Property profile

16979 Farmington Rd Livonia, MI 48154

OFF-MARKET
Medical Office Space
Property ID
US43-5182459
7,816 SF 1.02 ac lot Built 1965
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1965
Construction BRICK
Total area 7,816 SF
Lot 1.02 ac (44,431 SF)
APN 46 061 02 0177 004
UPID US43-5182459

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

16979 Farmington Rd Livonia, MI 48154-2946
Livonia metro Census 557400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$912k
Blend (final) Blend
$600k

Owner & transaction history

since 2021
Last sale
$475,000
5 recorded transactions
2022
Price N/A
2021
$475,000
2011
$190,000
2011
Price N/A
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.1M +50.3%
Restaurant $810,000 +10.0%
Commercial (general) $805,000 +9.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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