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Property profile & analytics
FOR LEASE
Medical Office Space
2191 South Blvd Auburn Hills, MI 48326
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0994449
For Lease
1 / 2
Contact for pricing
2191 South Blvd, Auburn Hills, MI 48326
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
BRICK
Total area
18,631 SF
Lot
2.31 ac (100,624 SF)
Zoning code
O
APN
02-14-35-352-041
UPID
US43-0994449
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
-
Ellen B. Folbe DDS & Associates Dental Office
-
U-verse Telecommunications Service General Contractor
-
Michigan Internal Medicine Medical Clinic
-
SALTA of Auburn Hills Medical Clinic
-
Dr. Gheorghe N. Marinescu, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.46M
Owner & transaction history
George Auburn LLC · 4 yrs held
George Auburn LLC
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
O · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+11.6%
Restaurant
$3.2M
+9.7%
Retail stores
$3.1M
+6.9%
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
$2,495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,940,000
Current use
COMMERCIAL (GENERAL)
$3,280,000
Change: +12% · Conversion: Easy
RESTAURANT
$3,225,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$3,145,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±10% · vs last sale $2.35M (Jul 18 2022)
Last sale anchor
$2.35M
Jul 18 2022
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
$132 / 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
$65,963
Tax year 2023
Assessed value
$999,000
Assessed 2024
Previous assessed
$1,175,000
-15.0% YoY
Effective rate
6.60%
On assessed value
Total market value
$1,998,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
BRICK
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Total area
18,631 SF
Lot
2.31 ac (100,624 SF)
Zoning code
O
APN
02-14-35-352-041
UPID
US43-0994449
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O · Auburn Hills, MIZoning O · permitted uses
O · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2006
Construction
BRICK
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
George Auburn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
915 E MAPLE RD, BIRMINGHAM, MI 48009-6410
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
$2,350,000
George Auburn LLC
South Boulevard Investment 1 LLC
Deed
—
May 31, 2006
—
South Boulevard Inv I LLC
—
Trustees Deed
related
$3,920,000 · State Bank
May 13, 2005
—
South Boulevard Inv I LLC
South Boulevard Of Opdyke Invs
Quit Claim Deed
—
Jan 4, 2000
—
South Boulevard/opdyke Inv LLC
E & G Realty Associates
Grant Deed
related
—
—
—
South Boulevard Inv I LLC
—
Deed Of Trust
related
$280,000 · State Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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