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Financial
Distress signals
Property profile

31799 Middlebelt Rd Farmington Hills, MI 48334

FOR SALE
Retail space
Property ID
US43-0286163
1,764 SF 0.2 ac lot Built 1967
Last sale Feb 2001 · $410,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 24-yr Hold Held for 24 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Retail space located at the northwest corner of Middlebelt Road and Northwestern Highway in Farmington Hills. The site has access to daytime traffic generated by office uses along Northwestern Highway and nighttime traffic from nearby residential neighborhoods. Exterior parking is provided in an on-site parking field that had been recently updated, and pylon signage is available. The space is configured for restaurant, service, or retail use. The area has a Bike Score of 43 and a Walk Score of 50, indicating it is somewhat bikeable and somewhat walkable.

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?
$5k
Tax billed · 2023
Assessed value · 2024$109k
Assessed land$35k
Assessed improvement$74k
Effective rate4.61%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 5.74% cap applied$26k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$233/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$91 – $408
Qualifying comparables10

Cap rate analysis

How does the asset earn?
5.74%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply11.3
Parking Facility10.9
Auto Parts Store10.9

Location

31799 Middlebelt Rd Farmington Hills, MI 48334
County assessor Recorded deeds · 5 transfers 10 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
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