Add Listing
    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

    31471 Northwestern Hwy Farmington Hills, MI 48334

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible office space for lease on Northwestern Highway.

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Brad Margolis
    Brad Margolis
    Source: Naiglobal

    Listing Agency: NAI Farbman - Corporate Listing Agent: Brad Margolis

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

    Learn more

    Overview

    Northwestern Highway Office Space Available

    Office space is available for lease on Northwestern Highway, offering flexible spaces ranging from 1,200 to 2,400 square feet. The property is located at the intersection of Northwestern Highway and 13 Mile Road. The building is well-maintained and benefits from on-site management. It features ample parking and smooth ingress and egress. The location on Northwestern Highway provides high visibility. The lease rate is $12.00 per square foot, offered as a full-service gross lease.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Spa & Massage Center Real Estate Agency Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3384663
    Latitude
    42.5172671

    Nearby Similar for Lease

    • $5,900 /Mo
      7,000 SF

      Turnkey Urgent Care Office Building

      Newly renovated medical space with income-generating units in Farmington Hills.
      30000 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
    • $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
    • $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
    • $5,900 /Mo

      Turnkey Urgent Care Office Building

      Newly renovated medical space with income-generating units in Farmington Hills.
      30000 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $8,325 /Mo

      Medical Office Suites Available

      Professional medical office suites for lease in Farmington Hills.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $550 /Mo

      Move-in Ready Furnished Private Office

      Furnished private office near 696 and Orchard Lake interchange.
      25882 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • $5,000 /Mo

      Versatile Space in Farmington Hills

      Adaptable commercial space suitable for diverse business operations.
      18000 W 8 Mile Rd, Farmington Hills, MI 48075
      View Details
    • $950 /Mo
      Pending

      Medical Office Suites Available

      Professional medical office suites for lease in Farmington Hills.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $2,175 /Mo
      Pending

      Professional Medical Office Suites

      Medical office suites available for lease in Farmington Hills.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $867 /Mo
      Pending

      Farmington Hills Office/Medical Space

      Office and medical spaces available for lease in Farmington Hills.
      24380 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing

      Renovated Office Building with Suites

      Completely renovated office building with suites available for lease.
      25882 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details

    FAQs

    What type of property is this?
    Office units - Flexible office space for lease on Northwestern Highway.
    Where is this office units located?
    The property is located at 31471 Northwestern Hwy Farmington Hills, MI.
    What are key features of this property?
    This property features: - Prime location on Northwestern Highway with great visibility.; - Flexible office space available, ranging from 1,200 to 2,400 SF.; - Ample parking with smooth ingress/egress.
    (248) 351-4367
    Request Owner's contact information
    31471 Northwestern Hwy Farmington Hills, MI 48334
    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.
    31471 Northwestern Hwy
    Farmington Hills, MI 48334
    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
    31471 Northwestern Hwy Farmington Hills, MI 48334
    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
    Brad Margolis
    Brad Margolis
    Real Estate License ID: 6501371948
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!