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    31500 13 Mile Rd Farmington Hills, MI 48334

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    46,468 SF Office Building - Owner/User Opportunity

    Property size:
    46,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 46,468 square foot executive office building, located at 31500 13 Mile Road in Farmington Hills, Michigan (zip code 48334), presents a rare opportunity for owner-users or value-add investors. The property boasts a multi-tenant configuration, offering suites ranging in size from 315 square feet to 12,191 square feet, providing flexibility for various business needs. Its prime location in Oakland County offers convenient access to major freeways, ensuring easy commutes for employees and clients. The building features ample parking, smooth ingress and egress, and the potential for prominent monument signage on 13 Mile Road, enhancing visibility and brand recognition. Recent improvements significantly enhance the property's value and appeal, including a resurfaced parking lot, updated building exterior, a new roof on half of the building, upgraded mechanical systems, and fresh landscaping. The property's strong cash flow and significant upside potential make it an attractive investment prospect. This is a truly unique opportunity to acquire a well-maintained, strategically located office building in a thriving Michigan market. The building's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy or lease-up. This is a turnkey solution for businesses seeking a high-quality office space or investors looking for a strong return on investment.

    Property Features for 31500 13 Mile Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    46,468 SF

    HighLights

    • 46,468 SF executive office building for sale or lease in Farmington Hills, MI (48334).
    • Suites range from 315 SF to 12,191 SF, ideal for various business needs.
    • Ample parking with smooth ingress/egress and monument signage opportunity on 13 Mile Road.
    • Excellent Oakland County location near major freeways.
    • Strong cash flow and significant upside potential; recent updates include parking lot resurfacing, exterior upgrades, partial new roof, mechanical system upgrades, and landscaping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Dental Office Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3613243
    Latitude
    42.5147085

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    FAQs

    What type of property is this?
    Office Property / Space - 46,468 SF Office Building - Owner/User Opportunity
    Where is this office property / space located?
    The property is located at 31500 13 Mile Rd Farmington Hills, MI.
    What are key features of this property?
    This property features: 46,468 SF executive office building for sale or lease in Farmington Hills, MI (48334).; Suites range from 315 SF to 12,191 SF, ideal for various business needs.; Ample parking with smooth ingress/egress and monument signage opportunity on 13 Mile Road.
    (248) 351-4367
    Request Owner's contact information
    31500 13 Mile Rd Farmington Hills, MI 48334
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    Farmington Hills, MI 48334
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    Realmo Value Estimation

    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.

    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.

    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
    31500 13 Mile Rd Farmington Hills, MI 48334
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