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    Property profile & analytics

    35951 5th Mile Rd Livonia, MI 48154-1999

    • Office buildings
    • 4,330 SF
    • 1.57 lot acres
    OFF-MARKET
    Value Estimation
    $755,000
    Last Sale
    Jan 30, 2024
    $750,000
    Location Intelligence
    Property ID
    US43-1512873
    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.

    Current Use by Public Records

    • Hinshon Financial / Financial Planner
    • GRAD & SHOEMAKER / Tax Preparation Service / Certified Public Accountant
    • Winkler Steven / Financial Planner

    Property Details for 35951 5th Mile Rd

    Year built
    1996
    Lot size
    1.57 lot acres
    Property size
    4,330 SF
    Property type
    Office buildings
    APN
    46 077 99 0008 006
    APU
    46077990008006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $750,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $875,000
      Geo Method
      $905,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $615,000
      Mixed-Use
      $740,000
      Hospitality
      $590,000
      Educational
      $690,000
      Residential Income
      $735,000
      Energy
      $730,000
      Income-Based Land
      $640,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Livonia
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3996
    Latitude
    42.3964
    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
    $16,285
    $0.00
    $0.00
    $350,500
    -
    $0.00
    $0.00
    $701,000

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      16000 Middlebelt Rd

      OFFICE BUILDING • 7,200 SF
      16000 Middlebelt Rd, Livonia, MI 48154-3359
      View Details
    • Value Estimation by Request
      1,448 SF

      15400 Oak Dr

      OFFICE BUILDING • 1,448 SF
      15400 Oak Dr, Livonia, MI 48154-3476
      View Details
    • Value Estimation by Request
      4,270 SF

      32398 5th Mile Rd

      OFFICE BUILDING • 4,270 SF
      32398 5th Mile Rd, Livonia, MI 48154-6109
      View Details
    • Value Estimation by Request
      2,200 SF

      33020 5th Mile Rd

      OFFICE BUILDING • 2,200 SF
      33020 5th Mile Rd, Livonia, MI 48154-3075
      View Details
    • Value Estimation by Request
      6,507 SF

      29594 5th Mile Rd

      OFFICE BUILDING • 6,507 SF
      29594 5th Mile Rd, Livonia, MI 48154-3710
      View Details
    • Value Estimation by Request
      20,779 SF

      29550 5th Mile Rd

      OFFICE BUILDING • 20,779 SF
      29550 5th Mile Rd, Livonia, MI 48154-3710
      View Details

    Similar Nearby for Sale

    • $3,400,000
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      Livonia Medical Office Building

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    • $695,000
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      Livonia Office Building Investment

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      Land Near St. Mary Hospital

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    • $59,900

      Commercial Land For Sale

      Vacant commercial land with high exposure in excellent location.
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    Similar Nearby for Lease

    • Contact for pricing
      18,792 SF

      Middlebelt Road Office/Medical Opportunity

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    • $14 SF/Yr
      2,980 SF

      Direct Entry Office Building

      Office building for rent with ample parking and roadside visibility.
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      View Details
    • $21 SF/Yr
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      Livonia Executive Office Space

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    • $17 SF/Yr
      2,021 SF

      Renovated Office Space Available

      Professionally managed, renovated office space with direct suite entry.
      16801 Newburgh Rd, Livonia, MI 48154
      View Details
    • $16 SF/Yr
      1,800 SF

      Farmington Road Office Space

      Livonia office suites, ample parking.
      15265 Farmington Rd, Livonia, MI 48154
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    • $3,500 /Mo
      2,720 SF

      Modern Medical Spa Space Available

      Newly renovated medical spa space for rent in Livonia.
      15645 Farmington Rd, Livonia, MI 48154
      View Details
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    Livonia, MI 48154-1999
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    Realmo Value Estimation

    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.

    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.

    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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