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Financial
Distress signals
Property profile

34420 8th Mile Rd Farmington, MI 48335

OFF-MARKET
Retail space
Property ID
US43-1203925
7,034 SF 1.47 ac lot Built 1998
Last sale Apr 1998 · $350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 28-yr Hold Held for 28 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Farmington Hills, MI retail property, located at 34420 Eight Mile Rd, offers 5,500 square feet of vacant space in a 7,023 square foot strip center. The property boasts a prime location on the northwest corner of Eight Mile Road and Gill Road, ensuring excellent visibility and accessibility. With a total of 58 parking spaces, ample customer parking is readily available. The 1.56-acre lot (67,898 square feet) provides significant space and potential for expansion. Situated in Oakland…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value · 2024$426k
Assessed land$205k
Assessed improvement$221k
Effective rate4.60%

Value estimate

· Oct 2026
$385k
$347k – $424k
CAP approach$1.17M
Submarket $/SF estimate$878k

Realmo valuation models over county records and 16 qualifying comparable sales.

Recently sold

What actually traded nearby?
$233/SF
Submarket average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$91 – $408
Qualifying comparables16

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.0
Restaurant29.4
Law Firm27.5

Location

34420 8th Mile Rd Farmington, MI 48335-5101
County assessor Recorded deeds · 7 transfers 16 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

3 recorded sales · 12 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33409 Grand Riv, Farmington, MI 48335-3521 $650,000 Aug 2022 5,682 SF
24385 Halsted, Farmington Hills, MI 48335-1609 $1,159,000 Sep 2021 15,586 SF
38350 10th Mile, Farmington, MI 48335-2804 $595,000 Dec 2020 4,458 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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