30835 10th Mile Rd Farmington Hills, MI 48336-2607
Entity Owned
~
Est. High Equity
Estimated value (blended)
$625k
Range $563k – $688k (±10%)
Property ID
US43-1403805
Property summary
AI-generated overview
This exceptional 15,814-square-foot industrial/flex building in Farmington, MI's Farm Hills submarket presents a unique opportunity. The two-story structure boasts 7,866 square feet of dedicated shop space and 7,948 square feet of office space, divided between 4,938 square feet on the first floor and 3,010 square feet on the second. Built in 1972 and renovated in 2019, the property features a 19'4" ceiling height, providing ample vertical space. Five grade-level drive-in doors ensure efficient loading and unloading. The building sits on a 0.78-acre lot and offers 39 parking spaces. Its B3 zoning makes it suitable for a variety of industrial uses. The minimum divisible space is 3,010 square feet, with a maximum contiguous space of 7,948 square feet. The property is currently fully vacant, offering immediate occupancy. The building's robust power supply of 600 AMP, 3-phase electricity, caters to demanding operational needs. This versatile layout, combined with its prime location in Oakland County, makes it an ideal choice for businesses seeking flexible and functional space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
19,350 SF
Lot
0.78 ac (34,020 SF)
Zoning code
BI
APN
22-23-26-101-044
UPID
US43-1403805
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$625k
Owner & transaction history
since 2025
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$625k
Value range
$563k – $688k
±10% around blend
Estimated value / SF
$32 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$563k
blend $625k
$688k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,350 SF
Lot area
0.78 ac
Year built
1972
Stories
2
APN
22-23-26-101-044
Assessed value
$296,380
Annual tax
$18,524
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.10M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.19M
@ 6.5% CAP return
$1.10M
@ 7% CAP return
$1.02M
4
Sales comparison
Partial preview
Sales approach indication
$1.30M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.5 mi away · 24,066 SF
12.7 mi away · 16,733 SF
22.1 mi away · 15,334 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$625k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$116
-72%
County 427 sales
$117
-72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $32/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$850k
Move the market yield to see immediate price impact.
Value / SF
$44
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$54k
$1.07M
$765k
$595k
$60k
$1.19M
$850k
$661k
$65k
$1.31M
$935k
$727k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$1.50M
6.0 mi · Feb 2026 · $64/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,524
Tax year 2023
Assessed value
$296,380
Assessed 2024
Previous assessed
$386,660
-23.3% YoY
Effective rate
6.25%
On assessed value
Assessed land
$93,500
Assessed improvement
$202,880
Land market value
$187,000
Improvement market value
$405,760
Total market value
$592,760
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Stories
2
Total area
19,350 SF
Lot
0.78 ac (34,020 SF)
Zoning code
BI
APN
22-23-26-101-044
UPID
US43-1403805
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
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Stories
2
Lot
0.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Farmington Hills, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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