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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office buildings
33300 Thomas St Farmington, MI 48336-2353
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1832213
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1944
Total area
6,151 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CBD
APN
20-23-27-151-022
UPID
US43-1832213
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
-
Proglyphics Marketing & Advertising Advertising Agency
-
Avalon Films Film Production Television Studio
-
Road Less Traveled Books (Bike/Boat/Book/etc) Store
-
Tango Associates Inc Counselor
-
Clik Group Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$840k
Owner & transaction history
Allore Holdings II LLC · 4 yrs held
Allore Holdings II LLC
since 2022
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
CBD · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+51.3%
Restaurant
$1.1M
+48.6%
Medical building
$970,000
+35.6%
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
Method
Estimation
Statistic approach
$885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
COMMERCIAL (GENERAL)
$1,085,000
Change: +51% · Conversion: Easy
RESTAURANT
$1,065,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$970,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $850k (Mar 11 2022)
Last sale anchor
$850k
Mar 11 2022
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
$137 / 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
$23,793
Tax year 2023
Assessed value
$365,580
Assessed 2024
Previous assessed
$355,540
+2.8% YoY
Effective rate
6.51%
On assessed value
Total market value
$731,160
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
1944
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
6,151 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CBD
APN
20-23-27-151-022
UPID
US43-1832213
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1944
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Allore Holdings II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
23609 WARNER ST, FARMINGTON, MI 48336-2358
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 11, 2022
$850,000
Allore Holdings II LLC
Studio Property LLC
Warranty Deed
—
Mar 14, 2011
$673,000
Studio Properties LLC
Avalon Associates LLC
Warranty Deed
$480,000 · Pnc Bank
Jan 28, 2008
—
Studio Properties LLC
Avalon Associates LLC
Grant Deed
—
—
—
Avalon Associates LLC
—
Deed Of Trust
related
$550,000 · N B D 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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