24555 Hallwood Ct Farmington Hills, MI 48331
- Industrial properties
- 13,101 SF
- 1.06 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 24555 Hallwood Ct
- Year built
- 1986
- Lot size
- 1.06 lot acres
- Property size
- 13,101 SF
- Zone code
- II
- Property type
- Industrial properties
- APN
- 22-23-19-426-034
- APU
- 222319426034
Description
This exceptional 13,101 square foot medical office building, located at 24555 Hallwood Ct in Farmington Hills, Michigan, presents a unique investment opportunity. The property, situated on a one-acre lot (43,560 square feet), is a single-story, Class B building constructed in 1989. Currently undergoing renovations, the building offers multiple suites, with a minimum divisible space of 600 square feet and a maximum contiguous space of 2,000 square feet. A significant 2,000 square feet of vacant space is immediately available. The zoning is specifically designated for medical offices, making it ideal for a variety of healthcare practices. The building's location within the Farmington/Farm Hills submarket of Oakland County, Michigan (zip code 48331), provides excellent access to a thriving patient base. The existing tenant, a Diagnostic and Therapeutic Imaging practice, suggests potential synergies for practices such as Occupational Therapy, Physical Therapy, Sports Medicine, or Rehabilitation Services, with the possibility of shared imaging equipment. This is a rare opportunity to secure space in a well-located, renovated medical office building in a high-demand area. The property is zoned for medical office use and offers a flexible layout to accommodate various healthcare needs. Don't miss this chance to establish or expand your practice in this desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $420,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $485,000
- 6.5%
- $420,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $510,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $475,000
- Mixed-Use
- $435,000
- Hospitality
- $445,000
- Educational
- $410,000
- Residential Income
- $440,000
- Energy
- $485,000
- Income-Based Land
- $405,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4189
- Latitude
- 42.4721
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
