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    30640 12 Mile Rd Farmington Hills, MI 48334

    • Office buildings
    • 2,655 SF
    • 0.27 lot acres
    For Sale
    View listing
    $324,999
    Value Estimation
    Last Sale
    Dec 23, 2020
    $290,000
    Location Intelligence
    Property ID
    US43-0093218
    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 30640 12 Mile Rd

    Year built
    1979
    Lot size
    0.27 lot acres
    Property size
    2,655 SF
    Zone code
    KI
    Property type
    Office buildings
    APN
    22-23-11-354-003
    APU
    222311354003

    Description

    This exceptional 2,655 square foot medical office condo is ideally situated at 30640 W 12 Mile Rd in Farmington Hills, Michigan, 48334. Priced to sell at $324,999, this property presents a fantastic opportunity for owner-users. The condo boasts prime commercial exposure with prominent signage directly on 12 Mile Road, ensuring high visibility and accessibility. Its location offers convenient access to major area freeways, enhancing its appeal to both patients and staff. Ample parking is available both in front and behind the building, providing convenient access for everyone. The smooth ingress and egress further contribute to the property's functionality and ease of use. While the main space totals 2,655 square feet, please note that a second-floor storage area is not included in this measurement. This is a highly desirable location in Oakland County, making this a truly exceptional investment opportunity. The property is classified as an office condo and is specifically suited for medical practices.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $290,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $375,000
      Mixed-Use
      $295,000
      Hospitality
      $295,000
      Educational
      $335,000
      Residential Income
      $305,000
      Energy
      $305,000
      Income-Based Land
      $330,000
      Food Service
      $340,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3554
    Latitude
    42.4998
    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
    $7,961
    $47,970
    $94,640
    $142,610
    -
    $95,940
    $189,280
    $285,220

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    • 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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    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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