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    Property profile & analytics

    32800 Franklin Rd Franklin, MI 48025-1111

    • Retail space
    • 5,590 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $690,000
    Last Sale
    Feb 15, 2022
    $600,000
    Location Intelligence
    Property ID
    US43-1100459
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 32800 Franklin Rd

    Year built
    1837
    Lot size
    0.66 lot acres
    Property size
    5,590 SF
    Zone code
    BI
    Property type
    Retail space
    APN
    TF-24-06-226-039
    APU
    TF2406226039

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3055
    Latitude
    42.5287
    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
    $10,101
    $0.00
    $0.00
    $275,240
    -
    $0.00
    $0.00
    $550,480

    Comparable in this City

    • Value Estimation by Request
      1,046 SF

      32611 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,046 SF
      32611 Franklin Rd, Franklin, MI 48025-1181
      View Details
    • Value Estimation by Request
      8,410 SF

      31109 Greenfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,410 SF
      31109 Greenfield Rd, Beverly Hills, MI 48025-5658
      View Details
    • Value Estimation
      $1,765,000
      4,617 SF

      32760 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,617 SF
      32760 Franklin Rd, Franklin, MI 48025-1136
      View Details
    • Value Estimation by Request
      2,135 SF

      32751 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,135 SF
      32751 Franklin Rd, Franklin, MI 48025-1113
      View Details
    • Value Estimation by Request
      5,960 SF

      32716 Franklin Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,960 SF
      32716 Franklin Rd, Franklin, MI 48025-1136
      View Details
    • Value Estimation by Request
      7,426 SF

      31409 Southfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,426 SF
      31409 Southfield Rd, Beverly Hills, MI 48025-5459
      View Details

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    Similar Nearby for Lease

    • $561,850

      Franklin Retail Investment Opportunity

      Prime retail property occupied by the US Post Office.
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      Modern Office Suites in Prime Location
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      Bingham Farms Medical/Creative Office

      Modern Office Space, Flexible Leasing
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    32800 Franklin Rd
    Franklin, MI 48025-1111
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    Realmo Value Estimation

    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.

    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.

    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
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