Owner-User Office
For Sale
$1,150,000
33481 W 14 Mile Road, Farmington Hills, MI 48331
Maintained office property with current occupancy and dedicated space for an owner-user configuration.
Property Size11,090 SF
Price / SF$103.70
Days on Market113
Property Features for 33481 W 14 Mile Road
General Information
Standard status
Active
Size
11,090 SF
Net Rentable
4,509 SF
Class
B
Property subtype
Office
Occupancy
54%
Building Details
Building Size
11,090 SF
Year Built
1986
Buildings
1
Tenancy
Multi
Listing Agency:
KJ Commercial
Listed By:
Kevin Jappaya, CCIM
(248) 931-1980
Source:
Kjcre
Added: Jun 25
Changed: Oct 15
Last Checked: Oct 14 at 9:09PM
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 KJ Commercial
Investment Insights
Based on property information with market context.
This office building contains 11,090 SF and offers 4,509 RSF for an owner-user. Built in 1986, the property is currently 54% occupied by 2 tenants, creating a combination of existing occupancy and available office area. Recent work has upgraded the common areas and bathrooms, while the building has been maintained in its current operating condition.
The property is located within Pineview Office Park at 33481 W. 14 Mile Road in Farmington Hills, Michigan. The available area provides an on-site office component for a business seeking to occupy part of an existing commercial building while retaining income-producing tenancy elsewhere in the property.
The property is located within Pineview Office Park at 33481 W. 14 Mile Road in Farmington Hills, Michigan. The available area provides an on-site office component for a business seeking to occupy part of an existing commercial building while retaining income-producing tenancy elsewhere in the property.
Key Highlights
- 11,090 SF office building with 4,509 RSF available for an owner‑user
- Currently 54% occupied with 2 tenants
- Recent improvements to common areas and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,177
Cap Rate
3.32%
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 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.09M – $2.79M
NOI $167,441 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
54%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
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
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 building - Maintained office property with current occupancy and dedicated space for an owner-user configuration.
Where is this office building located?
The property is located at 33481 W 14 Mile Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 11,090 SF office building with 4,509 RSF available for an owner‑user; Currently 54% occupied with 2 tenants; Recent improvements to common areas and bathrooms
