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Property profile & analytics
OFF-MARKET
Estimated value
$8,520,000
Automotive properties
39300 10th Mile Rd, Farmington, MI 48335-2608
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-3877395
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Total area
72,857 SF
Lot
12.14 ac (528,601 SF)
APN
22-23-19-351-020
UPID
US43-3877395
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
-
Tom Holzer Ford, Inc. Collision Auto Repair Shop
-
Serra Ford Farmington Hills Auto Glass Auto Repair Shop
-
Serra Ford Farmington Hills Car Dealership Auto Repair Shop
-
Serra Ford Farmington Hills Parts Auto Parts Store (Bike/Boat/Book/etc) Store
-
Serra Ford Farmington Hills Auto Glass Repair Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.89M
Blend (final)
Blend
$8.52M
Owner & transaction history
Serra Works Of Farmington Hills LLC · 4 yrs held
Serra Works Of Farmington Hills LLC
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.8M
+43.7%
Restaurant
$12.6M
+41.2%
Medical building
$11.5M
+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
$8,930,000
Current use
COMMERCIAL (GENERAL)
$12,835,000
Change: +44% · Conversion: Moderate
RESTAURANT
$12,610,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$11,500,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$8,710,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.52M
Range $7.67M – $9.37M · ±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
$117 / 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
$244,199
Tax year 2023
Assessed value
$4,412,100
Assessed 2024
Previous assessed
$3,984,420
+10.7% YoY
Effective rate
5.53%
On assessed value
Assessed land
$1,434,970
Assessed improvement
$2,977,130
Land market value
$2,869,940
Improvement market value
$5,954,260
Total market value
$8,824,200
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
1985
Heating
FORCED AIR
Stories
1
Total area
72,857 SF
Lot
12.14 ac (528,601 SF)
APN
22-23-19-351-020
UPID
US43-3877395
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
$8.9M
COMMERCIAL (GENERAL)
Est. value
$12.8M
RESTAURANT
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$11.5M
OFFICE BUILDING
Est. value
$8.7M
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
1985
Heating
FORCED AIR
Stories
1
Lot
12.14 ac
Current owner
From public records · entity-resolved
Serra Works Of Farmington Hills LLC
Entity
Mailing address
102 W SILVER LK RD STE #300, FENTON, MI 48430-2847
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 18, 2022
—
Serra Works Of Farmington Hills LLC
Constance Lee Holzer
Warranty Deed
$2,715,000 · The Huntington National Bank
Jan 25, 2017
—
Tom Holzer Ford INC
—
Deed
related
$3,600,000 · Level One Bank
—
—
Holzer,constance L
—
Deed Of Trust
related
$1,200,000 · Detroit Commerce Bk
—
—
Holzer,constance L
—
Deed Of Trust
related
$300,000 · Detroit Commerce 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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