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Property profile & analytics
FOR LEASE
Office buildings
3201 University Dr Auburn Hills, MI 48326
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-0228389
For Lease
1 / 3
Contact for pricing
3201 University Dr, Auburn Hills, MI 48326
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
55,528 SF
Lot
3.64 ac (158,558 SF)
Zoning code
B-1
APN
02-14-13-152-020
UPID
US43-0228389
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
-
Melecs USA Corp. Factory Production Facility
-
Michigan Fire Claims Financial Advisor
-
McAlpine, PC Law Firm
-
Sunlighten Sauna Dealer Michigan (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Global Sales and Marketing Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$6.14M
Owner & transaction history
Lreh Michigan LLC · 5 yrs held
Lreh Michigan LLC
since 2020
Last sale
$5.5M
3 recorded transactions
Zoning & alternative use
B-1 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This districts is designed to accommodate office uses, office sales uses and basic personal retail service businesses, and may be utilized as zones of transition for buffering purposes
Zone name
Limited Business
General category
COMMERCIAL
Zone area
41.40 ac
Source
Realmo
Top alternative use upside
Medical building
$8.8M
+34.6%
Auto repair, garage
$6.8M
+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
$6,140,000
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
$6,515,000
Current use
MEDICAL BUILDING
$8,765,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,805,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$6.14M
Range $5.53M – $6.75M · ±10% · vs last sale $5.50M (Nov 9 2020)
Last sale anchor
$5.50M
Nov 9 2020
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
$111 / 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
$96,001
Tax year 2023
Assessed value
$1,890,390
Assessed 2024
Previous assessed
$1,890,390
+0.0% YoY
Effective rate
5.08%
On assessed value
Total market value
$3,780,780
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 Lease
Year built
2000
Heating
YES
Cooling
YES
Stories
4
Units
1
Total area
55,528 SF
Lot
3.64 ac (158,558 SF)
Zoning code
B-1
APN
02-14-13-152-020
UPID
US43-0228389
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Auburn Hills, MIZoning B-1 · permitted uses
B-1 · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This districts is designed to accommodate office uses, office sales uses and basic personal retail service businesses, and may be utilized as zones of transition for buffering purposes
Zone name
Limited Business
General category
COMMERCIAL
Zone area
41.40 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$6.8M
OFFICE BUILDING Current
MEDICAL BUILDING
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
2000
Heating
YES
Cooling
Yes
Stories
4
Units
1
Lot
3.64 ac
Current owner
From public records · entity-resolved
Lreh Michigan LLC
Entity
Free & Clear · 5 yrs held
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
—
Lreh Michigan LLC
Lreh Michigan LLC
Quit Claim Deed
related
—
Mar 23, 2018
$5,500,000
Lstc Michigan LLC
Oakland Euro LLC
Warranty Deed
—
—
—
Oakland Euro LLC
—
Deed Of Trust
related
$6,680,000 · Community Bank Of Dearborn
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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