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Property profile & analytics
OFF-MARKET
Estimated value
$3,485,000
Community centers
30000 Grand Riv Ave Farmington Hills, MI 48336-4722
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1129124
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
311,298 SF
Lot
31.66 ac (1,379,110 SF)
Zoning code
BI
APN
22-23-35-201-009
UPID
US43-1129124
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
$3.49M
Owner & transaction history
Starbucks Corporation · 3 yrs held
Starbucks Corporation
since 2022
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
$11 / 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
$457,259
Tax year 2023
Assessed value
$10,134,830
Assessed 2024
Previous assessed
$9,457,540
+7.2% YoY
Effective rate
4.51%
On assessed value
Assessed land
$2,401,720
Assessed improvement
$7,733,110
Land market value
$4,803,440
Improvement market value
$15,466,220
Total market value
$20,269,660
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
311,298 SF
Lot
31.66 ac (1,379,110 SF)
Zoning code
BI
APN
22-23-35-201-009
UPID
US43-1129124
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MIZoning 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
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
31.66 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Mailing address
5550 HAMPSHIRE DR, WEST BLOOMFIELD, MI 48322-1129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
West River Shopping Center LLC
—
Deed
related
$3,000,000 · Michigan Schools & Government Cu
Nov 4, 2022
—
Starbucks Corporation
West River Shopping Center LLC
Lease
—
Oct 5, 2022
—
West River Shopping Center LLC
—
Deed
related
$11,619,769 · Michigan Business Connection LLC
Jul 17, 2019
—
West River Shopping Center LLC
—
Grant Deed
related
$11,000,000 · Michigan Schools & Gov't Cu
Nov 9, 2018
—
West River Shopping Center LLC
—
Deed
related
$1,800,000 · The State Bank
Sep 6, 2017
—
West River Shopping Center LLC
Merrill Lynch 2004-key2
Trustees Deed
related
$5,950,000 · State Bk
Jun 5, 2014
—
Wells Fargo Bank 2004-key2 Tr
Mlmt 2004-key 2 Grand River Re
Quit Claim Deed
related
—
Apr 21, 2014
—
2004-key 2 Grand River Re Mlmt
West River Improvements LLC
Quit Claim Deed
related
—
Nov 19, 2013
$12,200,000
2004-key2 Grand River Ret Mlmt
Sheriff Of Oakland County
Trustees Deed
related
—
Sep 2, 2004
—
West River Improvements LLC
Gr Associates
Grant Deed
related
—
May 31, 2001
—
United Artists Theatre Circuit
—
Deed Of Trust
related
$35,000,000 · Bankers Trust Co Trustee
—
—
West River Improvements LLC
—
Deed Of Trust
related
$18,900,000 · Merrill Lynch Mortgage Lending
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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