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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Super regional malls
2061 Squirrel Rd, Auburn Hills, MI 48326-2350
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4739726
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2016
Total area
12,330 SF
Lot
1.88 ac (81,893 SF)
Zoning code
B-2
APN
02-14-13-176-014
UPID
US43-4739726
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
-
SVS Vision Optical Centers Optician Sunglasses Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.30M
Owner & transaction history
University Plaza Partners LLC · 10 yrs held
University Plaza Partners LLC
since 2015
7 recorded transactions
Zoning & alternative use
B-2 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+86.0%
Retail stores
$2.1M
+81.4%
Medical building
$1.9M
+69.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Current use
RESTAURANT
$2,135,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$2,080,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$1,945,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,510,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +26% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,000,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$105 / 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
$63,906
Tax year 2023
Assessed value
$1,338,690
Assessed 2024
Previous assessed
$1,338,690
+0.0% YoY
Effective rate
4.77%
On assessed value
Total market value
$2,677,380
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2016
Heating
YES
Buildings
6
Stories
1
Units
1
Total area
12,330 SF
Lot
1.88 ac (81,893 SF)
Zoning code
B-2
APN
02-14-13-176-014
UPID
US43-4739726
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Auburn Hills, MI
Zoning B-2 · permitted uses
B-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2016
Heating
YES
Stories
1
Buildings
6
Units
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
University Plaza Partners LLC
Entity
Mailing address
251 E MERRILL ST STE #205, BIRMINGHAM, MI 48009-6150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
University Plaza Partners LLC
—
Deed
related
$250,000 · Heatherwood Circle LLC
Oct 31, 2017
—
University Plaza Partners LLC
—
Deed
related
$5,000,000 · Cibc Bk USA
Aug 31, 2016
—
University Plaza Partners LLC
—
Trustees Deed
related
$4,500,000 · Privatebank & Tr
Nov 30, 2015
—
University Plaza Partners LLC
Restarutant Leasing-auburn Hil
Warranty Deed
$740,000 · Bank Of Mi
Dec 4, 2008
$1,748,551
Restaurant Leasing-auburn Hil
Sheriff Of Oakland County
Trustees Deed
related
—
Apr 23, 2004
$1,620,000
Restaurant Properties-auburn H
Cnl Funding 2000 A LP
Grant Deed
—
Apr 6, 2001
—
Cnl Funding 2001-a LP
Cnl Apf Partners LP
Quit Claim Deed
related
$308,688,677 · Wells Fargo Bank Mn Trustee
Jun 2, 1999
—
Cnl Apf Partners LP
Applebees Of Michigan INC
Grant Deed
related
—
—
—
University Plaza Partners LLC
—
Loan Modification
related
$5,000,000 · Cibc Bk USA
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.
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