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Property profile & analytics
OFF-MARKET
Specialty properties

23233 Drake Rd Farmington Hills, MI 48335

20,800 SF
Property ID
Property summary
AI-generated overview

This Farmington Hills, Oakland County property offers a unique opportunity to lease space within a 20,800 sq ft multi-use building. Currently, several spaces are available for lease, including a sanctuary (seating approximately 250, measuring approximately 55 ft x 60 ft with an overflow area for 50 more), a chapel (22 ft x 19 ft with dedicated parking lot entrance), a gym (approximately 60 ft x 37 ft, suitable for a small full-court basketball), and a daycare area. The building also features a large fellowship hall (43 ft x 60 ft) with an adjacent kitchen (approximately 30 ft x 14 ft) equipped with a stove, refrigerator, and three sinks. Six classrooms are available, with the largest measuring 44 ft x 24 ft; one includes a half bath. The main floor is handicap accessible, and while a lift to the lower level is not currently installed, the wiring and space are in place for easy installation. The property includes 96 parking spaces. Lease rates vary by space: Sanctuary - $1,900/month, Chapel - $1,600/month, Gym - $1,400/month, and Daycare - $3,000/month. All lease rates include utilities. Sunday services can begin at 10 AM (location dependent), and mid-week services are also available at a separate address (23233 Drake, Farmington Hills). The tenant will share the building with the owner.

Property profile
Verified
Property type Specialty properties
Total area 20,800 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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