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    31700 12 Mile Rd Farmington Hills, MI 48334

    • Office buildings
    • 10,496 SF
    • 0.69 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $420,000
    Location Intelligence
    Property ID
    US43-0543508
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 31700 12 Mile Rd

    Year built
    1972
    Lot size
    0.69 lot acres
    Property size
    10,496 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    22-23-10-476-037
    APU
    222310476037

    Description

    This exceptional two-story medical office building, totaling 10,496 square feet, offers multiple tenancy options in Oakland County's desirable Office Service District (OS-1 zoning). Six individual suites are currently available, ranging in size from 500 to 3,750 rentable square feet, perfect for a variety of medical or general office uses. A recently vacated dental suite is ready for immediate occupancy. A complete remodel is underway, encompassing all common areas and individual suite updates. The property boasts ample parking and the highly sought-after benefit of monument signage. Strategically located on the north side of 12 Mile Road, just west of Orchard Lake Road, this location provides convenient access to I-696 and a wealth of nearby restaurants. This prime location offers excellent visibility and accessibility for both patients and staff. The building's modern design and convenient amenities make it an ideal choice for medical professionals seeking a thriving and well-appointed workspace. Don't miss this opportunity to secure your space in this soon-to-be-renovated medical office building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $480,000
      6.5%
      $500,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $550,000
      Mixed-Use
      $440,000
      Hospitality
      $530,000
      Educational
      $570,000
      Residential Income
      $515,000
      Energy
      $510,000
      Income-Based Land
      $460,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3621
    Latitude
    42.4997
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,702
    $99,000
    $322,130
    $421,130
    -
    $198,000
    $644,260
    $842,260

    Comparable in this City

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      222,440 SF

      27555 Farmington Rd

      OFFICE BUILDING • 222,440 SF
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    • Value Estimation by Request
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      27777 Inkster Rd

      OFFICE BUILDING • 228,544 SF
      27777 Inkster Rd, Farmington Hills, MI 48334-5310
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    • Value Estimation by Request
      39,687 SF

      28555 Orch Lk Rd

      OFFICE BUILDING • 39,687 SF
      28555 Orch Lk Rd, Farmington Hills, MI 48334-2973
      View Details
    • Value Estimation
      $640,000
      4,474 SF

      27500 Farmington Rd

      OFFICE BUILDING • 4,474 SF
      27500 Farmington Rd, Farmington Hills, MI 48334-3313
      View Details

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      Parkhill Medical Office Suites

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    Farmington Hills, MI 48334
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    Realmo Value Estimation

    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.

    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.

    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
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