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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Office buildings
24288 Indoplex Cir, Farmington Hills, MI 48335-2522
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0028710
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
19,348 SF
Lot
0.96 ac (41,774 SF)
Zoning code
II
APN
22-23-21-376-008
UPID
US43-0028710
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$1.01M
Owner & transaction history
Satya Surya Lakshmi Properties LLC · 7 yrs held
Satya Surya Lakshmi Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
II · Farmington Hills, 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 Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington Hills 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%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$52 / 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
$24,462
Tax year 2023
Assessed value
$516,050
Assessed 2024
Previous assessed
$497,070
+3.8% YoY
Effective rate
4.74%
On assessed value
Assessed land
$62,680
Assessed improvement
$453,370
Land market value
$125,360
Improvement market value
$906,740
Total market value
$1,032,100
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
1973
Heating
FORCED AIR
Stories
1
Total area
19,348 SF
Lot
0.96 ac (41,774 SF)
Zoning code
II
APN
22-23-21-376-008
UPID
US43-0028710
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Farmington Hills, MI
Zoning II · permitted uses
II · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Satya Surya Lakshmi Properties LLC
Entity
Mailing address
43382 ASHBURY DR, NOVI, MI 48375-4716
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
$950,000
Satya Surya Lakshmi Properties LLC
Firefly Investment Group LLC
Warranty Deed
$760,000 · Dfcu Financial
Dec 13, 2016
$762,500
Firefly Investment Group LLC
Celani Family LLC
Warranty Deed
—
Nov 7, 2011
$265,000
Celani Family LP
Fifth Third Bk
Grant Deed
—
Dec 8, 2009
$708,000
Fifth Third Bk
American Heritage Props LLC
Quit Claim Deed
related
—
Mar 11, 2008
$750,000
American Heritage Props LLC
Univesity Of New Hampshire Foun I
Warranty Deed
—
Dec 30, 2005
—
University Of New Hampshire Foun
Albin,harold C JR & Nancy L
Warranty Deed
—
Dec 29, 2005
—
Nancy L Albin
Albin Harold C JR Trust
Quit Claim Deed
related
—
—
—
Harold C Albin
—
Deed Of Trust
related
$400,000 · Nbd Bank
—
—
American Heritage Props LLC
—
Deed Of Trust
related
$750,000 · Fifth Third Bank
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.
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