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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Office buildings
20793 Farmington Rd Farmington, MI 48336-5182
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0688774
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
13,090 SF
Lot
0.91 ac (39,640 SF)
Zoning code
BI
APN
22-23-33-477-024
UPID
US43-0688774
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
-
ibg NDT Systems - Eddy Current Testers Factory Industrial Manufacturer
-
Dr. Kenneth S. Pittaway, ND, PhD Alternative Medicine Practice
-
Drakeshire Dental Dental Office
-
Compliance Training Partners Business To Business Service Employment Center
-
Dr. Alma R. Nava, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$910k
Owner & transaction history
Carnava Investments LLC · 16 yrs held
Carnava Investments LLC
since 2009
6 recorded transactions
Zoning & alternative use
BI · Farmington, MI
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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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%
$800,000
6.5%
$740,000
7%
$685,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$70 / 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
$18,111
Tax year 2023
Assessed value
$502,170
Assessed 2024
Previous assessed
$482,120
+4.2% YoY
Effective rate
3.61%
On assessed value
Assessed land
$109,010
Assessed improvement
$393,160
Land market value
$218,020
Improvement market value
$786,320
Total market value
$1,004,340
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
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
13,090 SF
Lot
0.91 ac (39,640 SF)
Zoning code
BI
APN
22-23-33-477-024
UPID
US43-0688774
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington, MI
Zoning BI · permitted uses
BI · Farmington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Carnava Investments LLC
Entity
Mailing address
26153 JOHN R RD, MADISON HEIGHTS, MI 48071-3649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2010
—
Carnava Investments LLC
—
Trustees Deed
related
$450,000 · Citizens Federal Bank Fsb
Nov 24, 2009
$550,000
Carnava Investments LLC
Johnston Bldg Of Farmington LLC
Warranty Deed
$495,000 · Citizens Federal Bank Fsb
Apr 16, 1999
—
Johnston Building Of Farmingto
Johnston,edna A
Quit Claim Deed
related
—
—
—
Johnston Bldg Farmington LLC
—
Deed Of Trust
related
$375,000 · Bank One NA
—
—
Carnava Investments LLC
—
Deed Of Trust
related
$456,000 · Sem Srcs Cap INC
—
—
Carnava Investments LLC
—
Deed Of Trust
related
$602,035 · Talmer Bank & Trust
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
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