32910 13 Mile Rd Farmington Hills, MI 48334
- Medical offices
- 21,167 SF
- 2.01 lot acres
Current Use by Public Records
- Medical offices
Property Details for 32910 13 Mile Rd
- Year built
- 1973
- Lot size
- 2.01 lot acres
- Property size
- 21,167 SF
- Zone code
- BI
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 22-23-03-301-013
- APU
- 222303301013
Description
This exceptional investment opportunity presents a 20,200 square foot multi-tenant medical office complex located at 32910 W 13 Mile Rd, Farmington Hills, MI 48334, within Oakland County. The property, built in 1973, boasts 100% occupancy, generating strong net operating income. The building is classified as Office, with a subtype of Medical Office and Dental, catering to a diverse range of healthcare professionals. Its prime location offers convenient access to major regional freeways, ensuring high visibility and accessibility for patients and staff. Currently, lease rates are below market value, presenting significant upside potential for future income growth. The property's strong tenant base and stable income stream make it an attractive investment for those seeking a reliable and appreciating asset in a thriving medical market. Further details regarding pricing are available upon request. This is a fully occupied, multi-tenant medical building offering a solid return on investment with potential for future appreciation. The property's location in Farmington Hills, Michigan provides excellent access to a large and growing patient base.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,165,000
- 6.5%
- $2,170,000
- 7%
- $1,830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,835,000
- Geo Method
- $1,895,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,455,000
- Retail
- $2,435,000
- Mixed-Use
- $2,380,000
- Hospitality
- $1,875,000
- Educational
- $2,100,000
- Residential Income
- $2,450,000
- Energy
- $1,965,000
- Income-Based Land
- $2,365,000
- Food Service
- $2,520,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3771
- Latitude
- 42.5137
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
