Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Auto shops
37175 Grand Riv Ave Farmington, MI 48335-2821
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3485713
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2017
Total area
18,225 SF
Lot
8.96 ac (390,298 SF)
Zoning code
C3
APN
20-23-29-101-010
UPID
US43-3485713
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
by Request
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$3.09M
Owner & transaction history
Lithia Real Estate INC · 5 yrs held
Lithia Real Estate INC
since 2021
4 recorded transactions
Zoning & alternative use
C3 · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+90.5%
Commercial (general)
$3.2M
+43.7%
Restaurant
$3.2M
+41.2%
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
$2,235,000
Current use
RETAIL STORES
$4,255,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,210,000
Change: +44% · Conversion: Moderate
RESTAURANT
$3,155,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$2,875,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$2,180,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±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
$169 / 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
$98,336
Tax year 2023
Assessed value
$1,928,520
Assessed 2024
Previous assessed
$1,837,550
+5.0% YoY
Effective rate
5.10%
On assessed value
Total market value
$3,857,040
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2017
Heating
GAS
Stories
1
Units
1
Total area
18,225 SF
Lot
8.96 ac (390,298 SF)
Zoning code
C3
APN
20-23-29-101-010
UPID
US43-3485713
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C3 · Farmington, MI
Zoning C3 · permitted uses
C3 · 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
$2.2M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2017
Heating
GAS
Stories
1
Units
1
Lot
8.96 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
—
Lithia Real Estate INC
Suburban Grand River Property 5 LLC
Warranty Deed
$300,000,000 · Ally Bank
Oct 1, 2018
—
Suburban Grand River Property 5 LLC
—
Deed
related
$5,000,000 · Ally Bank
Oct 27, 2016
—
Suburban Grand River Property
—
Deed
related
$79,625,068 · Ally Bk
—
—
Suburban Grand River Property
—
Loan Modification
related
$79,625,068 · Ally Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 37175 Grand Riv Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
