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31519 W 12 Mile Rd, Farmington Hills, MI 48334
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Property summary
AI-generated overview
This freestanding, renovated commercial building totals 8,108 square feet and was renovated in 2022. It is configured for restaurant use and has been occupied by a Chinese restaurant; the restaurant operates across two levels and includes an outdoor patio, an elevator, and monument signage. The property is located along 12 Mile Road, west of Orchard Lake Road, across from a Starbucks, in a mixed commercial area with restaurants, banks, and other amenities. The site provides freeway access and is described as being in good condition, with monument signage on 12 Mile Road.
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
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$1.16M
Owner & transaction history
since 2020
Last sale
$935,000
5 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Top alternative use upside
Retail stores
$945,000
+34.9%
Commercial (general)
$715,000
+1.8%
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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.16M
Value range
$1.04M – $1.27M
±10% around blend
Estimated value / SF
$285 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
80
Income certainty
100
$1.04M
blend $1.16M
$1.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,054 SF
Lot area
0.57 ac
Year built
1995
Stories
1
APN
22-23-15-201-271
Zoning
BI
Assessed value
$500,980
Annual tax
$27,996
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$27,996
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$887k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.9 mi away · 3,955 SF
19.0 mi away · 2,925 SF
20.0 mi away · 5,218 SF
20.2 mi away · 3,160 SF
21.4 mi away · 3,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.16M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 126 sales
$173
+65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $285/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+35%
vs current-use indication
Commercial (general)
Restaurant · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.50%
Selected cap rate for this turn key restaurants
Derived from the Farmington Hills market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.50%
9.0%
NOI (est.)
$122k *
Last sale · Apr 2020
$935k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.50M
Move the market yield to see immediate price impact.
Value / SF
$863
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
3.00%3.50%4.00%
$110k
$3.67M
$3.15M
$2.75M
$122k
$4.08M
$3.50M
$3.06M
$135k
$4.49M
$3.85M
$3.37M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.89M
8.2 mi · Jan 2026 · $606/SF
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
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
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, MIZoning BI · permitted uses
BI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
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.
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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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