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Property profile & analytics
OFF-MARKET
Retail space
28315 Grand Riv Ave Farmington Hills, MI 48336-5818
Individually Owned
Absentee Owner
Free & Clear
Property ID
US43-0063975
Property summary
AI-generated overview
This exceptional 2,755 square foot freestanding retail and office building is situated on Grand River Avenue in Farmington Hills, Michigan, offering a high-visibility location with excellent traffic counts. The property boasts 11 dedicated parking spaces, a significant advantage in this area. Its single-story design provides convenient access and functionality. The building is available for sale or lease. This Grand River corridor location presents a unique opportunity, with potential eligibility for a site improvement reimbursement grant of up to $30,000. The property benefits from high daily traffic volume, exceeding 38,000 vehicles on Grand River Avenue. Its proximity to Beaumont Hospital Farmington Hills further enhances its appeal and accessibility. Strategically located just west of the Grand River and 8 Mile Road intersection, and on the south side of Grand River Avenue, just north of 8 Mile Road, this property offers unparalleled convenience and exposure. The property is located in Oakland County, Michigan, with a zip code of 48336.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Total area
2,755 SF
Lot
0.23 ac (9,932 SF)
Zoning code
BI
APN
22-23-36-452-001
UPID
US43-0063975
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rodney Gappy
Rodney Gappy
since 2025
Last sale
$375,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,242
Tax year 2023
Assessed value
$145,170
Assessed 2024
Previous assessed
$126,850
+14.4% YoY
Effective rate
5.68%
On assessed value
Assessed land
$39,700
Assessed improvement
$105,470
Land market value
$79,400
Improvement market value
$210,940
Total market value
$290,340
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Stories
1
Total area
2,755 SF
Lot
0.23 ac (9,932 SF)
Zoning code
BI
APN
22-23-36-452-001
UPID
US43-0063975
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
1968
Heating
FORCED AIR
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Rodney Gappy
Individual
Free & Clear · 0 yrs held
Mailing address
555 FRIENDLY ST, PONTIAC, MI 48341-2650
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 19, 2025
—
Rodney Gappy
Brickhouse Real Estate Holdings LLC
Deed
related
—
Mar 27, 2025
$375,000
Ajd Grand River LLC
Rodney Gappy
Warranty Deed
—
Mar 24, 2025
—
Rodney Gappy
Brickhouse Real Estate Holdings LLC
Quitclaim Deed
related
—
May 5, 2020
$258,700
Brickhouse R & E Hldgs LLC
Harmony Farmington Hills LLC
Warranty Deed
$206,960 · Genisys Cu
Nov 25, 2014
$324,000
Harmony Farmington Hills LLC
Grand Ventures LLC
Grant Deed
—
Nov 7, 2012
$240,000
Grand Ventures LLC
Becker Real Estate LLC
Warranty Deed
$192,000 · Lake Trust Cu
Jul 10, 2003
$240,000
Becker Real Estate LLC
Stewart,donald K & Anne M
Grant Deed
—
Jun 20, 2003
$125,000
Donald K Stewart
Palmer,tr
Grant Deed
—
—
—
Becker Real Estate LLC
—
Deed Of Trust
related
$50,000 · Monroe 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.
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