Entity Owned Property summary
AI-generated overview
This exceptional Farmington Hills, Michigan property at 22000 Springbrook Ave, 48336 offers two available office suites totaling 1,584 square feet within a larger 10,000 square foot building situated on a 0.72-acre lot. Suite 1 encompasses 660 square feet, while Suite 2 offers 924 square feet. These suites can be combined to create a larger, 1,584 square foot space, ideal for businesses requiring flexible configurations. The building boasts ample parking with 50 spaces available for tenants and visitors. Located in Oakland County, this property benefits from excellent main street exposure, allowing for prominent signage opportunities. The building is ADA compliant, featuring an elevator for convenient access. New ownership ensures a commitment to maintaining high standards and providing a positive tenant experience. Immediate occupancy is available, making this an attractive option for businesses seeking a quick move-in. This single-tenant office and retail space presents a unique opportunity in a desirable location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
10,450 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
22-23-35-129-032
UPID
US43-1603897
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
-
Medical Clinic
-
Property Management Company
-
Real Estate Agency
-
Financial Advisor
-
Clothing Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
since 2024
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$550k
Value range
$495k – $605k
±10% around blend
Estimated value / SF
$53 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$495k
blend $550k
$605k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,450 SF
Lot area
0.72 ac
Year built
1988
Stories
2
APN
22-23-35-129-032
Zoning
BI
Assessed value
$440,150
Annual tax
$18,464
3
Income approach: direct capitalization
Partial preview
Income approach indication
$590k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$640k
@ 6.5% CAP return
$590k
@ 7% CAP return
$550k
4
Sales comparison
Partial preview
Sales approach indication
$901k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 8,867 SF
6.0 mi away · 9,800 SF
6.1 mi away · 8,024 SF
10.4 mi away · 7,688 SF
12.1 mi away · 8,316 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$550k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$116
-55%
Submarket 65 sales
$120
-56%
County 427 sales
$117
-55%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $53/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
7.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$39k *
Last sale · Jan 2024
$550k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$550k
Move the market yield to see immediate price impact.
Value / SF
$53
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.50%7.00%7.50%
$35k
$533k
$495k
$462k
$39k
$592k
$550k
$513k
$42k
$652k
$605k
$565k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.18M
3.3 mi · Apr 2026 · $112/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,464
Tax year 2023
Assessed value
$440,150
Assessed 2024
Previous assessed
$437,850
+0.5% YoY
Effective rate
4.19%
On assessed value
Assessed land
$69,000
Assessed improvement
$371,150
Land market value
$138,000
Improvement market value
$742,300
Total market value
$880,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
10,450 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
22-23-35-129-032
UPID
US43-1603897
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MIZoning BI · permitted uses
BI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.72 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Farmington Hills, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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