Manufacturing and Office Space
31666 W 8 Mile Road, Farmington, MI 48336
Two buildings on 2.75 acres, ideal for manufacturing.
Type:Commercial/Industrial
Property size:
28,148 SFLot size:
2.76 AcresPrice / SF:
$85/SF- Added:
- Mar 13, 2026
- Days on Market:
- 65
- Last Refresh:
- Apr 5 at 8:59 pm
Property Features for 31666 W 8 Mile Road
General Information
- Standard status
- Active
- Size
- 28,148 SF
- Lot size
- 2.76 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1966
Listing agent Dorothy Ohara Blizard License #6502405809
Listing office Global Real Estate Consulting (734) 277-8473
Listing date Mar 13, 2026
Source Exitrealty
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 Global Real Estate Consulting
HighLights
- 22,460 sq. ft. main building featuring 3,000 sq. ft. of office space and 15,000 sq. ft. of floor space with up to 24 ft. ceilings.
- Enjoy a fully air‑conditioned main building with new epoxy floors and fresh paint.
- 2.75‑acre fully fenced lot with recently resurfaced and re‑striped surface.
- Secondary building offers approximately 5,687 sq. ft. of space and 4 grade‑level doors.
- Convenient access with 3 grade‑level doors and loading dock in the main building.
- Includes two parcels: 23‑34‑426‑025 & 23‑34‑426‑038
Overview
This commercial property features two buildings situated on a fully fenced 2.75-acre lot. The main building provides approximately 22,460 sq. ft. of space, which includes 3,000 sq. ft. of office area, 15,000 sq. ft. of floor space with ceiling heights reaching up to 24 ft., an additional 1,500 sq. ft. lab space, and a 3,000 sq. ft. second-floor office and break room. The main building is fully air-conditioned throughout. Access is facilitated by three grade-level doors and a loading dock. The secondary building offers approximately 5,687 sq. ft. of space and includes four grade-level doors. The lot has been recently resurfaced and re-striped. The main building has been freshly repainted and features new epoxy floors. The property is suitable for manufacturing and includes two parcels: 23-34-426-025 and 23-34-426-038. This property offers ample space, modern amenities, and convenient access.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$1.55M
NOI $139,463 @ 9.00% cap · cautious / downside scenario
Moderate
$1.99M
NOI $139,463 @ 7.00% cap · market / base-case scenario
Aggressive
$2.79M
NOI $139,463 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.9k | $7.35 |
| − Vacancy | −$7.7k | −$0.27 |
| EGI | $199.2k | $7.08 |
| − OpEx | −$59.8k | −$2.12 |
| NOI | $139.5k | $4.95 |
28,148 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,463 @ 7.0% cap · market cap 5.81%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,899 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$6.07M
$5.31M – $7.08M
NOI $424,990 @ 7.0% cap · market cap 17.71%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3468
- Latitude
- 42.4631
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - Two buildings on 2.75 acres, ideal for manufacturing.
Where is this manufacturing property located?
The property is located at 31666 W 8 Mile Road Farmington, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 22,460 sq. ft. main building featuring 3,000 sq. ft. of office space and 15,000 sq. ft. of floor space with up to 24 ft. ceilings.; Enjoy a fully air‑conditioned main building with new epoxy floors and fresh paint.; 2.75‑acre fully fenced lot with recently resurfaced and re‑striped surface.
