conditioning, generator, and computer room cooling.
      2800 Superior Ct, Auburn Hills, MI 48326
      View Details
    View Listing
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    Auburn Hills, MI 48326
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    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
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