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    2443 Squirrel Rd Auburn Hills, MI 48326-2354
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    Property profile & analytics

    2443 Squirrel Rd, Auburn Hills, MI 48326-2354

    View on Map
    • Turn key restaurants
    • 6,693 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US43-1493471
    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
    $1,445,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Twin Peaks / Bar & Pub
    • Twin Peaks Auburn Hills / Bar & Pub

    Property Details for 2443 Squirrel Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    2.00 lot acres
    Zone code
    B-2
    Property type
    Turn key restaurants
    APN
    02-14-13-176-002
    APU
    21413176002

    Description

    This exceptional 5,956-square-foot retail or restaurant space is ideally situated in Auburn Hills, Michigan, at 2443 Squirrel Road, zip code 48326. The property sits on a 2-acre lot and is zoned B-1, offering significant flexibility for a variety of commercial uses. Currently vacant, the entire building is available for lease. The building's strategic location at the corner of Squirrel Road and Walton Boulevard provides excellent visibility and accessibility. This high-traffic area sees over 60,000 cars daily, benefiting from its proximity to Oakland University (with over 20,000 students) and the Fiat Chrysler Headquarters (a 5.5 million square-foot facility employing approximately 15,000 people, located less than a mile away). The property serves the affluent Auburn Hills and Rochester Hills markets, boasting median household incomes exceeding $90,000. The site offers convenient access and prominent signage opportunities from both Squirrel Road and Five Points Drive. This presents a unique opportunity for businesses seeking a high-visibility location within a thriving community. The property is located in Oakland County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,590,000
      Market price range: $666k - $1.59M
      AI Estimate
      $1,304,000
      Market price range: $558k - $1.30M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,160,000
      Current use
      COMMERCIAL (GENERAL)
      $1,180,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $1,130,000
      Change: -2% Conversion: Easy
      MEDICAL BUILDING
      $1,055,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2219
    Latitude
    42.6772
    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
    $62,469
    $0.00
    $0.00
    $1,128,670
    -
    $0.00
    $0.00
    $2,257,340

    Comparable in this City

    • Value Estimation
      $1,635,000
      7,682 SF

      4975 Baldwin Rd

      RESTAURANT
      4975 Baldwin Rd, Auburn Hills, MI 48326
      View Details
    • Value Estimation
      $1,020,000
      8,178 SF

      700 Brown Rd

      RESTAURANT
      700 Brown Rd, Auburn Hills, MI 48326-1308
      View Details
    • Value Estimation
      $680,000
      4,000 SF

      2705 Lapeer Rd

      RESTAURANT
      2705 Lapeer Rd, Auburn Hills, MI 48326-1929
      View Details
    • Value Estimation by Request
      3,259 SF

      951 Opdyke Rd

      RESTAURANT
      951 Opdyke Rd, Auburn Hills, MI 48326-3438
      View Details
    • Value Estimation
      $1,255,000
      5,811 SF

      4255 Baldwin Rd

      RESTAURANT
      4255 Baldwin Rd, Auburn Hills, MI 48326-1137
      View Details
    • Value Estimation by Request
      3,302 SF

      2495 Lapeer Rd

      RESTAURANT
      2495 Lapeer Rd, Auburn Hills, MI 48326-1922
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      1.7 Acre Pad Site Available

      1.7 acre pad site approved for up to 2,500 SF.
      3010 S Adams Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      44,015 SF

      Retail Space For Sale

      Retail space with strong tenant demand and easy highway access.
      600 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      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

      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
      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

    Similar Nearby for Lease

    • Contact for pricing
      2,908 SF

      Wendy's Freestanding Restaurant For Lease

      High-traffic location, drive-thru, 2908 sq ft.
      130 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      800 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      3901-3917 Baldwin Rd, Auburn Hills, MI 48326
      View Details
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    2443 Squirrel Rd
    Auburn Hills, MI 48326-2354
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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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    2443 Squirrel Rd, Auburn Hills, MI, 48326
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