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    35080 Grand River Ave Farmington, MI 48335
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    Property profile & analytics

    35080 Grand River Ave Farmington, MI 48335

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    • Automotive properties
    • 36,661 SF
    • 6.76 lot acres
    For Lease
    $3,855,000
    View Listing →
    Former Collision Shop For Rent For Lease
    $3,855,000
    8,266 SF

    Former Collision Shop For Rent

    8,266 sq ft commercial space suitable for various uses.

    35080 Grand River Ave, Farmington, MI 48335
    View Listing
    Property ID
    US43-0670561
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Excalibur Garage Doors Repairs / Hardware & Home Improvement / Production Facility

    Property Details for 35080 Grand River Ave

    Year built
    1979
    Lot size
    6.76 lot acres
    Property size
    36,661 SF
    Zone code
    BI
    Property type
    Automotive properties
    APN
    22-23-21-351-031
    APU
    222321351031

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,473,000
      Market price range: $2.06M - $7.32M
      AI Estimate
      $3,232,000
      Market price range: $1.09M - $5.09M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3937
    Latitude
    42.4701
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $108,158
    $946,470
    $1,049,220
    $1,995,690
    -
    $1,892,940
    $2,098,440
    $3,991,380

    Comparable in this City

    • Value Estimation
      $8,520,000
      72,857 SF

      39300 10th Mile Rd

      VEHICLE SALES, RENTALS • 72,857 SF
      39300 10th Mile Rd, Farmington, MI 48335-2608
      View Details
    • Value Estimation
      $3,460,000
      22,624 SF

      38200 Grand Riv Ave

      VEHICLE SALES, RENTALS • 22,624 SF
      38200 Grand Riv Ave, Farmington, MI 48335-1512
      View Details
    • Value Estimation
      $5,615,000
      46,968 SF

      38000 Grand Riv Ave

      VEHICLE SALES, RENTALS • 46,968 SF
      38000 Grand Riv Ave, Farmington, MI 48335-1508
      View Details
    • Value Estimation
      $5,650,000
      45,552 SF

      38700 Grand Riv Ave

      VEHICLE SALES, RENTALS • 45,552 SF
      38700 Grand Riv Ave, Farmington, MI 48335-1518
      View Details
    • Value Estimation
      $4,750,000
      49,314 SF

      37911 Grand Riv Ave

      VEHICLE SALES, RENTALS • 49,314 SF
      37911 Grand Riv Ave, Farmington, MI 48335-2831
      View Details
    • Value Estimation
      $1,430,000
      17,292 SF

      37901 Grand Riv Ave

      VEHICLE SALES, RENTALS • 17,292 SF
      37901 Grand Riv Ave, Farmington, MI 48335-2831
      View Details

    Similar Nearby for Sale

    • $3,615,000

      Showroom and Office Space

      Well-located building with showroom and office space available for sale.
      24404 Indoplex Cir, Farmington Hills, MI 48335
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      Downtown Farmington Retail Opportunity

      Retail space available in historic downtown Farmington building.
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    • $2,500,000

      Farmington Retail Opportunity For Sale

      21,839 SF retail building on 3.631 acres.
      35405 Grand River Ave, Farmington, MI 48335
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Former Dealership in Farmington Hills

      Former Farmington Hills Toyota Dealership with great freeway access.
      35200 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • Contact for pricing

      Former Collision Shop For Rent

      8,266 sq ft commercial space suitable for various uses.
      35080 Grand River Ave, Farmington, MI 48335
      View Details
    • Contact for pricing

      Former Auto Dealer Repair Shop

      25,266 SF former auto dealer with repair shop.
      35200 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • Contact for pricing

      Class A Mixed-Use Building

      Class A mixed-use building with retail and office space.
      37085 Grand River Ave, Farmington, MI 48335
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces with prominent signage and private entrances.
      Farmington, MI 48335
      View Details
    • $20 SF/Yr
      1,600 SF

      Retail Space in Farmington Hills

      Multi-tenant strip center with spaces available for lease.
      34701 Grand River Ave, Farmington Hills, MI 48335
      View Details
    View Listing
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    Farmington, MI 48335
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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