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Property profile & analytics
OFF-MARKET
Estimated value
$7,425,000
Life science properties
255 Rex Blvd, Auburn Hills, MI 48326-2954
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0268976
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1989
Construction
BRICK
Total area
68,974 SF
Lot
5.15 ac (224,334 SF)
Zoning code
I-1
APN
02-14-26-451-008
UPID
US43-0268976
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
-
Kace Logistics Trucking Company
-
Teijin Automotive Technologies Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.43M
Owner & transaction history
Teijin Propco LLC · 1 yrs held
Teijin Propco LLC
since 2024
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
I-1 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$10,125,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$9,455,000
Change: 0% · Conversion: Difficult
RESTAURANT
$9,415,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$6,890,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,425,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$5,560,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.68M – $8.17M · ±10% · vs last sale $7.43M (Aug 22 2024)
Last sale anchor
$7.43M
Aug 22 2024
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
$108 / 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
$111,620
Tax year 2023
Assessed value
$2,345,180
Assessed 2024
Previous assessed
$2,197,950
+6.7% YoY
Effective rate
4.76%
On assessed value
Total market value
$4,690,360
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
68,974 SF
Lot
5.15 ac (224,334 SF)
Zoning code
I-1
APN
02-14-26-451-008
UPID
US43-0268976
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
COMMERCIAL (GENERAL)
Est. value
$10.1M
RETAIL STORES
Est. value
$9.5M
RESTAURANT
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.4M
OFFICE BUILDING
Est. value
$5.6M
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1989
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
5.15 ac
Current owner
From public records · entity-resolved
Teijin Propco LLC
Entity
Mailing address
255 REX BLVD, AUBURN HILLS, MI 48326-2954
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 21, 2025
—
Tedin Propco LLC
—
Deed
related
$5,080,000 · Advia Cu
Nov 22, 2024
$7,425,000
Teijin Propco LLC
255 Rex Blvd Mi LLC
Deed
—
Dec 17, 2014
—
255 Rex Blvd Mi LLC
Continental Structural Plastic
Grant Deed
$3,750,000 · Miscellaneous Ins Co
Aug 12, 2014
—
Continental Structural Plastic
—
Loan Modification
related
$220,000,000 · Bank Of America
Dec 4, 2012
—
Continental Structureal Plasti
Us Bank NA Series 2000-c1
Grant Deed
—
Feb 7, 2011
$3,500,000
Bank Of America
Sheriff Of Oakland County
Trustees Deed
related
—
Mar 22, 2000
—
Rex Boulevard LLC
Anthony Bennett Properties
Quit Claim Deed
related
$4,991,000 · Midland Loan Services LP
—
—
Continental Structural Plastic
—
Deed Of Trust
related
$115,000,000 · Bank Of America
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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