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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Strip malls
32507 Northwestern Hwy Farmington Hills, MI 48334-1447
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0014935
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
9,141 SF
Lot
0.85 ac (36,852 SF)
Zoning code
BI
APN
22-23-02-176-061
UPID
US43-0014935
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
by Request
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$955k
Owner & transaction history
Global Talent Network INC · 12 yrs held
Global Talent Network INC
since 2014
6 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+86.0%
Medical building
$1.4M
+69.6%
Auto repair, garage
$1.1M
+31.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Current use
RESTAURANT
$1,580,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$1,445,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,120,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: +26% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$750,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$104 / 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
$19,806
Tax year 2023
Assessed value
$507,850
Assessed 2024
Previous assessed
$447,710
+13.4% YoY
Effective rate
3.90%
On assessed value
Assessed land
$129,050
Assessed improvement
$378,800
Land market value
$258,100
Improvement market value
$757,600
Total market value
$1,015,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
9,141 SF
Lot
0.85 ac (36,852 SF)
Zoning code
BI
APN
22-23-02-176-061
UPID
US43-0014935
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$850,000
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Global Talent Network INC
Entity
Free & Clear · 12 yrs held
Mailing address
6630 COLBY LN, BLOOMFIELD HILLS, MI 48301-2945
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2014
$530,000
Global Talent Network INC
Blue Horseshoe Holding Co
Warranty Deed
—
Jun 19, 2012
$219,900
Newtek Small Busn Fin INC
Sheriff Of Oakland County
Trustees Deed
related
—
Jun 12, 2012
$197,792
Blue Horseshoe Holding Co
Sheriff Of Oakland County
Trustees Deed
related
—
Apr 2, 2004
$1,925,000
Cnc Realty LLC
Future Ventures Corp
Grant Deed
$1,725,000 · Standard Federal Bank
—
—
Future Ventures Corp
—
Deed Of Trust
related
$800,000 · Bank One Michigan
—
—
Cnc Realty LLC
—
Deed Of Trust
related
$1,333,000 · Newtek Small Business Finance
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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