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Property profile & analytics
OFF-MARKET
Estimated value
$5,650,000
Automotive properties
38700 Grand Riv Ave, Farmington, MI 48335-1518
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0631124
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Total area
45,552 SF
Lot
5.07 ac (220,849 SF)
Zoning code
BI
APN
22-23-19-326-031
UPID
US43-0631124
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Fox Motors Car Dealership
-
BMW of Farmington Hills Car Dealership Auto Repair Shop
-
BMW of Farmington Hills - Service & Parts Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$5.65M
Owner & transaction history
Fox Detroit Properties LLC · 2 yrs held
Fox Detroit Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
BI · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.0M
+43.7%
Restaurant
$7.9M
+41.2%
Medical building
$7.2M
+28.8%
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
$5,585,000
Current use
COMMERCIAL (GENERAL)
$8,025,000
Change: +44% · Conversion: Moderate
RESTAURANT
$7,885,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$7,190,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$5,445,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.65M
Range $5.09M – $6.22M · ±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
$124 / 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
$152,285
Tax year 2023
Assessed value
$2,926,810
Assessed 2024
Previous assessed
$2,582,400
+13.3% YoY
Effective rate
5.20%
On assessed value
Assessed land
$726,170
Assessed improvement
$2,200,640
Land market value
$1,452,340
Improvement market value
$4,401,280
Total market value
$5,853,620
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
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
45,552 SF
Lot
5.07 ac (220,849 SF)
Zoning code
BI
APN
22-23-19-326-031
UPID
US43-0631124
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington, MI
Zoning BI · permitted uses
BI · 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
$5.6M
COMMERCIAL (GENERAL)
Est. value
$8.0M
RESTAURANT
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.2M
OFFICE BUILDING
Est. value
$5.4M
AUTO REPAIR, GARAGE Current
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
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.07 ac
Current owner
From public records · entity-resolved
Fox Detroit Properties LLC
Entity
Mailing address
200 OTTAWA AVE NW STE #800, GRAND RAPIDS, MI 49503-2426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Green Castle Properties LLC
—
Deed
related
$11,520,000 · Mercantile Bank
Jul 14, 2023
—
Fox Detroit Properties LLC
Green Castle Properties LLC
Quit Claim Deed
related
—
Mar 11, 2022
—
Green Castle Properties LLC
—
Deed
related
$11,520,000 · Mercantile Bank Of Michigan
Jan 12, 2022
—
Green Castle Propertie LLC
Dahm Holdings LLC
Deed
—
Jul 23, 2019
—
Dahm Holdings LLC
—
Deed
related
$4,700,783 · Bmw Financial Services NA LLC
May 26, 2005
—
Dahm Holdings LLC
Grand River Bmw Holdings LLC
Grant Deed
—
May 18, 2005
—
Dahm Holdings LLC
—
Deed Of Trust
related
$6,544,000 · Bmw Financial Services NA LLC
Nov 29, 2004
—
Grand River Bmw Holdings LLC
Jay-r Dev LLC
Warranty Deed
related
—
Aug 10, 2001
—
Jay-r Development LLC
Integral Vision INC
Grant Deed
$450,000 · Comerica Bank
—
—
Integral Vision INC
—
Deed Of Trust
related
$87,000 · Max A
—
—
Dahm Holdings LLC
—
Deed Of Trust
related
$6,544,000 · Bmw Financial Services NA LLC
—
—
Integral Vision INC
—
Deed Of Trust
related
$2,000,000 · Capitol National Bank
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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