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    Property profile & analytics

    34420 8 Mile Rd Farmington Hills, MI 48335

    • Retail space
    • 7,034 SF
    • 1.47 lot acres
    For Lease
    View listing
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US43-1203925
    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

    • Retail space

    Property Details for 34420 8 Mile Rd

    Year built
    1998
    Lot size
    1.47 lot acres
    Property size
    7,034 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    22-23-33-376-066
    APU
    222333376066

    Description

    This Farmington Hills, MI retail property, located at 34420 Eight Mile Rd, offers 5,500 square feet of vacant space in a 7,023 square foot strip center. The property boasts a prime location on the northwest corner of Eight Mile Road and Gill Road, ensuring excellent visibility and accessibility. With a total of 58 parking spaces, ample customer parking is readily available. The 1.56-acre lot (67,898 square feet) provides significant space and potential for expansion. Situated in Oakland County, this well-established retail building benefits from its location near the heart of the Farmington Hills business district and enjoys landmark recognition within the community. The property is ideal for businesses seeking high visibility and convenient access for customers. The building has been a retail staple in the community for years, offering established brand recognition and opportunities for engaging signage. This is a unique opportunity to establish or expand your business in a thriving commercial area. The zip code is 48335.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $290,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $285,000
      Mixed-Use
      $355,000
      Hospitality
      $300,000
      Educational
      $305,000
      Residential Income
      $280,000
      Energy
      $360,000
      Income-Based Land
      $265,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3858
    Latitude
    42.441
    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
    $19,591
    $204,910
    $221,410
    $426,320
    -
    $409,820
    $442,820
    $852,640

    Comparable in this City

    • Value Estimation
      $510,000
      10,848 SF

      39350 9th Mile

      RETAIL STORES (PERSONAL SERVICES) • 10,848 SF
      39350 9th Mile, Farmington, MI 48335
      View Details
    • Value Estimation
      $540,000
      6,700 SF

      35322 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,700 SF
      35322 Grand Riv Ave, Farmington, MI 48335-3269
      View Details
    • Value Estimation
      $785,000
      5,682 SF

      33409 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,682 SF
      33409 Grand Riv Ave, Farmington, MI 48335-3521
      View Details
    • Value Estimation by Request
      37,442 SF

      37085 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 37,442 SF
      37085 Grand Riv Ave, Farmington, MI 48335-2830
      View Details
    • Value Estimation
      $415,000
      4,889 SF

      35410 Grand Riv Ave

      FINANCIAL BUILDING • 4,889 SF
      35410 Grand Riv Ave, Farmington, MI 48335-3121
      View Details
    • Value Estimation
      $230,000
      899 SF

      37410 Grand Riv Ave

      GROCERY, SUPERMARKET • 899 SF
      37410 Grand Riv Ave, Farmington, MI 48335-2826
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      View Details
    • Contact for pricing
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    • Contact for pricing
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      Farmington Retail Space - Grand River Ave.

      Prime Farmington location, 8,266 sq ft, B-3 zoning.
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      View Details
    • Contact for pricing
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      Farmington Hills Retail Space

      High-visibility retail space available.
      34420 8 Mile Rd, Farmington Hills, MI 48335
      View Details
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    Farmington Hills, MI 48335
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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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