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Property profile & analytics
OFF-MARKET
Estimated value
$410,000
Turn key restaurants
3880 Lapeer Rd Auburn Hills, MI 48326-1734
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1118981
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Construction
WOOD
Total area
7,238 SF
Lot
3.18 ac (138,521 SF)
Zoning code
I-2
APN
02-14-02-401-030
UPID
US43-1118981
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
-
ATM Atm
-
Ciccarelli's Sports Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$410k
Owner & transaction history
Properties Auburn Hills Triple · 13 yrs held
Properties Auburn Hills Triple
since 2012
4 recorded transactions
Zoning & alternative use
I-2 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed primarily for manufacturing, assembling, and fabrication activities including large scale or specialized industrial operations whose external physical effects will be felt to some degree by surrounding districts
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
295.21 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.3M
+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
$1,255,000
Current use
COMMERCIAL (GENERAL)
$1,275,000
Change: +2% · Conversion: Easy
RETAIL STORES
$1,220,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$1,145,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$410k
Range $369k – $451k · ±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
$57 / 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
$34,682
Tax year 2023
Assessed value
$629,410
Assessed 2024
Previous assessed
$724,140
-13.1% YoY
Effective rate
5.51%
On assessed value
Total market value
$1,258,820
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
1992
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,238 SF
Lot
3.18 ac (138,521 SF)
Zoning code
I-2
APN
02-14-02-401-030
UPID
US43-1118981
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Auburn Hills, MIZoning I-2 · permitted uses
I-2 · Auburn Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed primarily for manufacturing, assembling, and fabrication activities including large scale or specialized industrial operations whose external physical effects will be felt to some degree by surrounding districts
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
295.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Properties Auburn Hills Triple
Entity
Mailing address
645 GRISWOLD ST STE #1300, DETROIT, MI 48226-4120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Sep 25, 2012
—
Properties Auburn Hills Triple
Mem Investments LLC
Quit Claim Deed
related
—
Jan 13, 2004
—
Bcb Development Associates LLC
—
Deed Of Trust
related
$1,420,000 · Citizens Federal Bank Fsb
—
—
Properties Auburn Hills Triple
—
Deed Of Trust
related
$1,000,000 · State Capital Funding Corp
—
—
Bcb Dev Associates LLC
—
Deed Of Trust
related
$212,500 · Brett T Armstrong
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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