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Property profile & analytics
OFF-MARKET
Estimated value
$240,000
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
$240k
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
Zoning description
This district is intended to serve the overall shopping needs of residents both within and beyond the City including convenience, comparison and highway needs
Zone name
General Business
General category
COMMERCIAL
Zone area
955.31 ac
Source
Realmo
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
$240,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$240k
Range $216k – $264k · ±10% · vs last sale $255k (Jun 14 2023)
Last sale anchor
$255k
Jun 14 2023
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
$91 / 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
$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, MIZoning 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
Zoning description
This district is intended to serve the overall shopping needs of residents both within and beyond the City including convenience, comparison and highway needs
Zone name
General Business
General category
COMMERCIAL
Zone area
955.31 ac
Source
Realmo
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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