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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4040 Lapeer Rd Auburn Hills, MI 48326-1738

    • Warehouses
    • 72,158 SF
    • 5.99 lot acres
    OFF-MARKET
    Value Estimations
    $5,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0221779
    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.

    Current Use by Public Records

    • Public Storage / Moving Supply Store / Rv Storage Facility

    Property Details for 4040 Lapeer Rd

    Year built
    1910
    Lot size
    5.99 lot acres
    Property size
    72,158 SF
    Zone code
    I-1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    02-14-02-200-007
    APU
    21402200007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,933,000
      Market price range: $3.45M - $9.28M
      AI Estimate
      $4,775,000
      Market price range: $2.08M - $7.61M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,510,000
      Current use
      AUTO REPAIR, GARAGE
      $8,845,000
      Change: +60% Conversion: Easy
      OFFICE BUILDING
      $8,465,000
      Change: +54% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,715,000
      Change: +22% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2399
    Latitude
    42.7009
    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
    $95,711
    $0.00
    $0.00
    $2,078,490
    -
    $0.00
    $0.00
    $4,156,980

    Comparable in this City

    • Value Estimation
      $5,350,000
      90,550 SF

      1096 Doris Rd

      MINI-WAREHOUSE, STORAGE • 90,550 SF
      1096 Doris Rd, Auburn Hills, MI 48326-2613
      View Details
    • Value Estimation
      $7,715,000
      89,273 SF

      2100 Brown Rd

      MINI-WAREHOUSE, STORAGE • 89,273 SF
      2100 Brown Rd, Auburn Hills, MI 48326-1703
      View Details
    • Value Estimation by Request
      65,018 SF

      1227 Centre Rd

      Distribution properties • 65,018 SF
      1227 Centre Rd, Auburn Hills, MI 48326
      View Details
    • Value Estimation
      $6,180,000
      57,056 SF

      750 Standard Pkwy

      WAREHOUSE, STORAGE • 57,056 SF
      750 Standard Pkwy, Auburn Hills, MI 48326-1448
      View Details
    • Value Estimation
      $28,635,000
      455,045 SF

      4445 Atlantic Blvd

      WAREHOUSE, STORAGE • 455,045 SF
      4445 Atlantic Blvd, Auburn Hills, MI 48326-1580
      View Details
    • Value Estimation by Request
      107,499 SF

      2110 Executive Hl Blvd

      Distribution properties • 107,499 SF
      2110 Executive Hl Blvd, Auburn Hills, MI 48326
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      280,000 SF

      Auburn Hills Industrial Net Lease

      280,000 SF Class A Distribution Center
      1700 Brown Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      24,500 SF

      Auburn Hills Industrial Property

      24,500 SF Multi-Tenant Building For Sale
      2181 Walton Blvd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      19.84 Acres

      Auburn Hills Industrial Space

      High-image industrial building, build-to-suit
      3295 Lapeer Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      65,018 SF

      Auburn Hills Warehouse - 65,018 SF

      Prime Industrial Space, Auburn Hills, MI
      1227 Centre Rd, Auburn Hills, MI 48326
      View Details
    • $1,197,900
      5.50 Acres

      Auburn Hills Industrial Land Parcel

      5.5-Acre I-2 Zoned Industrial Lot
      0 Lapeer Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing
      5.50 Acres

      Auburn Hills Industrial Land Investment

      Prime industrial land, Auburn Hills, MI.
      Auburn Hills Lapeer Rd & Harmon Rd, Auburn Hills, MI 48326
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      77,062 SF

      Renovated Warehouse Near I-75

      Warehouse for lease with easy access to I-75 and M-59.
      2110 Executive Hills Ct, Auburn Hills, MI 48326
      View Details
    • $12 SF/Yr
      24,007 SF

      Auburn Hills Executive Office Space

      Versatile Industrial Space, Multiple Options Available
      1700 Harmon Rd, Auburn Hills, MI 48326
      View Details
    • $12 SF/Yr
      24,500 SF

      Auburn Hills Office/Warehouse Space

      Modern Office & Warehouse Units Available
      2181 Walton Blvd, Auburn Hills, MI 48326
      View Details
    • $11 SF/Yr
      77,911 SF

      Auburn Hills Flex/Warehouse Space

      77,911 SF Industrial Space Available
      1780 Pond Run Auburn Hl, Auburn Hills, MI 48326
      View Details
    • $9 SF/Yr
      16,000 SF

      Auburn Hills Warehouse Space Available

      16,000 SF Industrial Warehouse, 3 Divisible Units
      1570 Opdyke Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Industrial Space in Automation Alley

      115,115 SF industrial space with office to suit for lease.
      4000 Pinnacle Ct, Auburn Hills, MI 48326
      View Details
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    Auburn Hills, MI 48326-1738
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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