27555 Executive DrFarmington Hills, MI 48331-3554

Property Details for 27555 Executive Dr

Year built

2001

Lot size

11.28 AC

Property size (Sq ft)

166,141 SF

Zone code

BI

Property type

Office properties

Property subtype

Office buildings

APN

22-23-17-101-025

APU

222317101025

Description

This exceptional Class A office building, situated on 11.28 acres in Farmington Hills, Michigan, offers a variety of executive office suites. Built in 2002, the single, three-story building totals 182,280 square feet, with 52,975 square feet currently available. Units range from a minimum of 1,552 square feet to a maximum contiguous space of 12,182 square feet, providing flexibility for businesses of various sizes. The property boasts a convenient location with easy access to I-696 and M-5 Highway, ensuring seamless commutes for employees and clients. The building features on-site management for efficient operations and maintenance. The attractive setting is enhanced by a natural wooded environment. Nearby amenities include popular restaurants and coffee shops such as Panera Bread, Kerby's, and Starbucks, offering convenience and options for employees and visitors. The property is zoned for office use and has an Oakland County APN of 23-17-101-025. This prime location in the Farmington Hills submarket makes it an ideal choice for businesses seeking a prestigious and functional workspace. The address is 27555 Executive Drive, Farmington Hills, MI 48331-3554.

• CAP approach

  CAP return

  Valuation

  6%

  $28,441,336

  6.5%

  $26,253,540

  7%

  $24,378,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,540,829

  Geo Method

  $15,540,829

• Alternative Use

  Use

  Valuation

  Residential

  $32,554,390

  Hospitality

  $29,819,646

  Educational

  $24,809,596

  Medical

  $25,662,836

  Retail

  $38,592,704

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4961

Longitude

-83.4158

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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