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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Strip malls
32500 Northwestern Hwy Farmington Hills, MI 48334-1446
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1375041
Property summary
AI-generated overview
This exceptional retail opportunity is located at 32500 Northwestern Hwy, Farmington Hills, MI 48334. The Courtyard Shopping Center offers a total of 10,000 square feet of space, with multiple tenancies available. Currently, there are 5,471 square feet of vacant space available for lease, divisible into units as small as 2,281 square feet and offering contiguous space up to a maximum of 3,190 square feet. The property is ideally suited for a variety of retail or office uses. High visibility is ensured by signage opportunities facing the heavily trafficked Northwestern Highway. The center boasts ample parking for customers and employees, providing convenient access for all. This prime location in Farmington Hills offers excellent exposure and accessibility, making it an attractive option for businesses seeking a thriving retail environment. The flexible space options allow for customization to meet individual tenant needs. Don't miss this chance to secure your space in this well-situated shopping center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Total area
17,692 SF
Lot
1.86 ac (80,891 SF)
Zoning code
BI
APN
22-23-02-126-127
UPID
US43-1375041
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$740k
Owner & transaction history
32512 Northwestern LLC · 11 yrs held
32512 Northwestern LLC
since 2014
3 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$42 / 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
$32,285
Tax year 2023
Assessed value
$664,930
Assessed 2024
Previous assessed
$886,480
-25.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$283,170
Assessed improvement
$381,760
Land market value
$566,340
Improvement market value
$763,520
Total market value
$1,329,860
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
17,692 SF
Lot
1.86 ac (80,891 SF)
Zoning code
BI
APN
22-23-02-126-127
UPID
US43-1375041
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MIZoning 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
Building & site characteristics
From public records
Year built
1958
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
32512 Northwestern LLC
Entity
Mailing address
31000 NORTHWESTERN HWY STE #200, FARMINGTON HILLS, MI 48334-2586
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2014
—
32512 Northwestern LLC
Courtyard Associates Co LLC
Grant Deed
—
—
—
32512 Northwestern LLC
—
Deed Of Trust
related
$1,578,000 · Miscellaneous Ins Co
—
—
Courtyard Associates Co LLC
—
Deed Of Trust
related
$800,000 · Flagstar Bank Fsb
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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