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    Property profile & analytics

    28625 Grand River Ave Farmington Hills, MI 48336

    • Retail space
    • 2,002 SF
    • 0.18 lot acres
    For Lease
    View listing
    Value Estimation
    $220,000
    Last Sale
    Jun 15, 2021
    $196,000
    Location Intelligence
    Property ID
    US43-0828960
    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 28625 Grand River Ave

    Year built
    1957
    Lot size
    0.18 lot acres
    Property size
    2,002 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    22-23-36-376-005
    APU
    222336376005

    Description

    This 750-square-foot free-standing warehouse, located at 28625 Grand River Avenue in Farmington Hills, Michigan, presents a fantastic opportunity for a small business seeking a functional and conveniently located space. Built in 1957, the property boasts a 12-foot ceiling height, providing ample vertical storage capacity. The warehouse features one dock-high door for easy loading and unloading of goods. The property is served by 220-volt power, suitable for a variety of industrial applications. The zoning is designated as Commercial Business, making it suitable for a range of uses. The entire 750 square feet is currently vacant and available for lease. The property's address is 28625 Grand River Avenue, Farmington Hills, MI 48336, situated within the Farmington/Farm Hills submarket of Oakland County. The Assessor's Parcel Number (APN) is 2336376005. This single-tenant property offers a straightforward and efficient workspace, perfect for businesses needing a manageable and accessible location. Its location within the thriving Farmington/Farm Hills submarket provides excellent access to transportation routes and local amenities. This is a rare opportunity to secure a well-maintained warehouse in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $200,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $165,000
      Mixed-Use
      $210,000
      Hospitality
      $190,000
      Educational
      $165,000
      Residential Income
      $200,000
      Energy
      $220,000
      Income-Based Land
      $175,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3295
    Latitude
    42.4449
    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
    $4,088
    $31,470
    $40,620
    $72,090
    -
    $62,940
    $81,240
    $144,180

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

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    • Value Estimation by Request
      4,000 SF

      24115 Orch Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      24115 Orch Lk Rd, Farmington, MI 48336-2558
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    • Value Estimation by Request
      1,297 SF

      33216 Grand Riv Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,297 SF
      33216 Grand Riv Ave, Farmington, MI 48336-3122
      View Details
    • Value Estimation by Request
      3,785 SF

      22840 Orch Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,785 SF
      22840 Orch Lk Rd, Farmington, MI 48336-3229
      View Details
    • Value Estimation
      $425,000
      11,520 SF

      24280 Middlebelt Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,520 SF
      24280 Middlebelt Rd, Farmington Hills, MI 48336-2131
      View Details
    • Value Estimation
      $55,000
      1,000 SF

      22772 Orch Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      22772 Orch Lk Rd, Farmington, MI 48336-3227
      View Details

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      Retail Space in Farmington Hills

      Retail property with 19,968 square feet available for lease.
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    Farmington Hills, 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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