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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
33312 Grand Riv Ave Farmington, MI 48336-3124
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2619516
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Total area
4,125 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
20-23-27-153-010
UPID
US43-2619516
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
-
Leonor Louis DDS Dental Office
-
Amani Life Counseling & Therapy Foster Care Service Social Service Agency
-
Edward Jones Investments Financial Advisor
-
Edward Jones - Financial Advisor: Matt Ostach Financial Advisor
-
Comfort Keepers In-Home Care of Farmington, MI Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$535k
Owner & transaction history
Chang Company Limited LLC · 6 yrs held
Chang Company Limited LLC
since 2020
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
CBD · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$725,000
+51.3%
Medical building
$650,000
+35.6%
Auto repair, garage
$505,000
+5.3%
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
$640,000
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
$480,000
Current use
COMMERCIAL (GENERAL)
$725,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $575k (Mar 10 2020)
Last sale anchor
$575k
Mar 10 2020
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
$130 / 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
$13,392
Tax year 2023
Assessed value
$219,640
Assessed 2024
Previous assessed
$209,040
+5.1% YoY
Effective rate
6.10%
On assessed value
Total market value
$439,280
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
1923
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
4,125 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CBD
APN
20-23-27-153-010
UPID
US43-2619516
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
$480,000
COMMERCIAL (GENERAL)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1923
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Chang Company Limited LLC
Entity
Mailing address
33954 COTSWOLD ST, FARMINGTON HILLS, MI 48335-1442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2020
$575,000
Chang Company Limited LLC
Leopold Investments LLC
Warranty Deed
$452,000 · Chemical Bank
Sep 30, 2010
$300,000
Leopold Investments LLC
First Mi Bk
Grant Deed
—
Sep 28, 2010
—
Mi Bk First
Cf Bancorp
Grant Deed
—
Feb 12, 2008
$600,000
Citizens First Savings Bank
Sheriff Of Oakland County
Trustees Deed
related
—
Mar 30, 2007
$600,000
33312 Grand River LLC
Vlk,james F
Warranty Deed
$665,996 · Citizens First Savings Bank
Oct 31, 2002
—
33312 Grand River LLC
Vlk,james F & Wendy W
Grant Deed
$2,480,000 · Comerica Bank
—
—
James F Vlk
—
Deed Of Trust
related
$282,000 · Metrobank
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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