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    32969 Hamilton Ct Farmington Hills, MI 48334

    Sponsored
    For Sale
    $3,000,000

    Farmington Hills Office Buildings, Value-Add Opportunity

    Property size:
    63,807 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    Quakertown Plaza presents a compelling value-add opportunity in Farmington Hills, Michigan. This two-building office complex, totaling 63,807 square feet, sits on a 2.42-acre lot and offers 177 parking spaces. The property, built in 1975, features three stories per building and is currently 60% occupied, presenting a significant opportunity for a new owner to reposition and rebrand the space. The buildings are zoned OS-4 | Office Research District, providing flexibility for future use. Recent capital improvements include new heating and cooling systems (boilers, air conditioning units, and furnaces) in both buildings. The asking price is $3,000,000, translating to $47 per square foot—significantly below replacement cost. The property boasts prominent 12 Mile Road monument signage, enhancing visibility and accessibility. With a current Net Operating Income (NOI) of $97,412, this property is ideal for investors seeking undervalued office product in a high-quality area or a user requiring 10,000+ square feet of space. The substantial parking and prime location make this a highly attractive investment.

    Property Features for 32969 Hamilton Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    63,807 SF
    Class
    C
    Lot Size
    105,415 SF

    Building Details

    Year Built
    1975
    Buildings
    2
    Stories
    3

    HighLights

    • Two office buildings totaling 63,807 square feet.
    • Asking price: $3,000,000 ($47/SF).
    • Value‑add opportunity: 60% occupancy.
    • Prominent 12 Mile Road monument signage.
    • New HVAC systems (boilers, AC units, furnaces) in both buildings.
    • 2.42‑acre site with 177 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon 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
    -83.3746277
    Latitude
    42.4974003

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    FAQs

    What type of property is this?
    Office Property / Space - Farmington Hills Office Buildings, Value-Add Opportunity
    Where is this office property / space located?
    The property is located at 32969 Hamilton Ct Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Two office buildings totaling 63,807 square feet.; Asking price: $3,000,000 ($47/SF).; Value-add opportunity: 60% occupancy.
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    32969 Hamilton Ct 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
    32969 Hamilton Ct Farmington Hills, MI 48334
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