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Property profile & analytics
OFF-MARKET
Office buildings
28975 Grand Riv Ave, Farmington Hills, MI 48336-5831
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0078746
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
5,790 SF
Lot
1.9 ac (82,764 SF)
Zoning code
BI
APN
22-23-36-306-011
UPID
US43-0078746
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
29250 Eight Mile LLC · 1 yrs held
29250 Eight Mile LLC
since 2024
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
$18,237
Tax year 2023
Assessed value
$335,190
Assessed 2024
Previous assessed
$328,040
+2.2% YoY
Effective rate
5.44%
On assessed value
Assessed land
$155,560
Assessed improvement
$179,630
Land market value
$311,120
Improvement market value
$359,260
Total market value
$670,380
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
1970
Heating
FORCED AIR
Stories
1
Total area
5,790 SF
Lot
1.9 ac (82,764 SF)
Zoning code
BI
APN
22-23-36-306-011
UPID
US43-0078746
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
1970
Heating
FORCED AIR
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
29250 Eight Mile LLC
Entity
Mailing address
21535 HOOVER RD, WARREN, MI 48089-3159
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$975,000
29250 Eight Mile LLC
Papv INC
Warranty Deed
$680,000 · First Merchants Bank
Jul 31, 2024
—
Michigan Aspire LLC
Papv INC
Commercial Lease
—
Feb 10, 2022
—
Papv INC
—
Deed
related
$900,000 · The Farmers & Merchants State Bank
Jul 16, 2020
—
Papv INC
—
Deed
related
$250,000 · The Huntington National Bank
Sep 12, 2019
—
Papv INC
—
Deed
related
$200,000 · The Huntington National Bank
Dec 4, 2018
$400,000
Papv INC
Lia & Mann Investments LLC
Warranty Deed
—
Dec 4, 2018
$355,000
Lia & Marin Investments LLC
Becker Gary D
Warranty Deed
—
Oct 1, 2009
—
Lia Lucaci
Domar Properties LLC
Quit Claim Deed
related
—
Sep 4, 2008
—
Domar Properties LLC
Suiugan,marin
Quit Claim Deed
related
—
Oct 4, 2007
—
Marin Sulugan
Lucaci,lia
Quit Claim Deed
related
—
Dec 12, 2006
—
Marin Suiugan
Becker,gary
Grant Deed
—
Apr 21, 2005
$77,059
Gary Becker
Brenda Cooks INC
Quit Claim Deed
related
—
Apr 21, 2005
$232,941
Gary Becker
M C T INC
Warranty Deed
—
Apr 21, 2005
$250,000
M C T INC
Shkreli,lesh
Warranty Deed
—
Feb 24, 2000
$230,000
Brenda Cooks INC
Mct INC
Grant Deed
$230,000 · Seller
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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