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Property profile

31519 W 12 Mile Rd Farmington Hills, MI 48334

FOR SALE
Turn key restaurants
Property ID
US43-0264329
4,054 SF 0.57 ac lot Built 1995
Last sale Apr 2020 · $935,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$501k
Assessed land$87k
Assessed improvement$414k
Effective rate5.59%

Value estimate

· Oct 2026
$1.16M
$1.04M – $1.27M
AI approach$1.05M
Submarket $/SF estimate$862k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$99 – $238
Qualifying comparables18

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.0
Plumbing Service9.3
Locksmith8.9

Location

31519 W 12 Mile Rd Farmington Hills, MI 48334
County assessor Recorded deeds · 5 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
31006 Orch Lk, Farmington Hills, MI 48334-1339 $1,125,000 Feb 2025 3,639 SF
31130 Orch Lk, Farmington, MI 48334-1341 $1,725,000 Dec 2019 7,737 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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