Office Unit with Private
32905 W 12 Mile Rd, Farmington Hills, MI 48334
For Sale
Contact for pricing
Configured with reception, private offices, a kitchenette, and convenient access to I-696 and I-275.
Property Size990 SF
Price / SF$111.11
Days on Market212
Property Features for 32905 W 12 Mile Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
Reception area
Four private offices
Private in-suite restroom
Kitchenette
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Aiden Bracken · License #6501465617
(248) 351-4380
Source:
Moodyscre
Added: Apr 10
Changed: Nov 3
Last Checked: Nov 6 at 10:48AM
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 NAI Farbman - Corporate
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Investment Insights
Based on property information with market context.
This 990-square-foot office unit includes a reception area, four private offices, a private in-suite restroom, and a kitchenette. The layout provides a defined professional setting for office users, with ample parking available on the property.
The property is located at 32905 W 12 Mile Rd in Farmington Hills, Michigan, with quick access to I-696 and I-275. Professional property management is in place.
The property is located at 32905 W 12 Mile Rd in Farmington Hills, Michigan, with quick access to I-696 and I-275. Professional property management is in place.
Key Highlights
- 990‑square‑foot office unit
- Reception area with four private offices
- Private in‑suite restroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,408
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$68,160
$68.2K
Cap Rate 7%
$48,686
$48.7K
Cap Rate 9%
$37,867
$37.9K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$5.9K $6.00/SF
− Vacancy
−$1.4K −$1.41/SF
EGI
$4.5K $4.59/SF
− OpEx
−$1.1K −$1.15/SF
NOI
$3.4K $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%
$68,160
Cap Rate 7%
$48,686
Cap Rate 9%
$37,867
Alternative Uses
Best Use
Healthcare Medical
$191.4K
$167.5K – $223.3K
NOI $13,397 @ 7.0% cap · market cap 12.18%
Second Best
Office B
$48.7K
$42.6K – $56.8K
NOI $3,408 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$213.5K
$186.8K – $249.1K
NOI $14,947 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 48334, MI
18,731
Population
8,528
Households
2.2
Avg Household Size
45
Median Age
59%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$98,937
Median Household Income
$56,067
Median Earnings
$1,511
Median Rent
$327,200
Median Home Value
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Market
Properties on Market for Office Units in Farmington Hills
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with reception, private offices, a kitchenette, and convenient access to I-696 and I-275.
Where is this office unit located?
The property is located at 32905 W 12 Mile Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 990‑square‑foot office unit; Reception area with four private offices; Private in‑suite restroom and kitchenette
