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Property profile & analytics
OFF-MARKET
Land

1000 Tx-62 Orange, TX 77630

1.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3,474 square foot office space, part of a larger 12,460 square foot building, is situated on 1.43 acres in Livonia, MI, at 19805 Farmington Road, south of 8 Mile. The single-story, free-standing brown brick building, constructed and renovated in 2001, offers a modified gross lease with no base year or load factor. The space, currently vacant, becomes available January 2025 and features a lobby and reception area, three window offices, eight workstations, a conference room accommodating eight people, a kitchen, and an outdoor patio. Two interior restrooms and ample interior storage are also included. The open interior space boasts an open ceiling, presenting opportunities for further office development. The property includes cabling, two HVAC units (five and seven-ton), and space on the Farmington Road monument sign. Ample parking is provided with 38 spaces. The building is professionally managed and currently houses Sellinger Engineering Consulting Group, Insight Management, Performax Physical Therapy, a physician's office, and Tiseo Architects. Some existing furniture may be available for purchase from the current occupant. The property is zoned for office use and is located in the Wayne County submarket. Minimum divisible space is 3,212 square feet, with a maximum contiguous space of 3,474 square feet. The building consists of one story and five total suites.

Property profile
Verified
Property type Land
Lot 1.79 ac (77,972 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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