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Property profile & analytics
OFF-MARKET
Life science properties
275 Rex Blvd, Auburn Hills, MI 48326-2954
Individually Owned
7-yr Hold
Free & Clear
Property ID
US43-1926377
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1986
Total area
151,280 SF
Lot
11.19 ac (487,436 SF)
Zoning code
I-1
APN
02-14-26-451-011
UPID
US43-1926377
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
-
Mahindra Automotive North America Corporate Office
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
Mahindra Automotive N American · 7 yrs held
Mahindra Automotive N American
since 2018
6 recorded transactions
Zoning & alternative use
I-1 · 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
$184,526
Tax year 2023
Assessed value
$4,293,240
Assessed 2024
Previous assessed
$4,055,910
+5.9% YoY
Effective rate
4.30%
On assessed value
Total market value
$8,586,480
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1986
Heating
YES
Buildings
2
Stories
2
Units
1
Total area
151,280 SF
Lot
11.19 ac (487,436 SF)
Zoning code
I-1
APN
02-14-26-451-011
UPID
US43-1926377
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Auburn Hills, MI
Zoning I-1 · permitted uses
I-1 · 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
1986
Heating
YES
Stories
2
Buildings
2
Units
1
Lot
11.19 ac
Current owner
From public records · entity-resolved
Mahindra Automotive N American
Individual
Free & Clear · 7 yrs held
Mailing address
275 REX BLVD, AUBURN HILLS, MI 48326-2954
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Nov 1, 2018
—
Mahindra Automotive N American
Mahindra N American Technical
Quit Claim Deed
related
—
Jul 19, 2018
—
Mahindra N American Technical
Jpm06-cibc16-repm Indl Portfo
Grant Deed
—
Feb 17, 2017
—
Jpm06-cibcul-repm Industrial P
Wells Fargo Bk 2006-cibc16ce
Quit Claim Deed
related
—
Feb 17, 2017
$7,250,000
Wells Fargo Bk 2006-cibc16 Tr
Sheriff Of Oakland County|cibc INC
Trustees Deed
related
—
Aug 10, 2005
—
Baiardi Family Foundation INC
Lamppost LLC
Warranty Deed
$104,400,000 · Connecticut General Life Ins
Jan 3, 2002
—
Lamppost LLC
Rv Development Co Of Auburn
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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