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

    37899 W 12 Mile Rd Farmington Hills, MI 48331

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,500 /Mo

    4000 SF office space with multiple rooms and amenities.

    Lot size:
    0.47 Acres

    Property Features for 37899 W 12 Mile Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.47 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Behzad Bokani
    Source: Elliman

    Listing Agency: RE/MAX Dream Properties Listing Agent: Behzad Bokani

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

    Learn more

    Overview

    Office Space with Multiple Rooms

    This commercial property offers 4000 square feet of office space featuring multiple rooms, a kitchen, a reception area, and two bathrooms. It benefits from a separate entrance. Additional space is available within the same building, with other units offering up to 7000 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.42146
    Latitude
    42.496694

    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
    • $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
    • $15 SF/Yr

      High-Image Building with Ample Parking

      Corporate quality flex space with generous parking and high visibility.
      33737 W 12 Mile Rd, Farmington Hills, MI 48331
      View Details
    • $16 SF/Yr

      First-Class Office Building For Lease

      Prestigious office building with cafe, conference center, and fitness center.
      36500 Corporate Dr, Farmington Hills, MI 48331
      View Details
    • Contact for pricing

      Northwestern Highway Office Space Available

      Flexible office space for lease on Northwestern Highway.
      31471 Northwestern Hwy, Farmington Hills, MI 48334
      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
    • $22 SF/Yr

      Former Dealership in Farmington Hills

      Former Farmington Hills Toyota Dealership with great freeway access.
      35200 Grand River Ave, Farmington Hills, MI 48335
      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
    • $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

    FAQs

    What type of property is this?
    Office units - 4000 SF office space with multiple rooms and amenities.
    Where is this office units located?
    The property is located at 37899 W 12 Mile Rd Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: - Perfect location; - Boasting 4000 sf of office space; - Multiple rooms provide flexibility
    (248) 951-9555
    Request Owner's contact information
    37899 W 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.
    37899 W 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
    37899 W 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
    Behzad Bokani
    (248) 951-9555 (248) 374-7700 (248) 284-3046
    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!