Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2747 Lapeer Rd Auburn Hills, MI 48326-1929

    • Assisted living facilities
    • 7.59 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1450145
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Taylor Crossing Senior Apartments / Apartment Building

    Property Details for 2747 Lapeer Rd

    Lot size
    7.59 lot acres
    Zone code
    B-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    02-14-11-326-005
    APU
    21411326005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2457
    Latitude
    42.6837
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $15,983
    $0.00
    $0.00
    $831,940
    -
    $0.00
    $0.00
    $1,663,880

    Comparable in this City

    • Value Estimation by Request
      48,800 SF

      3033 Squirrel Rd, Unit 418

      HOMES (RETIRED, NURSING) • 48,800 SF
      3033 Squirrel Rd, Auburn Hills, MI 48326-3927
      View Details
    • Value Estimation by Request
      144,349 SF

      1525 University Dr

      HOMES (RETIRED, NURSING) • 144,349 SF
      1525 University Dr, Auburn Hills, MI 48326-2673
      View Details
    • Value Estimation by Request
      101,568 SF

      3151 Walton Blvd, Unit 329

      HOMES (RETIRED, NURSING) • 101,568 SF
      3151 Walton Blvd, Auburn Hills, MI 48326-2494
      View Details
    • Value Estimation by Request
      3,150 SF

      2240 Opdyke Rd

      MEDICAL BUILDING • 3,150 SF
      2240 Opdyke Rd, Auburn Hills, MI 48326-2435
      View Details
    • Value Estimation
      $815,000
      4,185 SF

      3709 Auburn Rd

      DENTAL BUILDING • 4,185 SF
      3709 Auburn Rd, Auburn Hills, MI 48326-3324
      View Details
    • Value Estimation
      $1,950,000
      10,008 SF

      3412 Walton Blvd

      MEDICAL BUILDING • 10,008 SF
      3412 Walton Blvd, Auburn Hills, MI 48326-2377
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,581 SF

      Modern Medical Office Building in Auburn Hills

      24,581 SF Medical Office - Ample Parking
      2191 South Blvd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      65,018 SF

      Auburn Hills Warehouse - 65,018 SF

      Prime Industrial Space, Auburn Hills, MI
      1227 Centre Rd, Auburn Hills, MI 48326
      View Details
    • $1,299,000
      18.66 Acres

      Auburn Hills Commercial Land

      18.66 acres, prime commercial location.
      550 Great Lake Crossing Dr, Auburn Hills, MI 48326
      View Details
    • $115,500

      Updated Townhouse Near Oakland University

      Charming, updated 1-bedroom townhouse near Oakland University and I-75.
      2638 Patrick Henry Ct, Auburn Hills, MI 48326
      View Details
    • $109,900

      Townhouse-Style Co-op with Updates

      Updated townhouse-style co-op featuring a livable layout and low-maintenance living.
      3164 Bookam Cir, Auburn Hills, MI 48326
      View Details
    • $135,000

      Updated End Unit with Patio

      Updated end unit with large patio and finished basement.
      2526 Patrick Henry St, Auburn Hills, MI 48326
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,581 SF

      Prime Auburn Hills Medical Office

      Class A medical office space for sale/lease.
      2191 South Blvd, Auburn Hills, MI 48326
      View Details
    • $14 SF/Yr
      17,166 SF

      Auburn Hills Medical Office Space

      Flexible Suites, 952-9010 SF Available
      1532 Opdyke Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      3,153 SF

      Auburn Hills Retail Space For Lease

      Prime Retail Location, 3,153 SF
      130 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      155,000 SF

      Auburn Hills Office Park Investment

      Executive suites, 70,000-78,200 SF available.
      0 Bald Mountain Rd, Auburn Hills, MI 48326
      View Details
    • $12 SF/Yr
      24,007 SF

      Auburn Hills Executive Office Space

      Versatile Industrial Space, Multiple Options Available
      1700 Harmon Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      209,596 SF

      Hamlin Road Office Complex

      Spacious Oakland County office space, fully renovated.
      3551 Hamlin Rd, Rochester, MI 48326
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2747 Lapeer Rd
    Auburn Hills, MI 48326-1929
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.