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    Property profile & analytics

    31519 12 Mile Rd Farmington Hills, MI 48334

    • Turn key restaurants
    • 4,054 SF
    • 0.57 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimation
    Last Sale
    Apr 22, 2020
    $935,000
    Location Intelligence
    Property ID
    US43-0264329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 31519 12 Mile Rd

    Year built
    1995
    Lot size
    0.57 lot acres
    Property size
    4,054 SF
    Zone code
    BI
    Property type
    Turn key restaurants
    APN
    22-23-15-201-271
    APU
    222315201271

    Description

    This exceptional investment opportunity presents a beautifully renovated, freestanding Class A restaurant building in Farmington Hills, Michigan. Located at 31519 W 12 Mile Rd, this 8,108 square foot, two-story property sits on a 24,742 square foot lot and boasts prominent monument signage on a high-traffic road, just west of Orchard Lake Road and across from a Starbucks. The building, originally constructed in 1995 and completely renovated in 2022, features an elevator and an outdoor patio. Currently occupied by a high-end Chinese restaurant operating at 100% occupancy, the property is offered as a net lease investment with a sale price of $3,500,000 ($431.67 per square foot). The single-tenant building is zoned for commercial use and benefits from excellent freeway access and proximity to numerous amenities, including other restaurants and banks. The current tenant is seeking a new long-term lease with the new owner, providing a stable income stream for the investor. The property's APN is 2315201271. This is a turnkey opportunity to acquire a high-quality, well-located restaurant property in a thriving market. The property's previous name was Tribute Restaurant.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,035,000
      6.5%
      $930,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,060,000
      Geo Method
      $975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $790,000
      Retail
      $815,000
      Mixed-Use
      $880,000
      Hospitality
      $935,000
      Educational
      $800,000
      Residential Income
      $780,000
      Energy
      $925,000
      Income-Based Land
      $980,000
      Food Service
      $925,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3597
    Latitude
    42.4988
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,996
    $86,630
    $414,350
    $500,980
    -
    $173,260
    $828,700
    $1,001,960

    Comparable in this City

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      31646 Northwestern Hwy

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    • Value Estimation
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      31066 12th Mile Rd

      RESTAURANT • 5,853 SF
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      View Details
    • Value Estimation
      $440,000
      6,323 SF

      27925 Orch Lk Rd

      RESTAURANT • 6,323 SF
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    • Value Estimation
      $365,000
      3,400 SF

      28990 Orch Lk Rd

      RESTAURANT • 3,400 SF
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      View Details
    • Value Estimation
      $1,730,000
      10,162 SF

      27815 Middlebelt Rd

      RESTAURANT • 10,162 SF
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      View Details

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      Property suitable for commercial kitchen, senior housing, or retail development.
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      Farmington Hills Restaurant - Net Lease

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    Similar Nearby for Lease

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      Freestanding Restaurant Property For Lease

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      Farmington Hills Retail Space Available

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    Farmington Hills, MI 48334
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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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