21999 Farmington Rd Farmington, MI 48336
- Office buildings
- 6,765 SF
- 0.61 lot acres
Current Use by Public Records
- HomeWell Care Services / Home Help Service Agency / Home Health Care Service
- NBNA Systems inc. / School
- Buckingham Community Services / Employment Agency
- Adobe Home Health / Home Health Care Service
- WIS International / Data Recovery Service
Property Details for 21999 Farmington Rd
- Year built
- 1978
- Lot size
- 0.61 lot acres
- Property size
- 6,765 SF
- Zone code
- BI
- Property type
- Office buildings
- APN
- 22-23-33-229-060
- APU
- 222333229060
Description
This exceptional income-generating industrial property, located at 21999 FARMINGTON in Farmington, MI, offers a total of 6,765 square feet on a 0.61-acre lot. The property comprises seven individual units, each designed to maximize functionality and efficiency. Several units include convenient amenities such as kitchenettes and half bathrooms, enhancing their appeal to a wide range of tenants. A shared reception office and conference room are also available, providing valuable common areas for tenants' use. Two unisex half bathrooms are conveniently located in the main hallway for shared access. The building features two staircases providing access to a sizable finished basement, which includes an additional half bathroom. This well-maintained property presents a significant investment opportunity with strong potential for rental income. The strategic location in Farmington, MI, offers excellent accessibility and visibility, making it an attractive option for businesses seeking a productive and well-equipped workspace. The property's size and layout are ideal for a variety of industrial uses, offering flexibility and adaptability to meet diverse tenant needs. Priced at $879,900, this property represents a compelling investment opportunity in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $620,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $595,000
- 6.5%
- $580,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $675,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $605,000
- Retail
- $720,000
- Mixed-Use
- $625,000
- Hospitality
- $730,000
- Educational
- $605,000
- Residential Income
- $550,000
- Energy
- $570,000
- Income-Based Land
- $525,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3763
- Latitude
- 42.4534
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
