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    Property profile & analytics
    OFF-MARKET Estimated value $1,000,000
    Retail space

    34420 8th Mile Rd, Farmington, MI 48335-5101

    7,034 SF 1.47 ac lot Built 1998
    Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1203925
    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 County, this well-established retail building benefits from its location near the heart of the Farmington Hills business district and enjoys landmark recognition within the community. The property is ideal for businesses seeking high visibility and convenient access for customers. The building has been a retail staple in the community for years, offering established brand recognition and opportunities for engaging signage. This is a unique opportunity to establish or expand your business in a thriving commercial area. The zip code is 48335.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1998
    Total area 7,034 SF
    Lot 1.47 ac (64,033 SF)
    Zoning code BI
    APN 22-23-33-376-066
    UPID US43-1203925
    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
    $1.17M
    Comparable Approach Comparable
    $878k
    Blend (final) Blend
    $1.00M
    Owner & transaction history
    Family Video Movie Club INC · 28 yrs held
    Family Video Movie Club INC
    since 1998
    7 recorded transactions
    2025
    2018
    2003
    2001
    1999
    1998
    $350,000
    1969
    Zoning & alternative use
    BI · Farmington, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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