New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Super regional malls
33001 Grand Riv Ave, Farmington, MI 48336-3119
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1852544
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1967
Total area
76,172 SF
Lot
4.08 ac (177,725 SF)
Zoning code
CBD
APN
20-23-27-156-005
UPID
US43-1852544
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
-
Priority Dumpster Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Leitrim-groves LLC · 7 yrs held
Leitrim-groves LLC
since 2018
7 recorded transactions
Zoning & alternative use
CBD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$49 / 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
$153,270
Tax year 2023
Assessed value
$2,964,890
Assessed 2024
Previous assessed
$2,955,850
+0.3% YoY
Effective rate
5.17%
On assessed value
Total market value
$5,929,780
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1967
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
76,172 SF
Lot
4.08 ac (177,725 SF)
Zoning code
CBD
APN
20-23-27-156-005
UPID
US43-1852544
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Farmington, MI
Zoning CBD · permitted uses
CBD · 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
1967
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Leitrim-groves LLC
Entity
Free & Clear · 7 yrs held
Mailing address
28400 NORTHWESTERN HWY STE #400, SOUTHFIELD, MI 48034-8349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jul 20, 2018
—
Leitrim-groves LLC
Groves Center LLC
Quit Claim Deed
—
Jul 3, 2018
—
Leitrim Groves LLC
—
Grant Deed
related
$5,100,000 · Starwood Mtg Cap
Jan 9, 2018
—
Groves Center LLC
—
Deed
related
$650,000 · Bank Of Ann Arbor
May 15, 2013
—
City Of Farmington
Grove Center LLC
Warranty Deed
—
Sep 7, 2012
—
Groves Center LLC
Center Holding Co
Quit Claim Deed
—
—
—
Groves Center LLC
—
Deed Of Trust
related
$100,000 · Bank Of Ann Arbor
—
—
Manifold Ventures LLC
—
Deed Of Trust
related
$2,200,000 · Bank Of Ann Arbor
—
—
Maniford Ventures LLC
—
Loan Modification
related
$2,200,000 · Bank Of Ann Arbor
—
—
Center Holding Co
—
Deed Of Trust
related
$630,000 · First Michigan Bank
—
—
Groves Center LLC
—
Loan Modification
related
$500,000 · Bank Of Ann Arbor
—
—
Groves Center LLC
—
Loan Modification
related
$650,000 · Bank Of Ann Arbor
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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