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    20805 Pearl St Farmington, MI 48336

    • Land
    • 0.87 lot acres
    For Sale
    View listing
    $360,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 20805 Pearl St

    Lot size
    0.87 lot acres
    Property type
    Land

    Description

    This exceptional 0.87-acre parcel presents a remarkable opportunity for multifamily development in the affluent Farmington Hills area of Oakland County, Michigan. Zoned for residential use, this fee-simple property offers the potential to construct up to 20 residential units, catering to the high demand for housing in this desirable location. The site is conveniently situated off West 8 Mile Road, a major thoroughfare boasting over 20,000 vehicles per day, ensuring excellent visibility and accessibility. The address is 20805 Pearl St, Farmington Hills, MI 48336. This prime location within Oakland County provides access to a thriving community with established amenities and a strong rental market. The asking price for this exceptional development opportunity is $360,000. Given the land's size and zoning, along with the area's high demand for housing, this represents a compelling investment prospect for experienced developers seeking to capitalize on the robust real estate market in this affluent Michigan community. The property's strategic location and significant development potential make it an ideal choice for those seeking a high-return investment in a desirable and established market. Serious inquiries are encouraged.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3469
    Latitude
    42.4658

    Comparable in this City

    • Value Estimation by Request
      0.87 Acres

      20809 Pearl St

      Land • 0.87 Acres
      20809 Pearl St, Farmington Hills, MI 48336
      View Details
    • Value Estimation
      $330,000
      1,740 SF

      21395 Inkster Rd

      BOARDING/ROOMING HOUSE • 1,740 SF
      21395 Inkster Rd, Farmington Hills, MI 48336-6231
      View Details
    • Value Estimation
      $275,000
      3,253 SF

      31130 10th Mile Rd

      BOARDING/ROOMING HOUSE • 3,253 SF
      31130 10th Mile Rd, Farmington Hills, MI 48336-2612
      View Details
    • Value Estimation by Request
      0.31 Acres

      Farmington, MI 48336

      VACANT COMMERCIAL LAND • 0.31 Acres
      Farmington, MI 48336
      View Details
    • Value Estimation by Request
      0.29 Acres

      Farmington, MI 48336

      VACANT COMMERCIAL LAND • 0.29 Acres
      Farmington, MI 48336
      View Details
    • Value Estimation by Request
      0.46 Acres

      32011 Grand Riv Ave

      VACANT COMMERCIAL LAND • 0.46 Acres
      32011 Grand Riv Ave, Farmington, MI 48336-4129
      View Details

    Similar Nearby for Sale

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      Farmington Hills Multifamily Land

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    Similar Nearby for Lease

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    • Contact for pricing
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    • New
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      Affordable office space in Farmington, includes heat, water, and bathroom.
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      View Details
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    20805 Pearl St
    Farmington, MI 48336
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    Realmo Value Estimation

    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.

    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.

    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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