Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    32065 Grand River Ave Farmington, MI 48336

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Freestanding dry cleaner opportunity near downtown Farmington.

    Lot size:
    0.33 Acres

    Property Features for 32065 Grand River Ave

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Fadi Jarrous
    Source: Elliman

    Listing Agent: Fadi Jarrous

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Dry Cleaner Near Downtown

    This is an opportunity to own a turnkey dry cleaner. The freestanding building is located on a corner lot on a busy street, approximately 0.25 miles from downtown Farmington.
    Location Intelligence

    Current Use by Public Records

    Deluxe Cleaners Dry Cleaner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3643242
    Latitude
    42.4593407

    Nearby Similar for Sale

    • $2,300,000
      28,148 SF

      Farmington Commercial Property with Two Buildings

      Two buildings on a 2.75-acre lot, ideal for manufacturing.
      31666 W Eight Mile Rd, Farmington, MI 48336
      View Details
    • $2,700,000
      9,588 SF

      Mixed-Use Property in Downtown Farmington

      Restaurant, apartments, and real estate for sale in Farmington, MI.
      32821 Grand River Ave, Farmington, MI 48336
      View Details
    • Contact for pricing
      74 SF

      Retail Space in Farmington Hills

      Retail space in Kroger-anchored shopping center at 11 Mile and Middlebelt.
      25938 Middlebelt Rd, Farmington, MI 48336
      View Details
    • $1,199,000

      Turnkey Restaurant in Downtown Farmington

      Fully equipped drive-through restaurant with strong brand recognition.
      32704 Grand River Ave, Farmington, MI 48336
      View Details
    • $349,900
      1,975 SF

      Turn-Key Restaurant Opportunity

      Renovated restaurant with furniture, fixtures, and equipment included.
      33518 W Jefferson Ave, Farmington, MI
      View Details
    • Contact for pricing
      33,789 SF

      Farmington Industrial Property For Sale

      Industrial property with quick access to major highways.
      37840 Interchange Dr, Farmington, MI 48335
      View Details
    • $2,100,000
      15,550 SF

      Freeway Park Drive Industrial Property

      Industrial property with excellent freeway access and warehouse features.
      23976 Fwy Park Dr, Farmington, MI
      View Details
    • Contact for pricing
      9,800 SF

      Freestanding Flex Building For Sale

      Freestanding flex building with excellent freeway access and signage.
      37655 Interchange Dr, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex/Industrial/Office Space

      Flex, industrial, and office space with freeway access in Farmington Hills.
      37483 Interchange Dr, Farmington, MI 48335
      View Details
    • Contact for pricing
      50 SF

      Downtown Farmington Retail Opportunity

      Retail space available in historic downtown Farmington building.
      33335 Grand River Ave, Farmington, MI 48335
      View Details
    • Contact for pricing
      96 SF

      Retail Center Anchored by Fresh Thyme

      Shopping center with national and local tenants at major intersection.
      33181 Farmington Rd, Farmington, MI 48336
      View Details
    • Contact for pricing
      2,824 SF

      Retail Building on Grand River

      Two-unit retail building on busy Grand River Avenue corridor.
      31030-31036 Grand River Ave, Farmington, MI 48336
      View Details

    FAQs

    What type of property is this?
    Storefront property - Freestanding dry cleaner opportunity near downtown Farmington.
    Where is this storefront property located?
    The property is located at 32065 Grand River Ave Farmington, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Turn-key dry cleaner business opportunity.; - Located only 0.25 miles from Downtown Farmington.; - Freestanding building.
    (248) 795-3061
    Request Owner's contact information
    32065 Grand River Ave Farmington, MI 48336
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32065 Grand River Ave
    Farmington, MI 48336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    32065 Grand River Ave Farmington, MI 48336
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Fadi Jarrous
    (248) 795-3061
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.