Property profile

33469 14th Mile Rd 16 Farmington Hills, MI 48331

OFF-MARKET
Office buildings
Property ID
US43-1682221
6,345 SF 0.59 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,446-square-foot medical office condominium is available for lease in the desirable Farmington Hills, Michigan market. Located at 33469 W 14 Mile Rd, this single-tenant property boasts a spacious layout within a building totaling 10,446 square feet. The entire space is currently vacant, presenting a unique opportunity for a medical practice seeking a move-in ready location. Built in 1986, the building sits on a generous 5.13-acre lot and offers ample parking with 186 spaces available. The property is zoned OS-1, ensuring compliance with local regulations for medical uses. The property's address is 33469 W 14 Mile Rd, Farmington Hills, MI 48331, within Oakland County. The property's convenient location and substantial size make it an ideal setting for a variety of medical practices. The building's substantial size and ample parking provide convenience and accessibility for both staff and patients. This turnkey opportunity allows immediate occupancy and the potential to customize the space to meet specific needs. The property's location in Oakland County, Michigan, offers easy access to major roadways and a thriving community. The parcel number is 23-04-228-016. This is a rare chance to secure a significant medical office space in a prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 6,345 SF
Lot 0.59 ac (25,918 SF)
Zoning code KI
APN 22-23-04-228-016
UPID US43-1682221

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Laboratory
  • Home Health Care Service
  • Home Health Care Service

Location

33469 14th Mile Rd, Unit 16 Farmington Hills, MI 48331-1521
Farmington Hills metro Census 166200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
$360k
Comparable Approach Comparable
$496k
Blend (final) Blend
$325k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2015
$815,000
2011
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

KI · Farmington Hills, MI
Top alternative use upside
Auto repair, garage $780,000 +2.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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