Property profile & analytics
31031 Drake Rd Farmington Hills, MI 48331-1388
- Individual retail properties
- 38,795 SF
- 8.35 lot acres
Location Intelligence
Property ID
US43-1103653
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Individual retail properties
Property Details for 31031 Drake Rd
- Year built
- 1972
- Lot size
- 8.35 lot acres
- Property size
- 38,795 SF
- Zone code
- MM
- Property type
- Individual retail properties
- APN
- 22-23-05-230-002
- APU
- 222305230002
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $760,000
- 6.5%
- $775,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $830,000
- Geo Method
- $740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $755,000
- Retail
- $930,000
- Mixed-Use
- $770,000
- Hospitality
- $800,000
- Educational
- $860,000
- Residential Income
- $720,000
- Energy
- $890,000
- Income-Based Land
- $975,000
- Food Service
- $905,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4002
- Latitude
- 42.5242
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$34,141
$272,790
$561,480
$834,270
-
$545,580
$1,122,960
$1,668,540
