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Property profile & analytics
OFF-MARKET
Office buildings
32905 12th Mile Rd Ste 310 Farmington Hills, MI 48334-3345
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1073483
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
1,306 SF
Lot
0.14 ac (6,055 SF)
Zoning code
KI
APN
22-23-15-102-011
UPID
US43-1073483
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nacho Real Estate Holdings Company · 4 yrs held
Nacho Real Estate Holdings Company
since 2022
Last sale
$95,000
4 recorded transactions
Zoning & alternative use
KI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,664
Tax year 2023
Assessed value
$63,880
Assessed 2024
Previous assessed
$62,990
+1.4% YoY
Effective rate
5.74%
On assessed value
Assessed land
$25,030
Assessed improvement
$38,850
Land market value
$50,060
Improvement market value
$77,700
Total market value
$127,760
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
1,306 SF
Lot
0.14 ac (6,055 SF)
Zoning code
KI
APN
22-23-15-102-011
UPID
US43-1073483
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
KI · Farmington Hills, MI
Zoning KI · permitted uses
KI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Nacho Real Estate Holdings Company
Entity
Free & Clear · 4 yrs held
Mailing address
5609 SPRINGWATER LN, WEST BLOOMFIELD, MI 48322-1751
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$95,000
Nacho Real Estate Holdings Company
Chitra Hemanth
Warranty Deed
—
Nov 12, 2015
$100,000
Chitra Hemanth
Chhatwal Quaker LLC
Warranty Deed
—
Dec 5, 2006
$130,000
Chhatwal Quaker LLC
Kedhar LLC
Warranty Deed
—
Nov 30, 2005
$117,000
Kedhar LLC
David A Cechanowicz
Warranty Deed
$93,600 · Jpmorgan Chase Bank NA
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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