Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34505 West 12 Mile Rd Farmington Hills, MI 48331

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office property featuring 3,168 square feet of available space.

    Property size:
    3,168 SF
    Lot size:
    3,168 SF

    Property Features for 34505 West 12 Mile Rd

    General Information

    Size
    3,168 SF

    We can help!

    Listing Contact
    Brandon Carnegie
    Source: Cbre

    Listing Agent: Brandon Carnegie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space Available For Rent

    This property offers office units and spaces available for rent, encompassing a total area of 3,168 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Dental Office Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.387963
    Latitude
    42.498215

    Nearby Similar for Lease

    • $5,500 /Mo
      6,480 SF

      Farmington Hills Office Space Available

      Office space with multiple rooms, kitchen, and reception area.
      37899 W 12 Mile Rd, Farmington Hills, MI 48331
      View Details
    • $7,000 /Mo
      5,600 SF

      Farmington Hills Retail/Industrial Space

      Centrally located retail/industrial spaces with high ceilings and roll-up doors.
      32210 8 Mile Rd W, Farmington Hills, MI 48336
      View Details
    • $8,325 /Mo
      10,727 SF

      Professional Medical Office Suites Available

      Medical office suites for lease in Farmington Hills, Michigan.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $80 SF/Yr
      100 SF

      Professional Office Building in Farmington Hills

      Premium office spaces available in Farmington Hills, near major freeway.
      22710 Haggerty Rd, Farmington Hills, MI 48335
      View Details
    • $2,175 /Mo
      10,727 SF

      Farmington Hills Medical Office Suites

      Professional medical office suites available for lease in Farmington Hills.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $950 /Mo
      10,727 SF

      Medical Office Suites For Lease

      Professional medical office building with suites available from 570-5000 sqft.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $867 /Mo
      8,287 SF

      Farmington Hills Commercial/Industrial Space

      Office, medical, dental space in Farmington Hills, close to 696.
      24380 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      74,660 SF

      Mid-11 Shopping Center: Prime Space

      Farmington Hills retail/office space; 3 units available.
      25938 Middlebelt Rd, Farmington Hills, MI 48336
      View Details
    • $18 SF/Yr
      16,218 SF

      Orchard Lake Road Medical/Office Building

      Two-story medical/office building with excellent visibility and ample parking.
      23900 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      37,000 SF

      Renovated Office Building with Suites

      Completely renovated office building with suites available for lease.
      25882 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • $17 SF/Yr
      93,779 SF

      Farmington Hills Premium Office Space

      High-profile office building with recent renovations and convenient highway access.
      31700 Middlebelt Rd, Farmington Hills, MI 48334
      View Details
    • $17 SF/Yr
      132,390 SF

      Arboretum Office Park: Building Two

      Prime Farmington Hills Office Space: 42,030 SF Available
      34505 12 Mile Rd, Farmington Hills, MI 48331
      View Details

    FAQs

    What type of property is this?
    Office space - Office property featuring 3,168 square feet of available space.
    Where is this office space located?
    The property is located at 34505 West 12 Mile Rd Farmington Hills, MI.
    What are key features of this property?
    This property features: - 3,168 square feet of available office space.; - Office property.
    (248) 351-2054
    Request Owner's contact information
    34505 West 12 Mile Rd Farmington Hills, MI 48331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34505 West 12 Mile Rd
    Farmington Hills, MI 48331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34505 West 12 Mile Rd Farmington Hills, MI 48331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brandon Carnegie
    (248) 351-2054
    Learn more
    Google sign-in failed. Please try again or use another login method.