Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28470 13 Mile Rd Farmington Hills, MI 48334

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern A-Class Office, 2,423 SF Available

    Lot size:
    35,834 SF

    Property Features for 28470 13 Mile Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,834 SF
    Class
    A
    Total Rate
    52257.92

    Building Details

    Year Built
    2001

    Spaces For Lease

    at 28470 13 Mile Rd, Farmington Hills, MI 48334 Contact us
    Unit Suite 210

    $17 /Mo

    Size
    2,453 SF
    Contact us

    We can help!

    Listing Contact
    Todd Hawley
    Todd Hawley

    Listing Agency: Friedman Real Estate Listing Agent: Todd Hawley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A creative office space, located at 28470 W 13 Mile Road in Farmington Hills, Michigan, offers 2,423 square feet of immediately available space within the prestigious Fairways Office Center. Built in 2001, this 35,834 square foot building sits on a generous 4.4-acre lot and is zoned BV. The property boasts a multiple tenancy structure, providing a dynamic and collaborative environment. The building's modern design caters to creative businesses, offering flexible layouts adaptable to various needs. The address is easily accessible, situated in Oakland County (APN 23-01-378-030) with convenient access to major roadways. This is an excellent opportunity for businesses seeking high-quality, well-located office space in a thriving community. The available space is ready for immediate occupancy. The property's Class A designation reflects its superior construction, amenities, and overall quality. This is a rare opportunity to secure prime office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Dental Office Hotel & Motel Auto Parts 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
    -83.3314268
    Latitude
    42.5151085

    Nearby Similar for Lease

    • $5,500 /Mo
      6,480 SF

      Farmington Hills Office Space Available

      Office space with multiple rooms, kitchen, and reception area.
      37899 W 12 Mile Rd, Farmington Hills, MI 48331
      View Details
    • $7,000 /Mo
      5,600 SF

      Farmington Hills Retail/Industrial Space

      Centrally located retail/industrial spaces with high ceilings and roll-up doors.
      32210 8 Mile Rd W, Farmington Hills, MI 48336
      View Details
    • $8,325 /Mo
      10,727 SF

      Professional Medical Office Suites Available

      Medical office suites for lease in Farmington Hills, Michigan.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $80 SF/Yr
      100 SF

      Professional Office Building in Farmington Hills

      Premium office spaces available in Farmington Hills, near major freeway.
      22710 Haggerty Rd, Farmington Hills, MI 48335
      View Details
    • $2,175 /Mo
      10,727 SF

      Farmington Hills Medical Office Suites

      Professional medical office suites available for lease in Farmington Hills.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $950 /Mo
      10,727 SF

      Medical Office Suites For Lease

      Professional medical office building with suites available from 570-5000 sqft.
      28124 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $867 /Mo
      8,287 SF

      Farmington Hills Commercial/Industrial Space

      Office, medical, dental space in Farmington Hills, close to 696.
      24380 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      74,660 SF

      Mid-11 Shopping Center: Prime Space

      Farmington Hills retail/office space; 3 units available.
      25938 Middlebelt Rd, Farmington Hills, MI 48336
      View Details
    • Contact for pricing
      37,000 SF

      Renovated Office Building with Suites

      Completely renovated office building with suites available for lease.
      25882 Orchard Lake Rd, Farmington Hills, MI 48336
      View Details
    • $17 SF/Yr
      93,779 SF

      Farmington Hills Premium Office Space

      High-profile office building with recent renovations and convenient highway access.
      31700 Middlebelt Rd, Farmington Hills, MI 48334
      View Details
    • $7 SF/Yr
      12,609 SF

      High-Tech Oakland County Sublease

      12,609 SF Office/Warehouse/R&D
      39205 Country Club Dr, Farmington Hills, MI 48331
      View Details
    • $17 SF/Yr
      132,390 SF

      Arboretum Office Park: Building Two

      Prime Farmington Hills Office Space: 42,030 SF Available
      34505 12 Mile Rd, Farmington Hills, MI 48331
      View Details

    FAQs

    What type of property is this?
    Office space - Modern A-Class Office, 2,423 SF Available
    Where is this office space located?
    The property is located at 28470 13 Mile Rd Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Class A office space in a newer building.; Suites up to 2,423 square feet available for lease.; Located in a wooded setting.
    (248) 848-4124 Call to check price and availability
    Request Owner's contact information
    28470 13 Mile Rd Farmington Hills, MI 48334
    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.
    28470 13 Mile Rd
    Farmington Hills, MI 48334
    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
    28470 13 Mile Rd Farmington Hills, MI 48334
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Hawley
    Todd Hawley
    Real Estate License ID: 6501265610
    (248) 848-4124 (248) 210-5219
    Learn more
    Google sign-in failed. Please try again or use another login method.