Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24550 Indoplex Cir Farmington Hills, MI 48335
    Back to Search
    Property profile & analytics

    24550 Indoplex Cir Farmington Hills, MI 48335

    View on Map
    • Warehouses
    • 28,641 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 24550 Indoplex Cir

    Year built
    1973
    Lot size
    1.50 lot acres
    Property size
    28,641 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 28,641-square-foot industrial building in Farmington Hills, Michigan, presents a unique owner-user opportunity. Located at 24550 Indoplex Cir, 48335, this vacant property sits on 1.5 acres and offers a versatile layout ideal for distribution, manufacturing, or warehousing. Built in 1973 and extensively renovated in 2018, the building features a two-story design with approximately 3,641 square feet of office space and a 25,000-square-foot warehouse. The warehouse boasts a 16-foot ceiling height, one loading dock with one dock-high door, and is equipped with 1000 amps of 240V power. Additional features include a full-building Generac generator for backup power and a sprinkler system throughout. The asking price is $3,000,000, translating to $104.74 per square foot. This prime location in Oakland County offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and operations. The property's modern amenities and substantial size make it a rare find in a highly desirable area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3931
    Latitude
    42.4731

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      23430-23434 Industrial Park Ct

      Distribution properties • 12,000 SF
      23430-23434 Industrial Park Ct, Farmington Hills, MI 48335
      View Details
    • Value Estimation by Request
      66,036 SF

      37849 Interchange Dr

      Life science properties • 66,036 SF
      37849 Interchange Dr, Farmington, MI 48335
      View Details
    • Value Estimation by Request
      6,750 SF

      23933-23975 Research Dr Unit

      Distribution properties • 6,750 SF
      23933-23975 Research Dr Unit, Farmington Hills, MI 48335
      View Details
    • Value Estimation by Request
      17,900 SF

      37685 Interchange Dr

      Distribution properties • 17,900 SF
      37685 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • Value Estimation by Request
      25,244 SF

      24285 Indoplex Cir

      Distribution properties • 25,244 SF
      24285 Indoplex Cir, Farmington Hills, MI 48335
      View Details
    • Value Estimation
      $1,180,000
      14,400 SF

      24800 Industrial Dr

      DISTRIBUTION WAREHOUSE • 14,400 SF
      24800 Industrial Dr, Farmington Hills, MI 48335-1557
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,968 SF

      Industrial Property with Modern Office

      Industrial property featuring renovated office space and warehouse upgrades.
      23936 Industrial Park Dr, Farmington Hills, MI 48335
      View Details
    • $1,704,000
      14,200 SF

      Warehouse with Truckwell For Sale

      Well-maintained warehouse with truckwell, adjacent building also available.
      24380 Indoplex Cir, Farmington Hills, MI 48335
      View Details
    • Contact for pricing
      33,789 SF

      Farmington Hills Flex/Industrial Space

      Flex/industrial space with quick highway access in Farmington Hills.
      37840 Interchange Dr, Farmington Hills, MI 48335
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      51,440 SF

      Renovated Warehouse/Distribution Building For Lease

      Recently renovated warehouse/distribution building with close highway access.
      24601-24641 Crestview Ct, Farmington, MI 48335
      View Details
    • Contact for pricing
      5,920 SF

      Farmington Hills Warehouse Space Available

      5,920 SF warehouse space with highway visibility and access.
      24120 Haggerty Rd, Farmington Hills, MI 48335
      View Details
    • Contact for pricing
      4,500 SF

      Industrial Warehouse Space For Rent

      Industrial warehouse space available for rent in Farmington Hills.
      24730-24764 Crestview Ct, Farmington Hills, MI 48335
      View Details
    • $8 SF/Yr
      6,750 SF

      Industrial Space in Farmington Hills

      Industrial property with warehouse space available for lease.
      23933 Research Dr, Farmington Hills, MI 48335
      View Details
    • $8 SF/Yr
      8,746 SF

      Office and Shop Space Available

      Office and shop space with easy highway access available immediately.
      23370 Commerce Dr, Farmington Hills, MI 48335
      View Details
    • Contact for pricing

      Farmington Warehouse Space for Lease

      Warehouse spaces available for lease in Farmington, Michigan.
      37849-37879 Interchange Dr, Farmington, MI 48335
      View Details
    Request Owner's contact information
    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.
    24550 Indoplex Cir
    Farmington Hills, MI 48335
    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
    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

    Thank You for Inquiry
    24550 Indoplex Cir, Farmington Hills, MI, 48335
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!