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Financial
Distress signals
Property profile

15357 Farmington Rd Livonia, MI 48154

FOR SALE
Medical Office Space
Property ID
US43-1668674
2,706 SF 0.23 ac lot Built 1954
Last sale May 2019 · $250,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 2,761 sq ft medical office building configured as two separate units with utility separation. The property was used for medical office purposes, and the south unit was historically used as a dental office, with underground lines remaining in place. The building provides 16 parking spaces and is zoned C-2. Due to the multi-unit design and separate utilities, the building has flexibility for various medical-office layouts within a single structure. All information should be verified.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$148k
Effective rate5.14%

Value estimate

· Oct 2026
$310k
$279k – $341k
NOI build-up
Gross scheduled income$55k
Vacancy & credit loss−$7k
Operating expenses−$19k
NOI · 5.54% cap applied$29k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$94/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$63 – $135
Qualifying comparables6

Cap rate analysis

How does the asset earn?
5.54%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant37.6
Realty agency34.3
Auto Repair Shop28.9

Location

15357 Farmington Rd Livonia, MI 48154
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
36000 5th Mile, Livonia, MI 48154-1918 $300,000 Dec 2022 2,188 SF
15645 Farmington, Livonia, MI 48154-2851 $450,000 Sep 2022 2,355 SF
16771 Middlebelt, Livonia, MI 48154-3317 $400,000 Sep 2022 2,700 SF
15240 Merriman, Livonia, MI 48154-3570 $329,000 Mar 2022 3,042 SF
33044 5th Mile, Livonia, MI 48154-3075 $335,000 Feb 2022 2,090 SF
15160 Levan, Livonia, MI 48154-5027 $400,000 Sep 2019 2,217 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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