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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
33316 Grand Riv Ave, Farmington, MI 48336-6404
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1136205
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Total area
5,460 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
20-23-27-153-008
UPID
US43-1136205
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
-
IJA Strategies Consultant
-
Basement Burger Bar Farmington Bar & Pub Restaurant
-
1Up Arcade Bar- Farmington Bar & Pub
-
Liberty Mutual Car Insurance Insurance Agency
-
Barnes Sales Institute Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$950k
Owner & transaction history
Azar Brothers LLC · 3 yrs held
Azar Brothers LLC
since 2022
Last sale
$975,000
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $975k (Dec 5 2022)
Last sale anchor
$975k
Dec 5 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
$174 / 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
$22,529
Tax year 2023
Assessed value
$364,550
Assessed 2024
Previous assessed
$349,330
+4.4% YoY
Effective rate
6.18%
On assessed value
Total market value
$729,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
5,460 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
20-23-27-153-008
UPID
US43-1136205
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
1915
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Azar Brothers LLC
Entity
Mailing address
28882 KENDALLWOOD DR, FARMINGTON HILLS, MI 48334-2638
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$975,000
Azar Brothers LLC
Q Co LLC
Warranty Deed
$700,000 · Pnc Bank NA
Dec 8, 2005
—
Q Co LLC
Q-co LLC
Quit Claim Deed
related
—
Nov 20, 2002
$640,000
Q-co LLC
Alpha Two LLC
Grant Deed
$575,000 · Privatebank
Apr 12, 2002
—
Alpha Two LLC
Sakuta,camille
Quit Claim Deed
related
—
Mar 5, 2002
—
Sakuta Trust
Alpha Properties
Quit Claim Deed
related
—
—
—
Q Co LLC
—
Deed Of Trust
related
$428,000 · Buck Nancy L Trust (pt)
—
—
Q Co LLC
—
Deed Of Trust
related
$50,000 · Private Bank
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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