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Property profile & analytics
OFF-MARKET
Estimated value
$152,465,000
Office buildings
2630 Featherstone Rd Auburn Hills, MI 48326-2814
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1697992
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
803,597 SF
Lot
67 ac (2,918,520 SF)
Zoning code
SP
APN
02-14-26-226-004
UPID
US43-1697992
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
-
Western Michigan University University Department College
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$118.59M
Blend (final)
Blend
$152.47M
Owner & transaction history
Fanuc America Corporation · 4 yrs held
Fanuc America Corporation
since 2022
Last sale
$185.0M
7 recorded transactions
Zoning & alternative use
SP · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to provide for uses which cater to the general public or are characterized by large volumes of vehicular traffic, they require substantially large sites, or they are unique uses which do not readily fit into any other use district
Zone name
Special Purpose
General category
SPECIAL
Zone area
499.92 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$141.6M
+50.2%
Restaurant
$139.1M
+47.6%
Retail stores
$135.6M
+43.9%
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
$192,205,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$94,255,000
Current use
COMMERCIAL (GENERAL)
$141,555,000
Change: +50% · Conversion: Easy
RESTAURANT
$139,105,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$135,640,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$126,855,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$98,495,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$152.47M
Range $137.22M – $167.71M · ±10% · vs last sale $185.00M (Aug 2 2022)
Last sale anchor
$185.00M
Aug 2 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
$190 / 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
$433,643
Tax year 2023
Assessed value
$47,229,050
Assessed 2024
Previous assessed
$8,539,030
+453.1% YoY
Effective rate
0.92%
On assessed value
Total market value
$94,458,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
ZONE
Cooling
YES
Buildings
4
Stories
3
Units
1
Total area
803,597 SF
Lot
67 ac (2,918,520 SF)
Zoning code
SP
APN
02-14-26-226-004
UPID
US43-1697992
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
SP · Auburn Hills, MIZoning SP · permitted uses
SP · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established to provide for uses which cater to the general public or are characterized by large volumes of vehicular traffic, they require substantially large sites, or they are unique uses which do not readily fit into any other use district
Zone name
Special Purpose
General category
SPECIAL
Zone area
499.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$94.3M
COMMERCIAL (GENERAL)
Est. value
$141.6M
RESTAURANT
Est. value
$139.1M
RETAIL STORES
Est. value
$135.6M
MEDICAL BUILDING
Est. value
$126.9M
AUTO REPAIR, GARAGE
Est. value
$98.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1985
Heating
ZONE
Cooling
Yes
Stories
3
Buildings
4
Units
1
Lot
67 ac
Current owner
From public records · entity-resolved
Fanuc America Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
3900 W HAMLIN RD, ROCHESTER HILLS, MI 48309-3253
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
$185,000,000
Fanuc America Corporation
Thomas M Cooley Law School
Deed
—
Aug 9, 2007
—
Thomas M Cooley Law School
—
Deed Of Trust
related
$89,700,000 · Us Bank NA
Jul 3, 2007
—
Thomas M Cooley Law School
Daimlerchrysler Co LLC
Quit Claim Deed
—
Mar 21, 2000
$15,134,000
Uaw-gm Center For Human Resour
Uaw-gm Human Resources Center
Trustees Deed
related
—
Mar 21, 2000
—
Daimlerchrysler Corp
Uaw-gm Center For Human Resour
Trustees Deed
related
—
—
—
Heather Thomas
—
Deed Of Trust
related
$120,000 · Comerica Bank
—
—
Thomas M Cooley Law School
—
Deed Of Trust
related
$65,550,000 · Michigan Finance Authority
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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