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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Grocery and convenience stores
32340 Grand Riv Ave, Farmington, MI 48336-3202
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-1763055
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Total area
5,082 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
20-23-27-404-002
UPID
US43-1763055
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
Current use
Occupant on record · Public records
-
Marathon Gas Gas Station
-
Grand River & Power Marathon Auto Service Auto Repair Shop
-
Burger One of Farmington Restaurant
-
Antonio's Soulful Creations Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.53M
Owner & transaction history
J&b Property Management LLC · 11 yrs held
J&b Property Management LLC
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Farmington, 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$301 / 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
$24,627
Tax year 2023
Assessed value
$559,350
Assessed 2024
Previous assessed
$549,540
+1.8% YoY
Effective rate
4.40%
On assessed value
Total market value
$1,118,700
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,082 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
20-23-27-404-002
UPID
US43-1763055
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 · Farmington, MI
Zoning C2 · permitted uses
C2 · Farmington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
J&b Property Management LLC
Entity
Mailing address
32340 GRAND RIV AVE, FARMINGTON, MI 48336-3202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
—
J&b Property Management LLC
—
Deed
related
$100,000 · Main Street Bank
Apr 8, 2015
—
J&b Property Management LLC
Lpi 32340 Grand River Avenue LLC
Deed
$820,000 · Main Street Bank
Sep 25, 2013
—
J & B Property Management LLC
Lpi 32340 Grand River Avenue L
Grant Deed
—
May 9, 2011
—
Grand River Avenue L Lpi-32340
Habhab Petroleum LLC
Warranty Deed
—
May 5, 2003
—
Habhab Petroleum LLC
—
Trustees Deed
related
$1,232,500 · Flagstar Bank Fsb
Aug 21, 2002
—
Habhab Petoleum LLC
Habhab,habib
Quit Claim Deed
related
$560,000 · Bank One Michigan
Aug 21, 2002
$583,220
Habib Habbah
Equilon Enterprises LLC
Grant Deed
—
Oct 11, 1999
$11,863,000
Equilon Enterprises LLC
Shell Oil Co
Grant Deed
—
—
—
Habhab Petroleum LLC
—
Deed Of Trust
related
$2,175,000 · Privatebank
—
—
Habhab Petroleum LLC
—
Deed Of Trust
related
$2,000,000 · Sterling Bank & Trust Fsb
—
—
Grand River Avenue L Lpi-32340
—
Deed Of Trust
related
$1,370,000 · Mbank
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.
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