New search
Property profile & analytics
FOR LEASE
Office buildings
17940 Farmington Rd, Livonia, MI 48152
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-5274292
For Lease
1 / 4
$8 SF/Yr
17940 Farmington Rd, Livonia, MI 48152
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
BRICK
Total area
40,615 SF
Lot
1.69 ac (73,616 SF)
APN
46 039 99 0001 001
UPID
US43-5274292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kodali Srinivasa MD Physician
-
Linda S Jones MS, LLP PC Physician Medical Clinic
-
Dr. Richard Kneip Physician Medical Clinic
-
Middlebelt Medical Center / virtual weight management Weight Loss Service Medical Center
-
Dr. Srinivas B. Baliga, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$3.73M
Owner & transaction history
Wolf Livonia LLC · 4 yrs held
Wolf Livonia LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Livonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livonia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,750,000
Current use
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,831
Tax year 2023
Assessed value
$1,391,300
Assessed 2024
Previous assessed
$1,340,000
+3.8% YoY
Effective rate
5.67%
On assessed value
Total market value
$2,782,600
Applied tax rate
82,095.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Bathrooms
2
Total area
40,615 SF
Lot
1.69 ac (73,616 SF)
APN
46 039 99 0001 001
UPID
US43-5274292
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.8M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Bathrooms
2
Lot
1.69 ac
Current owner
From public records · entity-resolved
Wolf Livonia LLC
Entity
Free & Clear · 4 yrs held
Mailing address
17940 FARMINGTON RD, LIVONIA, MI 48152-4444
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Wolf Livonia LLC
Livonia Med Realty LLC
Deed
—
Feb 16, 2022
—
Wolf Livonia LLC
—
Deed
related
$2,999,750 · The State Bank
Dec 5, 2019
—
Livonia Med Realty LLC
Marion Cre INC
Deed
$2,880,000 · Franklin Savings Bank
Jan 18, 2017
—
Marion Cre INC
Hp Livonia LLC
Deed
$3,040,000 · Chemical Bank
May 29, 2014
—
Hp Livonia LLC
Hp Livonia LLC
Intrafamily Transfer
related
—
Mar 26, 2013
$700,000
Hp Livonia LLC
Frank R Simon
Fiduciary Deed
—
—
—
Hp Livonia LLC
—
Deed Of Trust
related
$2,200,000 · Diversified Members Cu
—
—
Hp Livonia LLC
—
Loan Modification
related
$1,700,000 · Hantz Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
