Realmo Analytics

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Property profile

33431 Grand River Ave Farmington, MI 48335

FOR LEASE
Office buildings
Property ID
US43-1150781
10,138 SF 0.14 ac lot Built 1900
Last sale Sep 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story office building with a flexible floor plan designed to accommodate either a single user or multiple users across the upper and lower levels, totaling approximately 10,138 square feet. The building includes elevator access serving both floors. Constructed in 1900 and fully renovated in 1987, it has documented major capital improvements, including a roof replacement in 2015 and furnace replacements in 2023. Located in Downtown Farmington with frontage along Grand River Avenue, the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value · 2024$542k
Effective rate5.21%

Value estimate

· Oct 2026
$340k
$306k – $374k
Submarket $/SF estimate$1.34M
NOI build-up
Gross scheduled income$170k
Vacancy & credit loss−$14k
Operating expenses−$47k
NOI · 495,859.09% cap applied$109k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$92 – $151
Qualifying comparables6

Cap rate analysis

How does the asset earn?
495,859.09%
$109k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.6
Daycare Center10.1
Laundry Service9.6

Location

33431 Grand River Ave Farmington, MI 48335
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
34034 8th Mile, Farmington, MI 48335-5222 $925,000 Jun 2025 6,638 SF
33900 8th Mile, Farmington, MI 48335-5203 $1,250,000 Nov 2022 12,882 SF
24125 Drake, Farmington Hills, MI 48335-3108 $1,195,000 Dec 2021 10,304 SF
33730 Freedom, Farmington, MI 48335-4718 $975,000 Aug 2021 6,125 SF
33930 8th Mile, Farmington, MI 48335-5272 $900,000 Dec 2019 9,758 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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