Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31930 Grand Riv Ave Farmington, MI 48336-4126
    Back to Search
    Property profile & analytics

    31930 Grand Riv Ave Farmington, MI 48336-4126

    View on Map
    • Medical Office Space
    • 2,503 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Jul 21, 2025
    Property ID
    US43-0182683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roman Shlafer DDS / Dental Office
    • Dental Implants in Farmington Hills / Dental Office

    Property Details for 31930 Grand Riv Ave

    Year built
    1991
    Lot size
    0.32 lot acres
    Property size
    2,503 SF
    Zone code
    C2
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    20-23-27-403-137
    APU
    202327403137

    Description

    This Farmington, MI medical office building presents a compelling investment opportunity. The 2,503 square foot property, built in 1991, is located at 31930 Grand River Ave, 48336, in Oakland County, within a thriving retail corridor featuring national tenants like Starbucks, Target, and T.J. Maxx. Currently 100% occupied by Guardian Dentistry Partners under a Net Net + lease commencing May 5, 2023, and expiring May 5, 2033, with two five-year renewal options, this single-tenant property offers a substantial remaining lease term of 8.3 years. The lease includes a 3% annual rent increase, providing built-in protection against inflation and a steady increase in cash flow. The asking price is $867,143, representing a price per square foot of $346 and a 7.00% cap rate, with a current NOI of $60,700. The strong demographics of the area, boasting over 208,479 residents within a 5-mile radius and an average household income exceeding $114,759, further enhance the investment potential. Guardian Dentistry Partners' recent acquisition of the practice and long-term lease commitment underscore the stability and longevity of this investment. This fee-simple property is ideal for 1031 exchange buyers seeking a passive income stream with minimal management responsibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3619
    Latitude
    42.4592
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,824
    $0.00
    $0.00
    $256,700
    -
    $0.00
    $0.00
    $513,400

    Comparable in this City

    • Value Estimation by Request
      2,676 SF

      23020 Power Rd

      MEDICAL BUILDING • 2,676 SF
      23020 Power Rd, Farmington, MI 48336-3247
      View Details
    • Value Estimation
      $3,170,000
      35,120 SF

      23800 Orch Lk Rd

      MEDICAL BUILDING • 35,120 SF
      23800 Orch Lk Rd, Farmington Hills, MI 48336-2560
      View Details
    • Value Estimation by Request
      2,892 SF

      22821 Orch Lk Rd

      MEDICAL BUILDING • 2,892 SF
      22821 Orch Lk Rd, Farmington, MI 48336-3230
      View Details
    • Value Estimation by Request
      3,373 SF

      23280 Farmington Rd

      MEDICAL BUILDING • 3,373 SF
      23280 Farmington Rd, Farmington, MI 48336-3100
      View Details
    • Value Estimation by Request
      2,213 SF

      32595 Grand Riv Ave

      MEDICAL BUILDING • 2,213 SF
      32595 Grand Riv Ave, Farmington, MI 48336-3213
      View Details
    • Value Estimation
      $1,030,000
      10,812 SF

      23900 Orch Lk Rd Ste, Unit 200

      MEDICAL BUILDING • 10,812 SF
      23900 Orch Lk Rd Ste, Farmington Hills, MI 48336-2512
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,110 SF

      Versatile Retail/Office Space Available

      Adaptable commercial space suitable for office, medical, or retail use.
      29010 W 8 Mile Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      28,148 SF

      Manufacturing Property with Modern Amenities

      Two buildings on 2.75 acres, ideal for manufacturing.
      31666 W Eight Mile Rd, Farmington, MI 48336
      View Details
    • $2,300,000
      28,148 SF

      Farmington Commercial Property with Two Buildings

      Two buildings on a 2.75-acre lot, ideal for manufacturing.
      31666 W Eight Mile Rd, Farmington, MI 48336
      View Details
    • $2,400,000
      28,148 SF

      Manufacturing and Office Space Available

      Two buildings on 2.75 acres, ideal for manufacturing.
      31666 W Eight Mile Rd, Farmington, MI 48336
      View Details
    • Contact for pricing
      3,000 SF

      Office/Retail Building on Eight Mile

      3,000 SF building suitable for office or retail use.
      25710 W 8 Mile Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      3,619 SF

      Farmington Hills Office Building

      3,619 SF office building in Farmington Hills, Michigan.
      29250 W 9 Mile Rd, Farmington Hills, MI 48336
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      43,000 SF

      High-Traffic Commercial Property in Farmington

      Freestanding commercial property in high-traffic area, suitable for various uses.
      31154 Grand River Ave, Farmington, MI 48336
      View Details
    • $18 SF/Yr

      Orchard Lake Road Medical/Office Building

      Two-story medical/office building with excellent visibility and ample parking.
      23900 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • $1,400 /Mo

      Updated Retail/Office Space Available

      Highly visible, updated retail/office suite in Farmington, Michigan.
      31822 Grand River Ave, Farmington, MI 48336
      View Details
    • Contact for pricing

      Renovated Office/Medical Space Available

      Office/medical suites for lease near Corewell Health Farmington Hills.
      23800 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing

      Farmington Hills Office/Medical Space

      Office/medical space in Farmington Hills with updated finishes.
      23900 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      1,830 SF

      Medical Office Space Available

      Medical and office spaces for lease near area hospitals.
      23133 Orchard Lake Rd, Farmington, MI 48336
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31930 Grand Riv Ave
    Farmington, MI 48336-4126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31930 Grand Riv Ave, Farmington, MI, 48336
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!