Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31630 Grand River Ave Farmington, MI 48336
    Back to Search
    Property profile & analytics

    31630 Grand River Ave Farmington, MI 48336

    View on Map
    • Warehouses
    • 73,204 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 31630 Grand River Ave

    Property size
    73,204 SF
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This Farmington Hills, MI property, located at 31630 Grand River, zip code 48336, offers a prime opportunity for businesses seeking retail or warehouse space. The Farmington Plaza Shopping Center comprises a 73,204 square foot building situated on a 6.01-acre lot, zoned C3 in Oakland County. The property features multiple tenancies with a minimum divisible space of 780 square feet and a maximum contiguous space of 15,600 square feet. Currently, 27,746 square feet of space is vacant, offering flexibility for various business needs. Six individual spaces are available, ranging in size from 780 to 38,462 square feet. The center benefits from high visibility due to its location just west of Orchard Lake Road/9 Mile, enhanced by a prominent pylon sign. Easy ingress and egress, along with convenient bus line access, ensures excellent accessibility for both customers and employees. This exceptional location provides a strong foundation for business growth and success. The property's retail and industrial zoning allows for a diverse range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3588
    Latitude
    42.4581

    Comparable in this City

    • Value Estimation
      $990,000
      15,503 SF

      32777 Chesley Dr

      WAREHOUSE, STORAGE • 15,503 SF
      32777 Chesley Dr, Farmington, MI 48336-5115
      View Details
    • Value Estimation by Request
      4,378 SF

      33200 9th Mile Rd

      WAREHOUSE, STORAGE • 4,378 SF
      33200 9th Mile Rd, Farmington, MI 48336-4404
      View Details
    • Value Estimation
      $8,880,000
      112,344 SF

      28650 Grand Riv Ave

      MINI-WAREHOUSE, STORAGE • 112,344 SF
      28650 Grand Riv Ave, Farmington Hills, MI 48336-5824
      View Details
    • Value Estimation
      $3,130,000
      49,929 SF

      33015 9th Mile Rd

      WAREHOUSE, STORAGE • 49,929 SF
      33015 9th Mile Rd, Farmington, MI 48336-4401
      View Details
    • Value Estimation by Request
      5,988 SF

      30966 Grand Riv Ave

      WAREHOUSE, STORAGE • 5,988 SF
      30966 Grand Riv Ave, Farmington, MI 48336-4224
      View Details
    • Value Estimation by Request
      74,187 SF

      33025 Grand River Ave

      Individual retail properties • 74,187 SF
      33025 Grand River Ave, Farmington, MI 48336
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,148 SF

      Manufacturing Property with Modern Amenities

      Two buildings on 2.75 acres, ideal for manufacturing.
      31666 W Eight Mile Rd, Farmington, MI 48336
      View Details
    • $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
    • $1,148,400
      2,574 SF

      Farmington Hills 7-Eleven Investment

      High-performing 7-Eleven, strong lease.
      22069 Farmington Rd, Farmington Hills, MI 48336
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Industrial/Retail Space on 8 Mile

      Centrally located industrial/retail space in Metro Detroit with high ceilings.
      32210 W 8 Mile Rd, Farmington Hills, MI 48336
      View Details
    • $15 SF/Yr
      30,582 SF

      Farmington Hills Industrial/Retail Space

      Centrally located industrial/retail space with high ceilings and roll-up doors.
      32210 W 8 Mile Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing

      Industrial/Retail Space in Metro Detroit

      Centrally located industrial/retail space with easy access to major highways.
      32210-32250 West 8 Mile Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing

      Industrial Building at Orchard Lake

      Multi-tenant industrial building with warehouse and office space for rent.
      20768 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing

      Office-Flex Space in Farmington Hills

      3,000 SF office-flex space with OH door.
      30903 W 10 Mile Rd, Farmington Hills, MI 48336
      View Details
    Request Owner's contact information
    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.
    31630 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
    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

    Thank You for Inquiry
    31630 Grand River Ave, Farmington, MI, 48336
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!