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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Commercial land
29150 Farmington Rd, Farmington Hills, MI 48334-2614
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0856286
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1959
Total area
2,362 SF
Lot
3.73 ac (162,479 SF)
Zoning code
MM
APN
22-23-10-101-002
UPID
US43-0856286
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
$535k
CAP Approach
CAP
$370k
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$535k
Owner & transaction history
Cedar Of Farmington Road LLC · 2 yrs held
Cedar Of Farmington Road LLC
since 2024
Last sale
$535,000
7 recorded transactions
Zoning & alternative use
MM · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$550,000
+32.5%
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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$370,000
7%
$340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Current use
RETAIL STORES
$550,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$375,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $535k (Jun 10 2024)
Last sale anchor
$535k
Jun 10 2024
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
$227 / 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
$7,826
Tax year 2023
Assessed value
$138,460
Assessed 2024
Previous assessed
$140,140
-1.2% YoY
Effective rate
5.65%
On assessed value
Assessed land
$121,860
Assessed improvement
$16,600
Land market value
$243,720
Improvement market value
$33,200
Total market value
$276,920
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Total area
2,362 SF
Lot
3.73 ac (162,479 SF)
Zoning code
MM
APN
22-23-10-101-002
UPID
US43-0856286
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MM · Farmington Hills, MI
Zoning MM · permitted uses
MM · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$415,000
RETAIL STORES
Est. value
$550,000
MEDICAL BUILDING
Est. value
$375,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
Cedar Of Farmington Road LLC
Entity
Mailing address
1660 N TELEGRAPH RD STE #110, DEARBORN, MI 48128-1272
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$535,000
Cedar Of Farmington Road LLC
Farmington 13 LLC
Warranty Deed
—
May 17, 2018
$285,000
Farmington 13 LLC
Rns Land Holdings LLC
Warranty Deed
—
Jun 19, 2017
—
Rns Land Holdings LLC
Shubow Robert Living Trrt
Quit Claim Deed
related
—
Jan 31, 2017
—
Robert N Shubow
—
Deed
related
$75,000 · Chemical Bank
Oct 12, 2016
—
Talmer Bk & Trust
Kendallwood Club
Warranty Deed
—
—
—
Kendallwood Club
—
Deed Of Trust
related
$15,000 · Metrobank
—
—
Kendallwood Club
—
Deed Of Trust
related
$75,000 · Metrobank
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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