Office Condo with Private
For Sale
Contact for pricing
31884 Northwestern Hwy, Farmington, MI 48075
Updated office unit with multiple private offices, shared work areas, kitchenettes, and upgraded building systems.
Property Size2,160 SF
Price / SF$0.01
Days on Market507
Property Features for 31884 Northwestern Hwy
General Information
Standard status
Active
Size
2,160 SF
Class
B
Property subtype
Office
Zoning
OS-1
Additional Details
Highway Access
Yes
Building Details
Building Size
2,160 SF
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
Insite Commercial
Listed By:
Kyle Nelson · License #6501407469
(248) 359-9000
Source:
Cpix.resimplifi
Added: Jun 2, 2025
Changed: Oct 1
Last Checked: Oct 20 at 5:24PM
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 Insite Commercial
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Investment Insights
Based on property information with market context.
This 2,160-square-foot office condo is configured with a reception area, copy room, conference room, three individual offices, and a large corner office with strong natural light. Two restrooms and two kitchenettes support day-to-day operations, while recent improvements include new flooring, lighting, and bathroom upgrades. The unit is also equipped with a Briggs & Stratton backup generator and is the only unit in the building with a private walk-out patio.
The property is located at 31884 Northwestern Hwy in Farmington, near the intersection of Northwestern Hwy. and Middlebelt Rd. Built in 1983, the office is zoned OS-1 and positioned within a professional office complex.
The property is located at 31884 Northwestern Hwy in Farmington, near the intersection of Northwestern Hwy. and Middlebelt Rd. Built in 1983, the office is zoned OS-1 and positioned within a professional office complex.
Key Highlights
- 2,160 SF office condo at 31884 Northwestern Hwy, Farmington, MI 48075
- Three individual offices plus a large corner office with natural light
- Private walk‑out patio, exclusive among units in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,436
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,720
$148.7K
Cap Rate 7%
$106,229
$106.2K
Cap Rate 9%
$82,622
$82.6K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$13.0K $6.00/SF
− Vacancy
−$3.0K −$1.41/SF
EGI
$9.9K $4.59/SF
− OpEx
−$2.5K −$1.15/SF
NOI
$7.4K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,720
Cap Rate 7%
$106,229
Cap Rate 9%
$82,622
Alternative Uses
Best Use
Office B
$106.2K
$93.0K – $123.9K
NOI $7,436 @ 7.0% cap · market cap 41,311.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$465.9K
$407.7K – $543.6K
NOI $32,613 @ 7.0% cap · market cap 181,183.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,306
Businesses Nearby
Explore this area
Business Placement
Demographics for 48075, MI
22,967
Population
10,757
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,146
Density / Sq Mi
$67,630
Median Household Income
$43,417
Median Earnings
$1,284
Median Rent
$218,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Updated office unit with multiple private offices, shared work areas, kitchenettes, and upgraded building systems.
Where is this office unit located?
The property is located at 31884 Northwestern Hwy Farmington, MI.
What are key features of this property?
This property features: 2,160 SF office condo at 31884 Northwestern Hwy, Farmington, MI 48075; Three individual offices plus a large corner office with natural light; Private walk‑out patio, exclusive among units in the building
