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Property profile & analytics
FOR SALE
Outlet malls

600 Brown Rd Auburn Hills, MI 48326

44,290 SF 8.81 ac lot Built 2000
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0248244
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2000
Total area 44,290 SF
Lot 8.81 ac (383,764 SF)
Zoning code B-2
APN 02-14-04-101-006
UPID US43-0248244
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
  • Coinstar Bank Credit Union
  • Viking Sewing Gallery (Bike/Boat/Book/etc) Store
  • JOANN Fabric and Crafts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.57M
Blend (final) Blend
$5.05M
Owner & transaction history
Barnes Family Group LP · 23 yrs held
Barnes Family Group LP
since 2003
7 recorded transactions
2018
Price N/A
2017
Price N/A
2003
Price N/A
2001
Price N/A
2001
$166,000
1999
Price N/A
1999
Price N/A
Zoning & alternative use
B-2 · Auburn Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $7.8M +4.4%
Restaurant $7.7M +2.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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