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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Strip malls
33210 12th Mile Rd, Farmington Hills, MI 48334-3309
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0076200
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Total area
122,543 SF
Lot
10.01 ac (436,036 SF)
Zoning code
BI
APN
22-23-10-352-001
UPID
US43-0076200
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
$2.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Bj Investments Farmington LLC · 3 yrs held
Bj Investments Farmington LLC
since 2023
Last sale
$2.2M
6 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
$2,475,000
ML approach
$2,945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $2.16M (Apr 27 2023)
Last sale anchor
$2.16M
Apr 27 2023
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
$22 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$279,229
Tax year 2021
Assessed value
$5,833,020
Assessed 2022
Previous assessed
$5,833,020
+0.0% YoY
Effective rate
4.79%
On assessed value
Assessed land
$1,342,720
Assessed improvement
$4,490,300
Land market value
$2,685,440
Improvement market value
$8,980,600
Total market value
$11,666,040
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
1960
Heating
PACKAGE
Stories
1
Total area
122,543 SF
Lot
10.01 ac (436,036 SF)
Zoning code
BI
APN
22-23-10-352-001
UPID
US43-0076200
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MI
Zoning 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
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
PACKAGE
Stories
1
Lot
10.01 ac
Current owner
From public records · entity-resolved
Bj Investments Farmington LLC
Entity
Mailing address
29610 SOUTHFIELD RD STE #100, SOUTHFIELD, MI 48076-2000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 27, 2023
—
Bj Investments Farmington LLC
Butler Farmington Associates LP
Quit Claim Deed
related
$8,450,000 · Jackson Flagstar Centre Office
Jan 11, 2008
$2,160,232
Bj Investments 2002 LLC
Butler John Wm Trust
Warranty Deed
—
Jan 11, 2008
$5,700,000
Butler Farmington Assocs
Bj Investments 2002 LLC
Warranty Deed
—
Jan 11, 2008
$1,260,000
Bj Investments-farmington LLC
Butler John Wm Trust
Warranty Deed
—
Jul 25, 2007
—
Butler John W Trust
Butler,john W
Quit Claim Deed
related
—
Jan 14, 2003
—
Bj Investments -farmington LLC
Bj Investments
Quit Claim Deed
related
—
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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