31799 Middlebelt Road Farmington Hills, MI 48334
COMMERCIAL - Farmington Hills, MI
Property Features for 31799 Middlebelt Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 23-02-426-005
- Size
- 2,400 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T1N, R9E, SEC 2 PART OF SE 1/4 BEG AT PT DIST S 480 FT FROM E 1/4 COR, TH S 120.85 FT, TH N 74-58-54 W 119.06 FT, TH
- Tax Annual Amount
- 6252
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Number of units
- 2
Listing agent Tjader Gerdom License #6502357230 (248) 515-7606
Listing office GRI Homes for Today 640 Griswold Ste 100, Northville, MI (248) 234-6789
Listing date Feb 12, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location at the corner of Middlebelt Rd and Northwestern Highway.
- Caters to both daytime office and nighttime residential traffic.
- Recently updated parking field.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $16.80 |
| − Vacancy | −$3.4k | −$1.43 |
| EGI | $36.9k | $15.37 |
| − OpEx | −$11.1k | −$4.61 |
| NOI | $25.8k | $10.76 |
