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Property profile & analytics
OFF-MARKET
Assisted living facilities
34225 Grand Riv Ave, Farmington, MI 48335-3440
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US43-0160423
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1974
Total area
41,956 SF
Lot
1.89 ac (82,328 SF)
Zoning code
R1
APN
20-23-28-203-039
UPID
US43-0160423
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
-
White Pine Healthcare And Rehabilitation Center Nursing Home Retirement Community
-
Medilodge of Farmington Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Farmington Wp Acquisition Grou · 10 yrs held
Farmington Wp Acquisition Grou
since 2015
7 recorded transactions
Zoning & alternative use
R1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$90,290
Tax year 2023
Assessed value
$2,153,170
Assessed 2024
Previous assessed
$2,040,310
+5.5% YoY
Effective rate
4.19%
On assessed value
Total market value
$4,306,340
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1974
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
41,956 SF
Lot
1.89 ac (82,328 SF)
Zoning code
R1
APN
20-23-28-203-039
UPID
US43-0160423
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R1 · Farmington, MI
Zoning R1 · permitted uses
R1 · 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
1974
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Farmington Wp Acquisition Grou
Individual
Mailing address
PO BOX 20197, ATLANTA, GA 30325-0197
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2018
—
Howell Wp Acquisition Grp LLC
—
Deed
related
$57,225,000 · Private Individual
Mar 23, 2018
—
Howell Wp Acquisition Grp LLC
—
Loan Modification
related
$43,100,000 · Private Individual
Nov 2, 2015
—
Farmington Wp Acquisition Grou
Pvr-farmington LLC
Quit Claim Deed
—
May 20, 2013
—
Pvr-farmington LLC
Five Star Quality Care-farming
Grant Deed
$3,589,324 · Mpg Healthcare LP
May 19, 2005
—
Star Quality Care Five
Spt-michigan Trust
Grant Deed
—
Feb 1, 2002
—
Spt-michigan Trust
Five Star Quality Care-mi LLC
Grant Deed
related
—
Sep 5, 2000
—
Snh-michigan INC
Ihs Acquisition #112 INC
Quit Claim Deed
related
—
Feb 6, 1998
—
Ihs Acquistion No 112
Horizon Cms Healthcare Corp
Grant Deed
related
—
—
—
Shopco-mi LLC
—
Deed Of Trust
related
$4,170,000 · First Union National Bank
—
—
Pvr-farmington LLC
—
Loan Modification
related
$10,385,741 · Mpg Healthcare LP
—
—
Howell Wp Acquisition Grp LLC
—
Loan Modification
related
$57,225,000 · Private Individual
—
—
Star Quality Care Five
—
Deed Of Trust
related
$3,485,000 · Love Funding Corp
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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