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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Turn key restaurants
3315 Auburn Rd, Auburn Hills, MI 48326-3311
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4277772
Property summary
AI-generated overview
This exceptional 6,400 square foot restaurant property is ideally situated at the hard corner of Auburn and Squirrel Roads in Auburn Hills, Michigan. Boasting a prominent location within a thriving community, this single-tenant space offers significant potential for a new culinary venture. The building sits on a 0.64-acre lot and includes 43 parking spaces, supplemented by convenient street parking. The property benefits from heavy power capabilities, essential for a demanding restaurant operation. With a rich 75-year history of restaurant use on this site, this location offers established brand recognition and a proven track record. The property is currently vacant, presenting a unique opportunity for immediate occupancy. Oakland County taxes are $3.98 per square foot. This prime location in the heart of Auburn Hills offers unparalleled visibility and accessibility, making it an exceptional investment opportunity for discerning restaurateurs. The address is 3315 Auburn Road, Auburn Hills, MI 48326.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Total area
6,407 SF
Lot
0.66 ac (28,750 SF)
APN
02-14-25-379-009
UPID
US43-4277772
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
-
The Big Melt Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$805k
Owner & transaction history
Talmers Auburn LLC · 1 yrs held
Talmers Auburn LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+1.8%
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
RESTAURANT
$1,110,000
Current use
COMMERCIAL (GENERAL)
$1,130,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,080,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$1,010,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$126 / 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
$26,056
Tax year 2023
Assessed value
$502,430
Assessed 2024
Previous assessed
$597,980
-16.0% YoY
Effective rate
5.19%
On assessed value
Total market value
$1,004,860
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Heating
YES
Stories
1
Units
1
Total area
6,407 SF
Lot
0.66 ac (28,750 SF)
APN
02-14-25-379-009
UPID
US43-4277772
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1988
Heating
YES
Stories
1
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Talmers Auburn LLC
Entity
Mailing address
555 PLEASANT ST, BIRMINGHAM, MI 48009-4437
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Talmers Auburn LLC
Patrick A Elweil & Paula R Elwell J
Quitclaim Deed
related
—
May 8, 2023
—
Patrick A Elwell
Patrick A Elwell
Intrafamily Transfer
related
—
Sep 19, 2014
—
Maria Lucaj LLC
Elwell,patrick & Paula
Grant Deed
—
—
—
Patrick Elwell
—
Deed Of Trust
related
$250,000 · Independence Bk
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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