Entity Owned Property summary
AI-generated overview
This exceptional 11,922-square-foot industrial property, located at 39340 Country Club Drive in Farmington Hills, Michigan, presents a unique opportunity. The single-story building, renovated in 1997, features a flexible design ideal for research and development or general flex use. The entire 11,922 square feet is currently available for lease, offering ample space for a variety of businesses. The property boasts a 16-foot ceiling height, two dock-high doors, and 48 parking spaces (a ratio of 4.1 per 1,000 square feet). Situated on a 1.17-acre lot, the building is zoned IRO and is conveniently located in Oakland County, with easy access to major roadways including M-5 and I-696 via 12 Mile Road. A portion of the space includes approximately 1,311 square feet of warehouse space with a 12' x 14' grade-level door. The office area will undergo renovations before occupancy. The property benefits from a new HVAC system, ensuring a comfortable and efficient workspace. The property is fully air-conditioned and ready for occupancy beginning January 1, 2025. This prime location offers unparalleled convenience and accessibility for businesses seeking a modern and functional space in a thriving area.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
11,922 SF
Lot
1.17 ac (50,965 SF)
Zoning code
II
APN
22-23-18-101-011
UPID
US43-1020628
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$455k
Owner & transaction history
since 2024
5 recorded transactions
Zoning & alternative use
II · Farmington Hills, MI
Top alternative use upside
Neighborhood: shopping center
$1.1M
+14.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$455k
Value range
$410k – $501k
±10% around blend
Estimated value / SF
$38 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
50
$410k
blend $455k
$501k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,922 SF
Lot area
1.17 ac
Year built
1998
Stories
1
APN
22-23-18-101-011
Zoning
II
Assessed value
$619,570
Annual tax
$14,064
3
Income approach: direct capitalization
Partial preview
Income approach indication
$910k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$985k
@ 6.5% CAP return
$910k
@ 7% CAP return
$845k
4
Sales comparison
Partial preview
Sales approach indication
$868k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.1 mi away · 10,116 SF
8.3 mi away · 11,920 SF
8.3 mi away · 12,916 SF
9.3 mi away · 10,380 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$455k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 341 sales
$81
-53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $38/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+15%
vs current-use indication
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$620k
Move the market yield to see immediate price impact.
Value / SF
$52
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$39k
$781k
$558k
$434k
$43k
$867k
$620k
$482k
$48k
$954k
$682k
$530k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.05M
3.4 mi · Oct 2025 · $118/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,064
Tax year 2023
Assessed value
$619,570
Assessed 2024
Previous assessed
$505,140
+22.7% YoY
Effective rate
2.27%
On assessed value
Assessed land
$84,090
Assessed improvement
$535,480
Land market value
$168,180
Improvement market value
$1,070,960
Total market value
$1,239,140
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
11,922 SF
Lot
1.17 ac (50,965 SF)
Zoning code
II
APN
22-23-18-101-011
UPID
US43-1020628
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Farmington Hills, MIZoning II · permitted uses
II · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
II
Jurisdiction
Farmington Hills, MI
Recorded code
II
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for II in Farmington Hills, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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