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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Theaters & concert halls
27360 Drake Rd, Farmington Hills, MI 48331-3592
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1002182
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1998
Total area
116,041 SF
Lot
7.74 ac (337,154 SF)
Zoning code
BI
APN
22-23-16-101-012
UPID
US43-1002182
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Et Farmington Hills LLC · 10 yrs held
Et Farmington Hills LLC
since 2016
7 recorded transactions
Zoning & alternative use
BI · 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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$7 / 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
$155,785
Tax year 2023
Assessed value
$3,881,510
Assessed 2024
Previous assessed
$3,576,190
+8.5% YoY
Effective rate
4.01%
On assessed value
Assessed land
$837,570
Assessed improvement
$3,043,940
Land market value
$1,675,140
Improvement market value
$6,087,880
Total market value
$7,763,020
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Stories
1
Total area
116,041 SF
Lot
7.74 ac (337,154 SF)
Zoning code
BI
APN
22-23-16-101-012
UPID
US43-1002182
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MI
Zoning BI · permitted uses
BI · 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
1998
Heating
FORCED AIR
Stories
1
Lot
7.74 ac
Current owner
From public records · entity-resolved
Et Farmington Hills LLC
Entity
Mailing address
8027 S FORSYTH BLVD #1100, SAINT LOUIS, MO 63105-1734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 15, 2020
—
Et Farmington Hills LLC
—
Deed
related
$125,405,000 · Jpmorgan Chase Bank NA
Dec 5, 2018
—
Et Farmington Hills LLC
—
Deed
related
$55,347,500 · Bmo Harris Bank NA
Jun 14, 2017
—
Et Farmington Hills LLC
—
Grant Deed
related
$49,276,500 · Fifth Third Bk
Mar 4, 2016
—
Et Farmington Hills LLC
Sg Realty LLC
Warranty Deed
—
Nov 24, 2009
—
Sg Realty LLC
Sg Technologies INC
Warranty Deed
—
Feb 5, 2009
—
Sg Technologies INC
Lexington Drake
Grant Deed
—
May 19, 2005
—
Lexington Drake LP
Danacq Farmington Hills LLC
Warranty Deed
$20,550,000 · Jpmorgan Chase Bank NA
Nov 6, 2001
—
Danacq Farmington Hills LLC
Dana Commercial Credit Corp
Quit Claim Deed
related
—
Dec 14, 1999
—
Shannon Michigan Properties
Dana Commercial Credit Corp
Grant Deed
related
—
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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