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Property profile & analytics
FOR LEASE
Office buildings
31800 Northwestern Hwy, Farmington Hills, MI 48334
Entity Owned
~
Est. High Equity
Property ID
US43-1094963
For Lease
$15 SF/Yr
31800 Northwestern Hwy, Farmington Hills, MI 48334
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
46,887 SF
Lot
3.77 ac (164,221 SF)
Zoning code
BI
APN
22-23-02-426-011
UPID
US43-1094963
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
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$3.14M
Blend (final)
Blend
$2.86M
Owner & transaction history
Village Park INC
Village Park INC
since 2025
7 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10%
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
$61 / 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
$66,566
Tax year 2023
Assessed value
$2,226,280
Assessed 2024
Previous assessed
$1,857,380
+19.9% YoY
Effective rate
2.99%
On assessed value
Assessed land
$516,490
Assessed improvement
$1,709,790
Land market value
$1,032,980
Improvement market value
$3,419,580
Total market value
$4,452,560
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
FORCED AIR
Stories
1
Total area
46,887 SF
Lot
3.77 ac (164,221 SF)
Zoning code
BI
APN
22-23-02-426-011
UPID
US43-1094963
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.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Stories
1
Lot
3.77 ac
Current owner
From public records · entity-resolved
Village Park INC
Entity
Mailing address
31800 NORTHWESTERN HWY STE #350, FARMINGTON HILLS, MI 48334-1665
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Village Park INC
—
Deed
related
$250,000 · Brandenbrooke Investment Corporation
Jun 26, 2023
—
Village Park INC
—
Deed
related
$2,600,000 · The Christel M Stauch Grandchildrens Tr
Jan 28, 2022
—
Village Park INC
—
Deed
related
$300,000 · Citizens Community Federal
Oct 16, 2017
—
Village Park INC
—
Deed
related
$2,600,000 · Miscellaneous Govt Agcy
—
—
Village Park INC
—
Deed Of Trust
related
$2,675,000 · Comerica Bank
—
—
Village Park INC
—
Deed Of Trust
related
$2,600,000 · Key Bank NA
—
—
Village Park INC
—
Deed Of Trust
related
$200,000 · Comerica Bank
—
—
Village Park INC
—
Deed Of Trust
related
$2,600,000 · Miscellaneous Govt Agcy
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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