Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    33737 W 12 Mile Rd Farmington Hills, MI 48331

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Corporate quality flex space with generous parking and high visibility.

    Type:Industrial
    Property size:
    8,000 SF
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 12:44 am

    Property Features for 33737 W 12 Mile Rd

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1981

    Spaces For Lease

    at 33737 W 12 Mile Rd Contact us

    We can help!

    Listing Contact
    Dave Green

    Listing agent Dave Green

    Listing office Signature Associates

    Listing date Mar 6, 2026

    Source Tcnworldwide

    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 Signature Associates

    Overview

    High-Image Building with Ample Parking

    This corporate quality, high-image building fronts I-696 and features a very large parcel with 450 parking stalls. The property includes large windowed areas, creating an open feel. Recently renovated and gently occupied, the space is potentially turn-key, with some furniture available. The building features 13' clear height throughout the office area and 20' clear height in the hi-bay/loading dock area, which encompasses 8,000 square feet. The property is suitable for flex space, industrial, office, and warehouse uses.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Dental Office Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Apple Spice Box Lunch Delivery & Catering Farmington Hills, MI — 37570 Hills Tech Dr, Farmington Hills, MI 48331

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3826
    Latitude
    42.4969

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Urgent Care Office Building

      Newly renovated medical space with income-generating units in Farmington Hills.
      30000 ORCHARD LAKE Road, Farmington Hills, MI 48334
      View Details
    • $17/mo

      Farmington Hills Premium Office Space

      High-profile office building with recent renovations and convenient highway access.
      31700 Middlebelt, Farmington Hills, MI 48334
      View Details
    • $22/mo

      Former Dealership in Farmington Hills

      Former Farmington Hills Toyota Dealership with great freeway access.
      35200 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • $10/mo

      Upgraded Office Suite For Lease

      3,760 SF office suite with high-end finishes available for lease.
      31355 13 Mile Road, Farmington Hills, MI 48334
      View Details
    • $18/mo

      Orchard Lake Road Medical/Office Building

      Two-story medical/office building with excellent visibility and ample parking.
      23900 Orchard Lake Road, Farmington Hills, MI 48336
      View Details
    • $8/mo

      Office and Shop Space Available

      Office and shop space with easy highway access available immediately.
      23370 Commerce Drive, Farmington Hills, MI, 48335
      View Details
    • $12/mo

      Farmington Hills Class A Office

      Class A office complex with up to 188,000 SF available.
      27777 Inkster Rd, Farmington Hills, MI 48334
      View Details
    • $16/mo

      First-Class Office Building For Lease

      Prestigious office building with cafe, conference center, and fitness center.
      36500 Corporate Drive, Farmington Hills, MI 48331
      View Details
    • $17/mo

      Farmington Hills Office Space Available

      Office suites for rent in a prime Farmington Hills location.
      30201 Orchard Lake Road, Farmington Hills, MI 48334
      View Details
    • $13/mo

      Prime Office Space Available

      Office space with high-end finishes and ample parking.
      31333 W 13 Mile Rd, Farmington Hills, MI 48334
      View Details
    • Contact for pricing

      Renovated Office Building with Suites

      Completely renovated office building with suites available for lease.
      25882 Orchard Lake Rd., Farmington Hills, MI 48336
      View Details
    • $16/mo

      Professionally Managed Office Space Available

      Two-story office building with flexible space and convenient location.
      38275 W 12 Mile Rd, Farmington Hills, MI 48331
      View Details

    FAQs

    What type of property is this?
    Flex space - Corporate quality flex space with generous parking and high visibility.
    Where is this flex space located?
    The property is located at 33737 W 12 Mile Rd Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High‑image building with I‑696 frontage.; Generous parking with 450 stalls and easy circulation.; Recently renovated and gently occupied; turn‑key possible.
    (248) 948-4184
    We can help!
    Listing Contact
    Dave Green
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!