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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Automotive properties
38123 10th Mile Rd 66 Farmington, MI 48335-2803
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4317042
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2013
Total area
52,003 SF
Lot
7.73 ac (336,545 SF)
APN
22-23-30-276-065
UPID
US43-4317042
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
-
The Suburban Collection Car Dealership
-
Suburban Chrysler Dodge Jeep Ram of Farmington Hills Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.79M
Blend (final)
Blend
$7.58M
Owner & transaction history
Lithia Real Estate INC · 5 yrs held
Lithia Real Estate INC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.1M
+90.5%
Commercial (general)
$9.2M
+43.7%
Restaurant
$9.0M
+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
$6,375,000
Current use
RETAIL STORES
$12,140,000
Change: +90% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,160,000
Change: +44% · Conversion: Moderate
RESTAURANT
$9,000,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$8,210,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$6,215,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±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
$146 / 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
$203,993
Tax year 2023
Assessed value
$3,922,840
Assessed 2024
Previous assessed
$3,459,250
+13.4% YoY
Effective rate
5.20%
On assessed value
Assessed land
$973,060
Assessed improvement
$2,949,780
Land market value
$1,946,120
Improvement market value
$5,899,560
Total market value
$7,845,680
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
Off-Market
Year built
2013
Heating
FORCED AIR
Total area
52,003 SF
Lot
7.73 ac (336,545 SF)
APN
22-23-30-276-065
UPID
US43-4317042
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$6.4M
RETAIL STORES
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$9.2M
RESTAURANT
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$6.2M
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
2013
Heating
FORCED AIR
Lot
7.73 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
—
Lithia Real Estate INC
Suburban Grand River Property 2 LLC
Deed
$300,000,000 · 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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