Property profile

3295 Lapeer Rd West Auburn Hills, MI 48326

FOR SALE
Industrial land
Property ID
US43-0260891
19.84 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Auburn Hills, Michigan property, located at 3295 Lapeer Road West, offers a significant industrial opportunity. The 19.84-acre lot boasts a proposed speculative building totaling 149,170 square feet, with a minimum divisible space of 63,948 square feet. The entire space is currently vacant and available for lease or sale. The building features a 32-foot ceiling height, providing ample vertical clearance. Ten loading docks and three drive-in doors ensure efficient loading and unloading operations. The property is zoned for light industrial use and has a prominent location with I-75 signage visibility. Infrastructure improvements are already underway, including a completed graded site, a constructed incoming bridge, and a graded retention pond. The project is currently undergoing site plan approval. Tax abatement may be possible, making this an attractive investment opportunity. The property's APN is 14-11-126-005, and it is situated in Oakland County, Michigan, with a zip code of 48326. This build-to-suit option allows for customization to meet specific tenant requirements. The property is classified as Office, Industrial, and Land, with subtypes including Executive Office, Warehouse, and Commercial, suitable for multiple tenants.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 19.84 ac (864,230 SF)
Zoning code I-1
APN 02-14-11-126-005
UPID US43-0260891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3295 Lapeer Rd West Auburn Hills, MI 48326
Auburn Hills metro Census 140303 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
7 recorded transactions
2017
Price N/A
2011
Price N/A
2009
$874,962
2001
Price N/A
2001
Price N/A
2001
Price N/A
1999
Price N/A

Zoning & alternative use

I-1 · Auburn Hills, MI
Zoning description

This district is designed so as to primarily accommodate wholesale activities, warehouses, and industrial operations whose external physical effects are restricted to the area of the District, and in no manner affect in…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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