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    32910 13 Mile Rd Farmington Hills, MI 48334

    Sponsored
    For Sale
    Contact for pricing

    20,200 SF Multi-Tenant Medical Building, 100% Occupied

    Property size:
    20,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 20,200 square foot multi-tenant medical office complex located at 32910 W 13 Mile Rd, Farmington Hills, MI 48334, within Oakland County. The property, built in 1973, boasts 100% occupancy, generating strong net operating income. The building is classified as Office, with a subtype of Medical Office and Dental, catering to a diverse range of healthcare professionals. Its prime location offers convenient access to major regional freeways, ensuring high visibility and accessibility for patients and staff. Currently, lease rates are below market value, presenting significant upside potential for future income growth. The property's strong tenant base and stable income stream make it an attractive investment for those seeking a reliable and appreciating asset in a thriving medical market. Further details regarding pricing are available upon request. This is a fully occupied, multi-tenant medical building offering a solid return on investment with potential for future appreciation. The property's location in Farmington Hills, Michigan provides excellent access to a large and growing patient base.

    Property Features for 32910 13 Mile Rd

    General Information

    Property type
    Medical offices
    Square Feet
    20,200 SF

    Building Details

    Year Built
    1973

    HighLights

    • 20,200 SF multi‑tenant office/medical building.
    • 100% occupied.
    • Strong net operating income (NOI).
    • Excellent freeway access.
    • Below‑market lease rates offer significant upside potential.
    • Price available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair 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
    -83.3769626
    Latitude
    42.5136476

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    FAQs

    What type of property is this?
    Medical office - 20,200 SF Multi-Tenant Medical Building, 100% Occupied
    Where is this medical office located?
    The property is located at 32910 13 Mile Rd Farmington Hills, MI.
    What are key features of this property?
    This property features: 20,200 SF multi-tenant office/medical building.; 100% occupied.; Strong net operating income (NOI).
    Request Owner's contact information
    32910 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
    32910 13 Mile Rd Farmington Hills, MI 48334
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