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    Property profile & analytics

    600 Brown Rd Auburn Hills, MI 48326

    • Outlet malls
    • 44,290 SF
    • 8.81 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0248244
    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

    • Coinstar / Bank / Credit Union
    • Viking Sewing Gallery / (Bike/Boat/Book/etc) Store
    • JOANN Fabric and Crafts / (Bike/Boat/Book/etc) Store

    Property Details for 600 Brown Rd

    Year built
    2000
    Lot size
    8.81 lot acres
    Property size
    44,290 SF
    Zone code
    B-2
    Property type
    Outlet malls
    APN
    02-14-04-101-006
    APU
    21404101006

    Description

    This exceptional 44,105-square-foot power center in Auburn Hills, Michigan, presents a significant leasing opportunity for a single tenant. Located at 600 Brown Rd, this property boasts a substantial 8.81-acre lot, providing ample space and high visibility for any business. The building is currently entirely vacant, offering a blank canvas for a new tenant to customize the space to their exact specifications. The property is zoned B-2, allowing for a wide range of retail uses. Its strategic location in Oakland County, within the vibrant city of Auburn Hills (zip code 48326), ensures excellent access to a large customer base. The property's size and prominent location make it ideal for a flagship store or a large-format retailer seeking a high-impact presence. This is a rare opportunity to secure a substantial, well-located retail space in a thriving market. The property's ample square footage and expansive lot size offer significant potential for growth and expansion. Interested parties are encouraged to inquire for further details and to explore the possibilities this exceptional property offers. The property is available for lease immediately.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,569,000
      Market price range: $3.48M - $11.6M
      AI Estimate
      $4,523,000
      Market price range: $2.77M - $9.61M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,475,000
      Current use
      COMMERCIAL (GENERAL)
      $7,800,000
      Change: +4% Conversion: Easy
      RESTAURANT
      $7,665,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $6,990,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2914
    Latitude
    42.7073
    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
    $91,954
    $0.00
    $0.00
    $1,869,980
    -
    $0.00
    $0.00
    $3,739,960

    Comparable in this City

    • Value Estimation
      $10,220,000
      99,514 SF

      4150 Joslyn Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 99,514 SF
      4150 Joslyn Rd, Auburn Hills, MI 48326-1325
      View Details
    • Value Estimation
      $5,165,000
      45,790 SF

      300 Brown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 45,790 SF
      300 Brown Rd, Auburn Hills, MI 48326-1304
      View Details
    • Value Estimation
      $9,840,000
      124,318 SF

      650 Brown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 124,318 SF
      650 Brown Rd, Auburn Hills, MI 48326-1307
      View Details
    • Value Estimation
      $12,585,000
      148,429 SF

      400 Brown Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 148,429 SF
      400 Brown Rd, Auburn Hills, MI 48326-1305
      View Details
    • Value Estimation
      $1,220,000
      9,790 SF

      2434 Pontiac Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,790 SF
      2434 Pontiac Rd, Auburn Hills, MI 48326-2463
      View Details
    • Value Estimation
      $10,845,000
      134,544 SF

      4350 Joslyn Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 134,544 SF
      4350 Joslyn Rd, Auburn Hills, MI 48326-1329
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2 SF

      Retail Space Near Great Lakes Mall

      Retail space with high visibility near Michigan's largest outlet mall.
      3901-3917 Baldwin Rd, Auburn Hills, MI 48326
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      Auburn Hills Retail Storefront

      High-traffic, 44,015 SF Joann Store
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      42 SF

      Retail Space in Auburn Hills

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      3205-3271 South Blvd, Auburn Hills, MI 48326
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      Auburn Hills Net Lease 7-Eleven

      Single tenant net lease 7-Eleven with long-term occupancy.
      2487 Lapeer Rd, Auburn Hills, MI 48326
      View Details
    • $1,197,900
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      Auburn Hills Industrial Land Parcel

      5.5-Acre I-2 Zoned Industrial Lot
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      View Details
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      Land Available in Auburn Hills

      Land for sale, walking distance to Great Lakes Crossing.
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    Similar Nearby for Lease

    • $3,075 /Mo

      Retail Space in Busy Plaza

      Retail space available in high-traffic Auburn Hills plaza.
      1930-1988 Opdyke Rd, Auburn Hills, MI 48326
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      44,105 SF

      Auburn Hills Power Center - For Lease

      Large Retail Space, High Visibility, Oakland County
      600 Brown Rd, Auburn Hills, MI 48326
      View Details
    • $19 SF/Yr
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      Auburn Hills Retail Space For Lease

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      Auburn Hills Retail Space Available

      Prime Auburn Hills retail space, multiple units.
      3901-3917 Baldwin Rd, Auburn Hills, MI 48326
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    • $5,500 /Mo

      Restaurant/Bar Space in Downtown Auburn

      Restaurant/bar space in downtown Auburn Hills with recent improvements.
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      Auburn Hills Retail Space For Lease

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      View Details
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    Auburn Hills, MI 48326
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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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