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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
33604 8th Mile Rd Farmington, MI 48335-5202
Entity Owned
17-yr Hold
Free & Clear
Property ID
US43-4941908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
14,378 SF
Lot
0.91 ac (39,770 SF)
Zoning code
BI
APN
22-23-33-477-020
UPID
US43-4941908
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
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$795k
Owner & transaction history
Deraborn Group Ents LLC · 17 yrs held
Deraborn Group Ents LLC
since 2009
7 recorded transactions
Zoning & alternative use
BI · 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%
$880,000
6.5%
$810,000
7%
$755,000
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
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
$55 / 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
$20,252
Tax year 2023
Assessed value
$472,140
Assessed 2024
Previous assessed
$467,890
+0.9% YoY
Effective rate
4.29%
On assessed value
Assessed land
$109,390
Assessed improvement
$362,750
Land market value
$218,780
Improvement market value
$725,500
Total market value
$944,280
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
1986
Heating
FORCED AIR
Stories
2
Total area
14,378 SF
Lot
0.91 ac (39,770 SF)
Zoning code
BI
APN
22-23-33-477-020
UPID
US43-4941908
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington, MI
Zoning BI · permitted uses
BI · 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
1986
Heating
FORCED AIR
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Deraborn Group Ents LLC
Entity
Free & Clear · 17 yrs held
Mailing address
33604 W 8TH MILE RD, FARMINGTON HILLS, MI 48335-5202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2019
—
Dearborn Group Enterprises LLC
—
Deed
related
$600,000 · The Huntington National Bank
Apr 6, 2009
—
Deraborn Group Ents LLC
Main Street Bk
Grant Deed
—
Aug 7, 2007
$947,000
Main Street Bank
Sheriff Of Oakland County
Trustees Deed
related
—
Nov 2, 2005
$1,100,000
Dw 3 Investments LLC
Lmn
Warranty Deed
$965,000 · Main Street Bank
Aug 17, 1999
$400,000
33604 W 8 Mile Rd INC
Olsen,harold D
Trustees Deed
—
Aug 17, 1999
$20,000
33604 W 8 Mile Rd INC
Yarnevich,mark D & Caron S
Trustees Deed
—
May 28, 1999
$1,250,000
Lmn Co
33604 W Eight Mile Rd INC
Grant Deed
—
—
—
Lmn Co
—
Deed Of Trust
related
$930,000 · Michigan National Bank
—
—
Dearborngroup Ents LLC
—
Deed Of Trust
related
$2,150,000 · Franklin Bank
—
—
Dw3 Investments LLC
—
Deed Of Trust
related
$40,000 · Main Street 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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