Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Banks
23220 Farmington Rd Farmington, MI 48336-3100
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5234738
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1962
Total area
2,632 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CBD
APN
20-23-27-301-003
UPID
US43-5234738
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
-
Majda Suhail Financial Advisor
-
Brandon Walters Financial Advisor
-
Citizens Bank ATM Atm
-
Citizens Bank Loan Service
-
Sherise Steele Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Casa Marin LLC · 4 yrs held
Casa Marin LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
CBD · 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
$1,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.12M (Feb 28 2022)
Last sale anchor
$1.12M
Feb 28 2022
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
$433 / 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
$21,514
Tax year 2023
Assessed value
$332,040
Assessed 2024
Previous assessed
$316,760
+4.8% YoY
Effective rate
6.48%
On assessed value
Total market value
$664,080
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1962
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
2,632 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CBD
APN
20-23-27-301-003
UPID
US43-5234738
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Farmington, MI
Zoning CBD · permitted uses
CBD · 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
1962
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Casa Marin LLC
Entity
Mailing address
10 GLN DR, MILL VALLEY, CA 94941-1265
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
$1,115,000
Casa Marin LLC
Spp Citizens Nlref V LLC
Deed
$1,000,000 · First Merchants Bank
Feb 28, 2022
—
Casa Marin LLC
Spp Citizens Nlref V LLC
Assignment Of Lease (leasehold Sale)
—
Jan 30, 2020
$971,309
Spp Citizens Nlref V LLC
Vereit Real Estate LP
Deed
$39,500,000 · Sunflower Bank NA
Jan 25, 2013
$1,111,342
Arc Cbfmnm1001 LLC
Inland American Cfg Portfolio
Grant Deed
—
Feb 26, 2008
—
Inland American Cfg Portfolio
—
Deed Of Trust
related
$200,000,000 · Sovereign Bank
Sep 19, 2007
$928,347
Inland American Cfg Portfolio
Charter One Bank NA
Grant Deed
—
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?”
You own 23220 Farmington Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
