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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Office buildings
2648 Lapeer Rd Auburn Hills, MI 48326-1925
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0215074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
WOOD
Total area
2,145 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B-2
APN
02-14-11-353-013
UPID
US43-0215074
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
-
Electrocomm-Michigan, Inc Mobile Phone Store Electronics & Wireless Store
-
IKAN Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Honu Ventures LLC · 3 yrs held
Honu Ventures LLC
since 2022
6 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±10%
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
$131 / 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
$5,923
Tax year 2023
Assessed value
$133,860
Assessed 2024
Previous assessed
$145,580
-8.1% YoY
Effective rate
4.42%
On assessed value
Total market value
$267,720
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
1940
Construction
WOOD
Heating
YES
Cooling
REFRIGERATOR
Stories
1
Units
1
Total area
2,145 SF
Lot
0.39 ac (16,988 SF)
Zoning code
B-2
APN
02-14-11-353-013
UPID
US43-0215074
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
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Honu Ventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2648 LAPEER RD, AUBURN HILLS, MI 48326-1925
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
Honu Ventures LLC
Richard G Pizzi
Intrafamily Transfer
related
—
Jan 18, 2017
—
Richard G Pizzi
Oxford Bk
Warranty Deed
—
Sep 6, 2011
—
Oxford Bk
Megs Properties LLC
Grant Deed
—
Aug 16, 2004
—
Megs Properties LLC
Stephens,mark W & Edna C
Quit Claim Deed
related
$400,000 · Oxford Bank & Trust
Mar 3, 2000
$205,000
Mark W Stephens
Zilka,roland H & Brenda L
Grant Deed
—
—
—
Mark W Stephens
—
Deed Of Trust
related
$164,000 · Oxford Bank
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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