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    24555 Hallwood Ct Farmington Hills, MI 48331

    Sponsored
    For Lease
    $19 SF/Yr

    Prime Medical Office Suites Available Now

    Lot size:
    13,101 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 13,101 square foot medical office building, located at 24555 Hallwood Ct in Farmington Hills, Michigan, presents a unique investment opportunity. The property, situated on a one-acre lot (43,560 square feet), is a single-story, Class B building constructed in 1989. Currently undergoing renovations, the building offers multiple suites, with a minimum divisible space of 600 square feet and a maximum contiguous space of 2,000 square feet. A significant 2,000 square feet of vacant space is immediately available. The zoning is specifically designated for medical offices, making it ideal for a variety of healthcare practices. The building's location within the Farmington/Farm Hills submarket of Oakland County, Michigan (zip code 48331), provides excellent access to a thriving patient base. The existing tenant, a Diagnostic and Therapeutic Imaging practice, suggests potential synergies for practices such as Occupational Therapy, Physical Therapy, Sports Medicine, or Rehabilitation Services, with the possibility of shared imaging equipment. This is a rare opportunity to secure space in a well-located, renovated medical office building in a high-demand area. The property is zoned for medical office use and offers a flexible layout to accommodate various healthcare needs. Don't miss this chance to establish or expand your practice in this desirable location.

    Property Features for 24555 Hallwood Ct

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,101 SF
    Class
    B
    Total Rate
    21780.41

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,000 SF
    Rate per SF
    $19

    HighLights

    • Up to 2,000 square feet of office space available for lease.
    • Space ideal for Occupational Therapy, Physical Therapy, Sports Medicine, or Rehabilitation Services, with potential imaging equipment access.
    • Additional leasable space available in the building.
    • Building undergoing renovations.
    • Lease rate: $19.95 per square foot, NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.418907
    Latitude
    42.4723692

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suites Available Now
    Where is this medical office located?
    The property is located at 24555 Hallwood Ct Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Up to 2,000 square feet of office space available for lease.; Space ideal for Occupational Therapy, Physical Therapy, Sports Medicine, or Rehabilitation Services, with potential imaging equipment access.; Additional leasable space available in the building.
    Request Owner's contact information
    24555 Hallwood Ct Farmington Hills, MI 48331
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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
    24555 Hallwood Ct Farmington Hills, MI 48331
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