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Financial
Distress signals
Property profile

37085 Grand River Ave Farmington, MI 48335

FOR LEASE
Retail space
Property ID
US43-3367533
37,442 SF 2.38 ac lot Built 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Freedom Plaza is a Class A mixed-use building constructed in 2019, consisting of first-floor retail space and two stories of professional office space. The building includes decorative accents of black and red marble and high-end interior finishes, and is configured around a four-story open atrium. It is located at the southeast corner of Grand River and Halsted Roads in Farmington, with corner exposure to the intersection. The site provides access to M-5, I-96, and I-696, and is approximately 28 minutes from Detroit Metropolitan Airport.

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?
$163k
Tax billed · 2023
Assessed value · 2024$3.79M
Effective rate4.30%

Value estimate

· Oct 2026
$10.93M
$9.83M – $12.02M
Submarket $/SF estimate$14.04M
NOI build-up
Gross scheduled income$638k
Vacancy & credit loss−$64k
Operating expenses−$215k
NOI · 2,563,000.00% cap applied$359k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
2,563,000.00%
$359k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C3
General categoryCOMMERCIAL
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 agency24.7
Dental Office19.4
Hair Salon18.8

Location

37085 Grand River Ave Farmington, MI 48335
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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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