Property profile

38275 W 12 Mile Rd Farmington Hills, MI 48331

FOR LEASE
Office buildings
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Property ID
US43-0178824
36,118 SF 2.55 ac Built 2000
Last sale Jan 2022·$4,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A professionally managed two-story office building is located west of Halsted Road, with access to M-5 and I-696. The building provides office space that is configured to accommodate suites ranging from approximately 3,000 to 6,145 square feet. A first-floor suite features convenient parking access and a prominent suite entry.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$93k
Tax billed · 2023
Assessed value · 2024$1.99M
Assessed land$359k
Assessed improvement$1.63M
Effective rate4.69%

Value estimate

· Nov 2026
$4.83M
$4.35M – $5.31M
AI approach$4.81M
Submarket $/SF estimate$3.66M
NOI build-up
Gross scheduled income$212k
Vacancy & credit loss−$50k
Operating expenses−$41k
NOI$122k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$92 – $151
Qualifying comparables3

Cap rate analysis

How does the asset earn?
$122k 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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.8
Bakery9.1
Electrical Service9.1

Location

38275 W 12 Mile Rd Farmington Hills, MI 48331
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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