3960 Baldwin Rd Auburn Hills, MI 48326-1219
Property profile & analytics
3960 Baldwin Rd Auburn Hills, MI 48326-1219
- Retail space
- 6,020 SF
- 0.79 lot acres
Property ID
US43-0112857
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Movado Company Store / (Bike/Boat/Book/etc) Store
- Jared / (Bike/Boat/Book/etc) Store
- OMEGA / (Bike/Boat/Book/etc) Store
- Jared Vault / (Bike/Boat/Book/etc) Store
Property Details for 3960 Baldwin Rd
- Year built
- 1999
- Lot size
- 0.79 lot acres
- Property size
- 6,020 SF
- Zone code
- B-2
- Property type
- Retail space
- APN
- 02-14-05-176-009
- APU
- 21405176009
Description
This exceptional investment opportunity presents a fee-simple interest in a 5,759 square foot Jared Jewelers store located in Auburn Hills, Michigan. The property, built in 1999, sits on a 0.79-acre lot and boasts 33 parking spaces. Currently operating under a 100% occupied, Absolute NNN lease with a corporate guarantee from Sterling Jewelers Inc. (dba Jared Jewelers), the lease extends through December 2029, with a built-in 90% Fair Market Value rental increase at the start of the next option period. The property enjoys a prime location as an outparcel to the Great Lakes Crossing Outlets, benefiting from high visibility and traffic counts on Baldwin Road and Interstate 75. The strong tenant, a leading national jeweler, is supported by a dense retail trade area and an affluent residential population within a 5-mile radius, boasting an average household income exceeding $100,890. The property generates a substantial Net Operating Income (NOI) of $263,900, representing a 7.00% cap rate on the asking price of $3,770,000. This management-free investment offers significant long-term growth potential and stability due to the strength of the tenant, lease terms, and location within the Detroit MSA. The property's proximity to major employers and residential communities ensures a consistent stream of customers. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,581,000
- AI Estimate
- $1,306,000
Market price range: $473k - $1.58MMarket price range: $376k - $1.31M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,015,000 Current use
- COMMERCIAL (GENERAL)
- $1,060,000 Change: +4% Conversion: Easy
- RESTAURANT
- $1,040,000 Change: +3% Conversion: Easy
- MEDICAL BUILDING
- $950,000 Change: -6% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Auburn Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.306
- Latitude
- 42.7022
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,237
$0.00
$0.00
$610,470
-
$0.00
$0.00
$1,220,940
