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Property profile & analytics
FOR SALE
Turn key restaurants
31519 W 12 Mile Rd, Farmington Hills, MI 48334
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0264329
For Sale
1 / 97
$3,500,000
31519 W 12 Mile Rd, Farmington Hills, MI 48334
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Property summary
AI-generated overview
This exceptional investment opportunity presents a beautifully renovated, freestanding Class A restaurant building in Farmington Hills, Michigan. Located at 31519 W 12 Mile Rd, this 8,108 square foot, two-story property sits on a 24,742 square foot lot and boasts prominent monument signage on a high-traffic road, just west of Orchard Lake Road and across from a Starbucks. The building, originally constructed in 1995 and completely renovated in 2022, features an elevator and an outdoor patio. Currently occupied by a high-end Chinese restaurant operating at 100% occupancy, the property is offered as a net lease investment with a sale price of $3,500,000 ($431.67 per square foot). The single-tenant building is zoned for commercial use and benefits from excellent freeway access and proximity to numerous amenities, including other restaurants and banks. The current tenant is seeking a new long-term lease with the new owner, providing a stable income stream for the investor. The property's APN is 2315201271. This is a turnkey opportunity to acquire a high-quality, well-located restaurant property in a thriving market. The property's previous name was Tribute Restaurant.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Total area
4,054 SF
Lot
0.57 ac (24,742 SF)
Zoning code
BI
APN
22-23-15-201-271
UPID
US43-0264329
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$985k
Owner & transaction history
Hhc Intl Prop LLC · 6 yrs held
Hhc Intl Prop LLC
since 2020
Last sale
$935,000
5 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$945,000
+34.9%
Commercial (general)
$715,000
+1.8%
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
Method
Estimation
Statistic approach
$1,155,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$700,000
Current use
RETAIL STORES
$945,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$715,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$640,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $935k (Apr 22 2020)
Last sale anchor
$935k
Apr 22 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$243 / 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
$27,996
Tax year 2023
Assessed value
$500,980
Assessed 2024
Previous assessed
$474,760
+5.5% YoY
Effective rate
5.59%
On assessed value
Assessed land
$86,630
Assessed improvement
$414,350
Land market value
$173,260
Improvement market value
$828,700
Total market value
$1,001,960
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1995
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
4,054 SF
Lot
0.57 ac (24,742 SF)
Zoning code
BI
APN
22-23-15-201-271
UPID
US43-0264329
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MI
Zoning 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
Farmington Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$700,000
RETAIL STORES
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$715,000
MEDICAL BUILDING
Est. value
$640,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Hhc Intl Prop LLC
Entity
Free & Clear · 6 yrs held
Mailing address
49265 PARKSHORE CT, NORTHVILLE, MI 48168-8575
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Hhc International Properties LLC
—
Deed
related
$200,000 · Mr Jun Zheng
Apr 22, 2020
$935,000
Hhc Intl Prop LLC
12 Mile Orchard Lk Operations
Warranty Deed
—
Apr 8, 2016
—
12 Mile Orchard Lake Operation
12 Mile Orchard Lake LLC
Quit Claim Deed
related
$500,000 · Mbank
Jul 20, 2015
—
12 Mile Orchard Lake LLC
Tribute Real Estate Investment
Warranty Deed
—
Sep 13, 2000
—
Tribute Real Estate Inv LLC
Wisne Trust
Grant Deed
related
—
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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