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Property profile & analytics
OFF-MARKET
Commercial real estate
2700 Shimmons Rd Lot 135 Auburn Hills, MI 48326-2047
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0287408
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Lot
50.02 ac (2,178,871 SF)
Zoning code
MHP
APN
02-14-11-401-007
UPID
US43-0287408
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
Yes Lake In The Hills LLC · 2 yrs held
Yes Lake In The Hills LLC
since 2023
5 recorded transactions
Zoning & alternative use
MHP · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established primarily to provide for higher density single family detached, residential dwelling units, and to assist in meeting adopted Master Land Use Plan Residential Goals and Objectives of providing diversified housing types in the City of Auburn Hills
Zone name
Mobile Home Park
General category
RESIDENTIAL
Zone area
202.58 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
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
$275,392
Tax year 2023
Assessed value
$7,280,700
Assessed 2024
Previous assessed
$7,280,700
+0.0% YoY
Effective rate
3.78%
On assessed value
Total market value
$14,561,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
246
Stories
1
Lot
50.02 ac (2,178,871 SF)
Zoning code
MHP
APN
02-14-11-401-007
UPID
US43-0287408
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MHP · Auburn Hills, MIZoning MHP · permitted uses
MHP · 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 established primarily to provide for higher density single family detached, residential dwelling units, and to assist in meeting adopted Master Land Use Plan Residential Goals and Objectives of providing diversified housing types in the City of Auburn Hills
Zone name
Mobile Home Park
General category
RESIDENTIAL
Zone area
202.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Buildings
246
Lot
50.02 ac
Current owner
From public records · entity-resolved
Yes Lake In The Hills LLC
Entity
Mailing address
5050 S SYRACUSE ST STE #1200, DENVER, CO 80237-3388
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Yes Lake In The Hills LLC
Yes Companies Exp Key LLC
Deed
$400,000,000 · Key Bank NA
Feb 26, 2019
—
Yes Companies Exp Key LLC
Yes Acquisitions LLC
Quit Claim Deed
$710,918,000 · Keybank USA
Jan 29, 2019
—
Yes Acquisitions LLC
Mhc Lake In The Hills LLC
Grant Deed
—
Aug 4, 2011
—
Mhc Lake In The Hills LLC
Shady Lane Spe LLC
Grant Deed
—
Jan 14, 2004
—
Shady Lane Spe LLC
Cp LP
Grant Deed
$99,381,552 · J P Morgan Chase 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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