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Property profile & analytics
FOR SALE
Office buildings
2851 High Meadow Cir Auburn Hills, MI 48326
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0112848
For Sale
1 / 8
$5,100,000
2851 High Meadow Cir, Auburn Hills, MI 48326
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
63,130 SF
Lot
4.57 ac (199,069 SF)
Zoning code
T&R
APN
02-14-23-201-006
UPID
US43-0112848
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
-
Boss Advertising Marketing & Advertising Advertising Agency
-
syncreon Logistics Company Freight Service
-
Electric Last Mile Solutions Industrial Manufacturer Production Facility
-
NB Coatings Auto Repair Shop
-
First National Mtg Bankers Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.05M
Blend (final)
Blend
$5.10M
Owner & transaction history
Lreh Michigan LLC · 6 yrs held
Lreh Michigan LLC
since 2020
5 recorded transactions
Zoning & alternative use
T&R · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.7M
+4.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,405,000
Current use
AUTO REPAIR, GARAGE
$7,740,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
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
$122,260
Tax year 2023
Assessed value
$2,407,470
Assessed 2024
Previous assessed
$2,407,470
+0.0% YoY
Effective rate
5.08%
On assessed value
Total market value
$4,814,940
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
For Sale
Year built
1996
Heating
ZONE
Cooling
YES
Stories
2
Units
1
Total area
63,130 SF
Lot
4.57 ac (199,069 SF)
Zoning code
T&R
APN
02-14-23-201-006
UPID
US43-0112848
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
T&R · Auburn Hills, MIZoning T&R · permitted uses
T&R · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$7.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
ZONE
Cooling
Yes
Stories
2
Units
1
Lot
4.57 ac
Current owner
From public records · entity-resolved
Lreh Michigan LLC
Entity
Mailing address
PO BOX 2910, LIVERMORE, CA 94551-2910
Ownership since
2020
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
Jan 22, 2020
—
Lreh Michigan LLC
Summit High Meadow LLC
Warranty Deed
—
Oct 19, 2004
—
Summit High Meadow LLC
Life Investors Ins Co Of America
Grant Deed
related
—
Jul 10, 2002
—
Life Investors Ins Co America
Simplified Employment Svcs INC
Quit Claim Deed
related
—
—
—
Summit High Meadow LLC
—
Deed Of Trust
related
$5,610,000 · Comerica Bank
—
—
Cheyenne Management Co INC
—
Deed Of Trust
related
$1,050,000 · Bank One Michigan
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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