OFF-MARKET
Retail space
Entity Owned
Absentee Owner
Free & Clear
Entity Owned Property summary
AI-generated overview
This Farmington, MI property offers two retail storefronts totaling 2,824 square feet, situated on a 0.32-acre lot along the bustling Grand River Avenue corridor. The building, constructed in 1949 and renovated in 1957, features one single-story structure with 33 parking spaces. The property is zoned C-2, allowing for a variety of retail uses. Individual units are available for sale separately: 31030 Grand River Ave (1,284 sq ft) is listed at $599,000, and 31036 Grand River Ave (1,540 sq ft) is listed at $300,000. Annual property taxes are $3,037.02 for 31030 and $4,361.28 for 31036. This presents a unique opportunity for investors seeking a high-traffic retail location in a thriving community. The property's size and zoning provide flexibility for various retail businesses. The ample parking further enhances its appeal to potential tenants and customers. This is an excellent opportunity to acquire a well-located retail property in Oakland County, Michigan.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
1,284 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C2
APN
20-23-26-357-029
UPID
US43-1782854
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2026
Last sale
$115,000
4 recorded transactions
Zoning & alternative use
C2 · Farmington, MI
General category
COMMERCIAL
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 16 comparables with addresses
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
1,284 SF
Lot area
0.25 ac
Year built
1963
Stories
1
APN
20-23-26-357-029
Assessed value
$85,870
Annual tax
$3,037
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$121k
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.2 mi away · 1,200 SF
10.6 mi away · 1,200 SF
11.7 mi away · 1,236 SF
11.9 mi away · 1,450 SF
12.4 mi away · 1,500 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$245
-62%
Submarket 33 sales
$233
-60%
County 385 sales
$169
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $94/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
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.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 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$115k
Move the market yield to see immediate price impact.
Value / SF
$90
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%
$7k
$145k
$103k
$81k
$8k
$161k
$115k
$89k
$9k
$177k
$126k
$98k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$60k
2.1 mi · Sep 2025 · $50/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,037
Tax year 2023
Assessed value
$85,870
Assessed 2024
Previous assessed
$79,940
+7.4% YoY
Effective rate
3.54%
On assessed value
Total market value
$171,740
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Total area
1,284 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C2
APN
20-23-26-357-029
UPID
US43-1782854
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 · Farmington, MIZoning C2 · permitted uses
C2 · Farmington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1963
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Lot
0.25 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C2
COMMERCIAL
Jurisdiction
Farmington, MI
Recorded code
C2
Official district
C2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Farmington, MI.
What opens after registration
Zoning profile
District factsZone name, category and district area
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.
Registration is required before the official district profile is shown.
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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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