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Financial
Distress signals
Property profile

28975 Grand River Ave Farmington Hills, MI 48336

FOR SALE
Office buildings
Property ID
US43-0078746
5,790 SF 1.9 ac lot Built 1970
Last sale Nov 2024 · $975,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a renovated office building arranged with seven individual office spaces along a main office corridor, plus two storage rooms. Interior features include multiple bathrooms, a large lobby area with reception and a waiting area, and a private fitness room with two showers. The building is situated on a site of over two acres and includes a paved parking lot designed to accommodate nearly 100 vehicles. It is located on Grand River Avenue with high traffic volumes and provides easy…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value · 2024$335k
Assessed land$156k
Assessed improvement$180k
Effective rate5.44%

Value estimate

· Oct 2026
$335k
$302k – $369k
AI approach$335k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$8k
Operating expenses−$27k
NOI · 4.79% cap applied$62k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$78 – $140
Qualifying comparables15

Cap rate analysis

How does the asset earn?
4.79%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency38.5
Law Firm29.1
Restaurant24.2

Location

28975 Grand River Ave Farmington Hills, MI 48336
County assessor Recorded deeds · 15 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33300 Thomas, Farmington, MI 48336-2353 $850,000 Mar 2022 6,151 SF
22455 Farmington, Farmington, MI 48336-4065 $730,000 May 2020 6,502 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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