Financial
Distress signals
Property profile

35055 W 12 Mile Rd Farmington Hills, MI 48331

FOR LEASE
Office buildings
Property ID
US43-1550928
70,802 SF 3.85 ac lot Built 1984
Last sale Apr 2021 · $6,852,700
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Drake Pointe Office Building, located at 35055 W Twelve Mile Road in Farmington Hills, Michigan, presents a prime opportunity for businesses seeking executive office space. This Class B building, totaling 70,000 square feet, offers 15,011 square feet of immediately available space within a multi-tenant environment. Constructed in 1985 and renovated in 1996, the building is situated on a generous 3.85-acre lot. The property's location within the Farmington Hills submarket of Oakland County

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$165k
Tax billed · 2023
Assessed value · 2024$3.51M
Assessed land$526k
Assessed improvement$2.98M
Effective rate4.69%

Value estimate

· Sep 2026
$6.70M
$6.03M – $7.37M
AI approach$6.98M
Submarket $/SF estimate$6.33M
NOI build-up
Gross scheduled income$411k
Vacancy & credit loss−$97k
Operating expenses−$79k
NOI · 1,391,787.61% cap applied$236k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
County average, outlier-cleaned · 427 recorded sales of this use type
Observed band · Q1–Q3$71 – $167

Cap rate analysis

How does the asset earn?
1,391,787.61%
$236k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant12.3
Auto Parts Store10.4
Storage Facility10.2

Location

35055 W 12 Mile Rd Farmington Hills, MI 48331
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
38275 12th Mile, Farmington Hills, MI 48331-3042 $4,650,000 Jan 2022 36,118 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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