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Property profile & analytics
OFF-MARKET
Office buildings
2638 Lapeer Rd, Auburn Hills, MI 48326-1925
Individually Owned
Absentee Owner
Free & Clear
Property ID
US43-0014759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Total area
2,638 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B-2
APN
02-14-11-353-012
UPID
US43-0014759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Loftin Roberto
Loftin Roberto
since 2026
Last sale
$255,000
7 recorded transactions
Zoning & alternative use
B-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,006
Tax year 2023
Assessed value
$184,590
Assessed 2024
Previous assessed
$201,200
-8.3% YoY
Effective rate
3.80%
On assessed value
Total market value
$369,180
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
1942
Heating
YES
Stories
1
Units
1
Total area
2,638 SF
Lot
0.42 ac (18,295 SF)
Zoning code
B-2
APN
02-14-11-353-012
UPID
US43-0014759
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.
Building & site characteristics
From public records
Year built
1942
Heating
YES
Stories
1
Units
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Loftin Roberto
Individual
Free & Clear · 0 yrs held
Mailing address
3042 KENWOOD DR, ROCHESTER HILLS, MI 48309-2751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Loftin Roberto
Michel Loftin
Quitclaim Deed
related
—
Jun 14, 2023
$255,000
Roberto Loftin
Cavus Feet LLC
Warranty Deed
—
Oct 17, 2013
—
Cavus Properties LLC
Graham,brian
Quit Claim Deed
related
$152,000 · Charter One
Sep 7, 2012
$175,000
Brian Graham
Jp Morgan Chase Bk
Grant Deed
$170,000 · Graham James K Trust (pt)
Apr 19, 2011
$143,353
Jp Morgan Chase Bank NA
Sheriff Of Oakland County
Trustees Deed
related
—
Sep 16, 2005
$237,000
2638 Lapeer Road LLC
Constance L Hensley
Warranty Deed
—
Dec 8, 1999
$91,000
Constance L Hensley
Titsworth,marjorie
Grant Deed
$104,000 · Rock Financial Corp
—
—
Constance L Hensley
—
Deed Of Trust
related
$28,000 · Macomb Schools & Government Cu
—
—
Constance L Hensley
—
Deed Of Trust
related
$111,425 · Mortgage Co Of Michigan
—
—
Constance L Hensley
—
Deed Of Trust
related
$146,000 · Lakes Community Cu
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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