You are browsing as a guest. Register to access key data for free.
Property profile

38215 Mile Rd Farmington Hills, MI 48335

OFF-MARKET
Neighborhood centers
View Sample
12,575 SF Built 1973

Property summary

AI-generated overview

Invest in this prime Farmington Hills, Michigan medical office space at Freeway Plaza. This single-story, 12,575 square foot building, situated on a 5-acre lot at the crossroads of Novi and Farmington Hills, offers multiple tenancy options. Two suites are currently available, ranging from 1,036 to 2,028 contiguous square feet, with a total of 3,064 square feet currently vacant. The building boasts 200 parking spaces and is conveniently located on 10 Mile Road, near West 10 Mile Rd and Haggerty Rd, ensuring high visibility and accessibility for patients and staff. Built in 1973, this B-3 zoned property (APN 23-30-127-038) in the Farmington submarket is surrounded by thriving businesses and residential areas, creating a strong customer base. A prominent monument sign is included with lease. Current tenants include diverse businesses such as restaurants, a salon, and an auto sales business, creating a vibrant and well-established community. This property presents a unique opportunity for medical professionals seeking a well-located, established space in a high-traffic area of South East Oakland County, Michigan, with a zip code of 48335.

Property profile

Verified
Property type Neighborhood centers
Year built 1973
Total area 12,575 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 38215 Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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