Property profile

31500 8th Mile Rd Farmington Hills, MI 48336

OFF-MARKET
Auto shops
Property ID
US43-1745943
6,094 SF 0.49 ac lot Built 1983
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1983
Total area 6,094 SF
Lot 0.49 ac (21,562 SF)
Zoning code II
APN 22-23-34-476-074
UPID US43-1745943

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

31500 8th Mile Rd Farmington Hills, MI 48336-5205
Farmington Hills metro Census 167300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2014
2 recorded transactions
2014
$357,500
2009
Price N/A

Zoning & alternative use

II · Farmington Hills, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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