14500 W 8 Mile Rd, Farmington Hills, MI 48237
Office buildings
- Added:
- Mar 10, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 3 at 2:26 am
Property Features for 14500 W 8 Mile Rd
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Lot size
- 0.69 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing office UBTEO (313) 930-5550
Listing date Mar 10, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of UBTEO
HighLights
- Prime location in Oak Park with 100 feet of frontage on 8 Mile
- Over 24,000 sq ft three‑story office building
- More than 25 office spaces
- Elevator access to all floors
- Large parking lot with space for approximately 150 cars
- Lots of updates
Local Financial Insights For Office B
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 | $144.0k | $6.00 |
| − Vacancy | −$33.8k | −$1.41 |
| EGI | $110.2k | $4.59 |
| − OpEx | −$27.5k | −$1.15 |
| NOI | $82.6k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3174
- Latitude
- 42.4425
