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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Super regional malls
605 Opdyke Rd, Auburn Hills, MI 48326-3435
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0154211
Property summary
AI-generated overview
This Auburn Hills retail property, located at 605-635 S Opdyke Rd, offers 36,613 square feet of retail space in a single, one-story building constructed in 1970. Currently, 6,085 square feet is available for lease, divisible into units ranging from 2,085 to 4,000 contiguous square feet. The property sits on a 2.99-acre lot and boasts 190 parking spaces, catering to the needs of both tenants and customers. The property is zoned for retail use and is situated in the Rochester/Rochester Hills submarket of Oakland County, Michigan, with a convenient location serving the Auburn Hills, Pontiac, and Bloomfield markets. Improvements planned for qualified tenants include new flooring and paint. Furthermore, the parking lot is scheduled for repaving in 2023. The property's strong tenant mix includes a Salvation Army Thrift Store, O'Brien's Crabhouse, New Bangkok Thai, Advance America, a smoke shop, nail salon, and a bakery, creating a vibrant and diverse retail environment. The property's address is 605-635 S Opdyke Rd, Auburn Hills, MI 48326, with the APN 14-35-303-030.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1970
Total area
36,613 SF
Lot
3.54 ac (154,202 SF)
APN
02-14-35-303-030
UPID
US43-0154211
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
-
The Salvation Army Family Store & Donation Center Discount Store
-
Auburn Hills Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$1.80M
Owner & transaction history
Opdyke Square Group · 26 yrs held
Opdyke Square Group
since 2000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$2,965,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$49 / 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
$40,133
Tax year 2023
Assessed value
$1,148,860
Assessed 2024
Previous assessed
$1,148,860
+0.0% YoY
Effective rate
3.49%
On assessed value
Total market value
$2,297,720
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1970
Heating
YES
Buildings
9
Stories
1
Units
1
Total area
36,613 SF
Lot
3.54 ac (154,202 SF)
APN
02-14-35-303-030
UPID
US43-0154211
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$3.0M
INDUSTRIAL (GENERAL)
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
1970
Heating
YES
Stories
1
Buildings
9
Units
1
Lot
3.54 ac
Current owner
From public records · entity-resolved
Opdyke Square Group
Entity
Free & Clear · 26 yrs held
Mailing address
31000 NORTHWESTERN HWY STE #200, FARMINGTON HILLS, MI 48334-2586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2000
$200,000
Opdyke Square Group
Marathon Oil Co
Grant Deed
—
May 29, 1998
—
Marathon Oil Co
Emro Marketing Co
Quit Claim Deed
related
—
—
—
Opdyke Square Group
—
Deed Of Trust
related
$2,250,000 · Flagstar Bank Fsb
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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