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    Property profile & analytics

    Auburn Hills, MI 48326

    • Commercial land
    • 0.75 lot acres
    OFF-MARKET
    Last Sale
    Jun 28, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2561018
    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

    • Commercial land

    Property Details

    Lot size
    0.75 lot acres
    Zone code
    B-2
    Property type
    Commercial land
    APN
    02-14-23-352-002
    APU
    21423352002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.247
    Latitude
    42.6504
    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
    $4,530
    $0.00
    $0.00
    $100,620
    -
    $0.00
    $0.00
    $201,240

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      Auburn Hills, MI 48326

      VACANT COMMERCIAL LAND • 0.32 Acres
      Auburn Hills, MI 48326
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    • Value Estimation by Request
      0.36 Acres

      2571 Opdyke Rd

      VACANT COMMERCIAL LAND • 0.36 Acres
      2571 Opdyke Rd, Auburn Hills, MI 48326-1939
      View Details
    • Value Estimation by Request
      2.54 Acres

      1451 Opdyke Rd

      VACANT COMMERCIAL LAND • 8,440 SF
      1451 Opdyke Rd, Auburn Hills, MI 48326-2652
      View Details
    • Value Estimation by Request
      0.52 Acres

      1580 Opdyke Rd

      VACANT COMMERCIAL LAND • 1,568 SF
      1580 Opdyke Rd, Auburn Hills, MI 48326-2653
      View Details
    • Value Estimation by Request
      0.48 Acres

      3200 Walton Blvd

      VACANT COMMERCIAL LAND • 0.48 Acres
      3200 Walton Blvd, Auburn Hills, MI 48326-2373
      View Details
    • Value Estimation by Request
      10.82 Acres

      550 Great Lks Xing Dr

      VACANT COMMERCIAL LAND • 10.82 Acres
      550 Great Lks Xing Dr, Auburn Hills, MI 48326-4322
      View Details

    Similar Nearby for Sale

    • $109,000

      Commercial Land in Auburn Hills

      Land for sale in Auburn Hills, close to I-75.
      2641 N Opdyke Rd, Auburn Hills, MI 48326
      View Details
    • Contact for pricing

      Prime Land For Sale

      3.2 acres of B2 zoned land with high visibility.
      S Opdyke Rd, Auburn Hills, MI 48326
      View Details
    • $850,000

      Development Site in Downtown Auburn

      Commercial land for sale in downtown Auburn Hills.
      3746 Auburn Rd, Auburn Hills, MI 48326
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    • $7,200,000

      Divisible Land Near I-75

      Divisible land parcel suitable for retail or industrial development.
      3951 Joslyn Rd, Auburn Hills, MI 48326
      View Details
    • $300,000

      Industrial Land on Lapeer Road

      1.11 acre industrial land with utilities and I-75 access.
      3265 Lapeer Rd, Auburn Hills, MI 48326
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    • $64,000

      Vacant Land on Walton Blvd

      Vacant parcel zoned for general business, ideal for development.
      2087 E Walton Blvd, Auburn Hills, MI 48326
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Flex Space Sublease Opportunity

      Oakland County Office/Warehouse Sublease
      1920 Opdyke Ct, Auburn Hills, MI 48326-2472
      View Details
    • $17 SF/Yr
      445,234 SF

      Auburn Hills Office Campus

      Modern Office Space, Abundant Parking
      3000 University Dr, Auburn Hills, MI 48326
      View Details
    • $14 SF/Yr
      17,166 SF

      Auburn Hills Medical Office Space

      Flexible Suites, 952-9010 SF Available
      1532 Opdyke Rd, Auburn Hills, MI 48326
      View Details
    • $19 SF/Yr
      180,142 SF

      Auburn Hills R&D Office Space

      Class B Office/Industrial Space Available
      2000 Taylor Rd, Auburn Hills, MI 48326
      View Details
    • $9 SF/Yr
      42,597 SF

      Adaptable Office and Shop Space

      42,597 SF Auburn Hills space near Stellantis HQ.
      2455 Featherstone Rd, Auburn Hills, MI 48326
      View Details
    • $9 SF/Yr
      5,400 SF

      Auburn Hills Flex/Industrial Space

      5,400 SF flex/industrial space available for lease.
      1091 Centre Rd, Auburn Hills, MI 48326
      View Details
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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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