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    31666 8 Mile Rd Farmington Hills, MI 48336

    Sponsored
    For Sale
    $2,800,000

    28,000 SF Flex Space, $2.8M

    Property size:
    28,147 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Farmington Hills, MI industrial property offers 28,147 square feet of versatile space ideal for flex, manufacturing, or R&D uses. Situated on a 2.75-acre lot, this Class B property features two buildings. The main building boasts approximately 22,460 square feet, including 3,000 square feet of air-conditioned office space, 15,000 square feet of floor space with 12-24 foot ceilings, 1,500 square feet of lab space, and a 3,000 square foot second-floor office and break room. Access is provided by three grade-level doors and one loading dock. The secondary building adds approximately 5,687 square feet of space with four grade-level doors. The property also includes six loading docks in total. The entire 2.75-acre lot is fully fenced and recently resurfaced and restriped. Recent improvements include fresh paint and new epoxy floors in the main building. This NNN-leased, single-tenancy property is priced at $2,800,000 and presents a compelling opportunity for businesses seeking a well-maintained, spacious facility in a prime Oakland County location. The property's address is 31666 W 8 Mile Rd, Farmington Hills, MI 48336.

    Property Features for 31666 8 Mile Rd

    General Information

    Property type
    Life science properties
    Square Feet
    28,147 SF
    Class
    B
    Lot Size
    119,790 SF

    Building Details

    Buildings
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    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
    -83.3594496
    Latitude
    42.4415738

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    FAQs

    What type of property is this?
    Life science property - 28,000 SF Flex Space, $2.8M
    Where is this life science property located?
    The property is located at 31666 8 Mile Rd Farmington Hills, MI.
    What is the asking price?
    The asking price for this property is $2,800,000.
    Request Owner's contact information
    31666 8 Mile Rd Farmington Hills, MI 48336
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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

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    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
    31666 8 Mile Rd Farmington Hills, MI 48336
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