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Property profile & analytics
OFF-MARKET
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
by Request
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
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
$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, 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
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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