Office/Medical Condo For
For Sale
Contact for pricing
30640 W 12 Mile Rd, Farmington Hills, MI 48334
2,655 SF office/medical condo available for purchase.
Property Size2,655 SF
Price / SF$122.41
Days on Market2556
Property Features for 30640 W 12 Mile Rd
General Information
Standard status
Active
Size
2,655 SF
Class
C
Property subtype
Office
Listing Agency:
NAI Farbman Southfield
Listed By:
Brad Margolis · License #MI 6501371948
(248) 351-4367
Source:
Crexi
Added: Oct 11, 2019
Changed: Oct 7
Last Checked: Oct 7 at 10:31AM
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 Southfield
Investment Insights
Based on property information with market context.
This is a 2,655 square foot office/medical condo available for sale. The property is suitable for office or medical use.
Key Highlights
- 2,655 SF Office/Medical Condo
- For Sale
- Beautiful
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,140
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,800
$182.8K
Cap Rate 7%
$130,571
$130.6K
Cap Rate 9%
$101,556
$101.6K
Market Conditions
NOI Build-Up for 2,655 SF
Gross rent
$15.9K $6.00/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$12.2K $4.59/SF
− OpEx
−$3.0K −$1.15/SF
NOI
$9.1K $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%
$182,800
Cap Rate 7%
$130,571
Cap Rate 9%
$101,556
Alternative Uses
Best Use
Healthcare Medical
$513.3K
$449.1K – $598.8K
NOI $35,929 @ 7.0% cap · market cap 11.06%
Second Best
Office B
$130.6K
$114.3K – $152.3K
NOI $9,140 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$572.7K
$501.1K – $668.1K
NOI $40,086 @ 7.0% cap · market cap 12.33%
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
897
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48334, MI
18,731
Population
8,528
Households
2.2
Avg Household Size
45
Median Age
59%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$98,937
Median Household Income
$56,067
Median Earnings
$1,511
Median Rent
$327,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,655 SF office/medical condo available for purchase.
Where is this medical office space located?
The property is located at 30640 W 12 Mile Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $324,999.
What are key features of this property?
This property features: 2,655 SF Office/Medical Condo; For Sale; Beautiful
