Retail Space with Private
For Sale
Contact for pricing
20750 Farmington Road, Farmington Hills, MI 48336
A customer-facing commercial suite includes a restroom, on-site parking, and signage facing the main road.
Property Size4,297 SF
Price / SF$1.00
Days on Market30
Property Features for 20750 Farmington Road
General Information
Standard status
Active
Size
4,297 SF
Total Parking Spaces
20
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
GoodHome Realty, LLC
Listed By:
Quinton Lemond
(248) 928-4992
Source:
Goodhomemi
Added: Sep 30
Changed: Oct 28
Last Checked: Oct 28 at 2:37PM
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 GoodHome Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail suite contains approximately 2,074 square feet, including a private office and restroom. The building dates to 1966, and approximately 20 parking spaces serve customers and staff. Signage is permitted facing the main road.
The property is near the intersection of Farmington Road and 8 Mile Road in Farmington Hills, Michigan.
The property is near the intersection of Farmington Road and 8 Mile Road in Farmington Hills, Michigan.
Key Highlights
- Approximately 2,074 SF of retail space
- Private office and restroom
- Approximately 20 parking spaces for customers and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,237
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,740
$924.7K
Cap Rate 7%
$660,529
$660.5K
Cap Rate 9%
$513,744
$513.7K
Market Conditions
NOI Build-Up for 4,297 SF
Gross rent
$72.2K $16.80/SF
− Vacancy
−$6.1K −$1.43/SF
EGI
$66.1K $15.37/SF
− OpEx
−$19.8K −$4.61/SF
NOI
$46.2K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,740
Cap Rate 7%
$660,529
Cap Rate 9%
$513,744
Alternative Uses
Best Use
Retail
$660.5K
$578.0K – $770.6K
NOI $46,237 @ 7.0% cap · market cap 1,075.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$926.8K
$811.0K – $1.08M
NOI $64,878 @ 7.0% cap · market cap 1,508.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Groceries 33%
Shops & Services 27%
Home Improvements & Furnishings 6%
Kroger
Groceries
49,821 visits/mo
0.3 miles
Speedway
Shops & Services
15,153 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
14,926 visits/mo
0.3 miles
Taco Bell
Dining
13,525 visits/mo
0.1 miles
Leo's Coney Island
Dining
12,334 visits/mo
0.1 miles
Demographics for 48336, MI
26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A customer-facing commercial suite includes a restroom, on-site parking, and signage facing the main road.
Where is this retail space located?
The property is located at 20750 Farmington Road Farmington Hills, MI.
What are key features of this property?
This property features: Approximately 2,074 SF of retail space; Private office and restroom; Approximately 20 parking spaces for customers and staff
