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Property profile & analytics
FOR LEASE
Automotive properties
35080 Grand River Ave, Farmington, MI 48335
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0670561
For Lease
1 / 6
$3,855,000
35080 Grand River Ave, Farmington, MI 48335
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Property summary
AI-generated overview
This exceptional commercial property at 35080 Grand River Ave, Farmington, MI 48335, offers 8,266 square feet of versatile space, plus additional mezzanine area. Previously used as a collision shop associated with an adjacent auto dealership, the property boasts B-3 zoning, allowing for a wide range of commercial uses. Potential uses include retail, restaurant, automobile repair, collision repair, or used car sales. The building is situated on Grand River Ave, near Drake Rd, in Oakland County. The single-tenant space presents a unique opportunity for businesses seeking a high-visibility location. An adjacent 25,288 square foot former auto dealership and auto repair building at 35200 Grand River Ave is also available for purchase or lease, presenting potential for synergistic business operations. This property is ideal for entrepreneurs and established businesses seeking a prominent location in a thriving community. The ample square footage and flexible zoning make this an attractive investment opportunity. Contact us today to learn more about this exciting property and its potential.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1979
Total area
36,661 SF
Lot
6.76 ac (294,466 SF)
Zoning code
BI
APN
22-23-21-351-031
UPID
US43-0670561
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
-
Excalibur Garage Doors Repairs Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$3.86M
Owner & transaction history
Rs Grand River LLC · 1 yrs held
Rs Grand River LLC
since 2024
7 recorded transactions
Zoning & alternative use
BI · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+41.2%
Medical building
$5.8M
+28.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,495,000
Current use
RESTAURANT
$6,345,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$5,785,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$4,380,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.86M
Range $3.47M – $4.24M · ±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
$105 / 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
$108,158
Tax year 2023
Assessed value
$1,995,690
Assessed 2024
Previous assessed
$1,834,110
+8.8% YoY
Effective rate
5.42%
On assessed value
Assessed land
$946,470
Assessed improvement
$1,049,220
Land market value
$1,892,940
Improvement market value
$2,098,440
Total market value
$3,991,380
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
36,661 SF
Lot
6.76 ac (294,466 SF)
Zoning code
BI
APN
22-23-21-351-031
UPID
US43-0670561
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.5M
RESTAURANT
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Lot
6.76 ac
Current owner
From public records · entity-resolved
Rs Grand River LLC
Entity
Free & Clear · 1 yrs held
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
—
Rs Grand River LLC
Lithia Real Estate INC
Quitclaim Deed
related
—
Apr 21, 2021
—
Lithia Real Estate INC
Suburban Grand River Property 6 LLC
Warranty Deed
$300,000,000 · Ally Bank
Dec 28, 2016
—
Suburban Grand River Property 6 LLC
Serra Works Of Farmington LLC
Warranty Deed
$1,920,000 · Ally Bank
Feb 8, 2012
—
Serra Works Of Farmington LLC
Connecticut Realty Investors INC
Other
$1,530,000 · The Huntington National Bank
Dec 9, 2010
—
Realty Investors I Connecticut
Rbs Citizens NA
Quit Claim Deed
related
—
May 4, 2010
$4,965,000
Charter One Bank NA
Sheriff Of Oakland County
Trustees Deed
related
—
May 14, 2007
—
Farmington Hills Holding Co
Mechigian,robert S & Ruth
Quit Claim Deed
related
—
May 11, 2007
$1,100,000
Farmington Hills Holding Co
Mechigian Family
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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