Former Automotive Dealership
For Sale
Contact for pricing
35200 Grand River Ave, Farmington Hills, MI 48335
Former Toyota dealership showroom with frontage on Grand River Ave and Drake Road.
Property Size36,661 SF
Price / SF$0.00
Days on Market319
Property Features for 35200 Grand River Ave
General Information
Standard status
Active
Size
36,661 SF
Property subtype
Retail
Zoning
B-3
Building Details
Building Size
36,661 SF
Listing Agency:
NAI Farbman
Listed By:
Ron Goldstone · License #6502102638
(248) 351-4371
Source:
Cpix.resimplifi
Added: Dec 9, 2025
Changed: Oct 4
Last Checked: Oct 23 at 3:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman
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Investment Insights
Based on property information with market context.
Former Farmington Hills Toyota dealership located on Grand River Ave and Drake Road, presented as a former dealership showroom. Public remarks note 288' of frontage on Grand River Ave.
The property is positioned in an automotive-focused area with more than 20 nearby car dealerships, with brands listed including Porsche, Audi, Mazda, BMW, Jaguar, Buick, and Chrysler Dodge Jeep Ram. Freeway access is described as within 1 mile of the entrance ramps for 696 and I-275, and neighboring cities within 4 miles include Novi, Northville, and Livonia.
Transaction is for sale, and the public remarks include a stated lease rate of $22/PSF NNN.
The property is positioned in an automotive-focused area with more than 20 nearby car dealerships, with brands listed including Porsche, Audi, Mazda, BMW, Jaguar, Buick, and Chrysler Dodge Jeep Ram. Freeway access is described as within 1 mile of the entrance ramps for 696 and I-275, and neighboring cities within 4 miles include Novi, Northville, and Livonia.
Transaction is for sale, and the public remarks include a stated lease rate of $22/PSF NNN.
Key Highlights
- Former Farmington Hills Toyota dealership with frontage on Grand River Ave and Drake Road
- 288' of frontage on Grand River Ave
- Located in a heavily traveled automotive area with 20+ nearby car dealerships including Porsche, Audi, BMW, Jaguar, Buick, and Chrysler Dodge Jeep Ram
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$394,487
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,889,740
$7.9M
Cap Rate 7%
$5,635,529
$5.6M
Cap Rate 9%
$4,383,189
$4.4M
Market Conditions
NOI Build-Up for 36,661 SF
Gross rent
$615.9K $16.80/SF
− Vacancy
−$52.4K −$1.43/SF
EGI
$563.6K $15.37/SF
− OpEx
−$169.1K −$4.61/SF
NOI
$394.5K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,889,740
Cap Rate 7%
$5,635,529
Cap Rate 9%
$4,383,189
Alternative Uses
Best Use
Retail
$5.64M
$4.93M – $6.57M
NOI $394,487 @ 7.0% cap · market cap 1,793,122.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.91M
$6.92M – $9.23M
NOI $553,522 @ 7.0% cap · market cap 2,516,009.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48335, MI
25,618
Population
11,964
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
7.2 sq mi
ZIP Area
3,558
Density / Sq Mi
$96,359
Median Household Income
$66,646
Median Earnings
$1,451
Median Rent
$366,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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- Daltile Sales Service Center — 24640 Drake Rd, Farmington Hills, MI 48335
- Acme Hardwood Flooring — 24300 Indoplex Cir, Farmington Hills, MI 48335
Frequently Asked Questions
What type of property is this?
Showroom - Former Toyota dealership showroom with frontage on Grand River Ave and Drake Road.
Where is this showroom located?
The property is located at 35200 Grand River Ave Farmington Hills, MI.
What are key features of this property?
This property features: Former Farmington Hills Toyota dealership with frontage on Grand River Ave and Drake Road; 288' of frontage on Grand River Ave; Located in a heavily traveled automotive area with 20+ nearby car dealerships including Porsche, Audi, BMW, Jaguar, Buick, and Chrysler Dodge Jeep Ram
