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Property profile & analytics
OFF-MARKET
Estimated value
$4,835,000
Manufacturing properties
1751 Smt Dr, Auburn Hills, MI 48326-1780
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1554266
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2015
Total area
51,451 SF
Lot
6.15 ac (267,894 SF)
Zoning code
I-1
APN
02-14-03-100-051
UPID
US43-1554266
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hydra-Zorb Company 👍 Industrial Manufacturer Production Facility
-
Idel Metal Working Shop
-
ZSi-Foster - Headquarters and ZSi Mfg. Center Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$4.84M
Owner & transaction history
1751 Summit Dr Owner LLC · 4 yrs held
1751 Summit Dr Owner LLC
since 2022
7 recorded transactions
Zoning & alternative use
I-1 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+51.4%
Office building
$6.0M
+44.9%
Neighborhood: shopping center
$4.8M
+14.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Auburn Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,165,000
Current use
AUTO REPAIR, GARAGE
$6,305,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$6,035,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,790,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$4.84M
Range $4.35M – $5.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,376
Tax year 2023
Assessed value
$3,537,340
Assessed 2024
Previous assessed
$479,950
+637.0% YoY
Effective rate
0.69%
On assessed value
Total market value
$7,074,680
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2015
Heating
GAS
Stories
1
Units
1
Total area
51,451 SF
Lot
6.15 ac (267,894 SF)
Zoning code
I-1
APN
02-14-03-100-051
UPID
US43-1554266
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Auburn Hills, MI
Zoning I-1 · permitted uses
I-1 · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
GAS
Stories
1
Units
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
1751 Summit Dr Owner LLC
Entity
Mailing address
1 MARITIME PLZ STE #2100, SAN FRANCISCO, CA 94111-3511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
1751 Summit Dr Owner LLC
—
Deed
related
$345,000,000 · Athene Annuity And Life Company
Mar 24, 2022
—
1751 Summit Dr Owner LLC
1751 Summit LLC
Intrafamily Transfer
related
$748,000,000 · Barclays Capital Real Estate INC
Dec 28, 2020
—
1751 Summit LLC
Dodge Properties LLC
Deed
$500,000 · Cibc Bank USA
Apr 13, 2017
—
Dodge Properties LLC
—
Trustees Deed
related
$3,350,000 · Pnc Bk
Jun 8, 2015
—
Dodge Properties LLC
Summit Drive Ventures LLC
Deed
—
May 21, 2012
$265,000
Summit Drive Ventures LLC
Comerica Bk
Grant Deed
—
Feb 11, 2011
—
Comerica Bk
Campbell Manix INC
Quit Claim Deed
related
—
—
—
Dodge Properties LLC
—
Loan Modification
related
$5,761,250 · Comerica Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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