Office Condominium
For Sale
Contact for pricing
33469 West 14 Mile Road, Farmington Hills, MI 48331
Office condominium along Farmington Road and 14 Mile Road, available for sale or lease.
Property Size11,090 SF
Price / SF$99.19
Days on Market99
Property Features for 33469 West 14 Mile Road
General Information
Standard status
Active
Size
11,090 SF
Property subtype
OFFICE
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Brad Margolis · License #6501371948
(248) 351-4367
Source:
Moodyscre
Added: Jul 2
Changed: Sep 14
Last Checked: Oct 7 at 12:36PM
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
Investment Insights
Based on property information with market context.
This 11,090-square-foot office condominium is available for sale or lease. The property is located along Farmington Road and 14 Mile Road in Farmington Hills, Michigan.
The address is 33469 West 14 Mile Road, Farmington Hills, MI 48331.
The address is 33469 West 14 Mile Road, Farmington Hills, MI 48331.
Key Highlights
- 11,090 SF office condominium
- Available for sale or lease
- Located along Farmington Rd / 14 Mile Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,177
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,540
$763.5K
Cap Rate 7%
$545,386
$545.4K
Cap Rate 9%
$424,189
$424.2K
Market Conditions
NOI Build-Up for 11,090 SF
Gross rent
$66.5K $6.00/SF
− Vacancy
−$15.6K −$1.41/SF
EGI
$50.9K $4.59/SF
− OpEx
−$12.7K −$1.15/SF
NOI
$38.2K $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%
$763,540
Cap Rate 7%
$545,386
Cap Rate 9%
$424,189
Alternative Uses
Best Use
Office B
$545.4K
$477.2K – $636.3K
NOI $38,177 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,441 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 48331, MI
22,091
Population
9,297
Households
2.4
Avg Household Size
46
Median Age
67%
College-Educated
97%
High-School Grad
9.3 sq mi
ZIP Area
2,375
Density / Sq Mi
$121,101
Median Household Income
$64,255
Median Earnings
$1,743
Median Rent
$383,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium along Farmington Road and 14 Mile Road, available for sale or lease.
Where is this office units located?
The property is located at 33469 West 14 Mile Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 11,090 SF office condominium; Available for sale or lease; Located along Farmington Rd / 14 Mile Rd
