Property profile

2655 Lapeer Rd Auburn Hills, MI 48326

OFF-MARKET
Turn key restaurants
Property ID
US43-0227560
5,208 SF 1.1 ac lot Built 1977
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Construction BRICK
Total area 5,208 SF
Lot 1.1 ac (47,916 SF)
Zoning code B-2
APN 02-14-11-352-028
UPID US43-0227560

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

2655 Lapeer Rd Auburn Hills, MI 48326-1926
Auburn Hills metro Census 140500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$902k
Blend (final) Blend
$805k

Owner & transaction history

since 2015
6 recorded transactions
2015
$249,000
2015
$325,000
2013
Price N/A
2009
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Auburn Hills, MI
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

General category COMMERCIAL
Top alternative use upside
Commercial (general) $915,000 +1.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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