Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    24435 Halsted Rd Farmington Hills, MI 48335

    • Office buildings
    • 13,893 SF
    • 0.74 lot acres
    For Sale
    View listing
    $1,150,000
    Value Estimation
    Last Sale
    Jan 14, 2025
    $836,817
    Location Intelligence
    Property ID
    US43-5286196
    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 24435 Halsted Rd

    Year built
    1966
    Lot size
    0.74 lot acres
    Property size
    13,893 SF
    Zone code
    II
    Property type
    Office buildings
    APN
    22-23-19-426-013
    APU
    222319426013

    Description

    This exceptional 15,170-square-foot freestanding flex building in Farmington Hills, Michigan, presents a compelling investment opportunity. Located at 24435 Halsted Road, this property boasts high visibility and excellent signage potential on a busy thoroughfare. Built in 1979 and renovated in 2004, the building features a gross lease structure and offers ample parking with 40 spaces available. The interior benefits from 90% air conditioning and ceiling heights ranging from 14 to 16 feet. One dock-high door facilitates efficient loading and unloading. The property sits on a 0.74-acre lot and is zoned LI-1 Light Industrial, providing flexibility for a variety of uses. Its strategic location offers easy access to major freeways including I-96, I-275, and M-5, enhancing its accessibility and appeal. The asking price is $1,150,000, translating to a price per square foot of $75.81. The property's APN is 23-19-426-013. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building in a thriving market. The combination of size, location, and amenities makes this property ideal for a variety of businesses seeking a functional and highly visible space.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $920,000
      7%
      $955,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $890,000
      Geo Method
      $750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,080,000
      Retail
      $815,000
      Mixed-Use
      $1,085,000
      Hospitality
      $885,000
      Educational
      $1,025,000
      Residential Income
      $1,035,000
      Energy
      $1,130,000
      Income-Based Land
      $1,090,000
      Food Service
      $985,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4164
    Latitude
    42.4722
    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
    $11,651
    $53,190
    $418,700
    $471,890
    -
    $106,380
    $837,400
    $943,780

    Comparable in this City

    • Value Estimation by Request
      114,345 SF

      39000 Grand Riv Ave

      OFFICE BUILDING • 114,345 SF
      39000 Grand Riv Ave, Farmington, MI 48335-1500
      View Details
    • Value Estimation
      $420,000
      8,660 SF

      24543 Indoplex Cir

      OFFICE BUILDING • 8,660 SF
      24543 Indoplex Cir, Farmington Hills, MI 48335-2529
      View Details
    • Value Estimation
      $260,000
      1,992 SF

      33443 9th Mile Rd

      OFFICE BUILDING • 1,992 SF
      33443 9th Mile Rd, Farmington, MI 48335-4702
      View Details
    • Value Estimation
      $685,000
      4,354 SF

      33425 Grand Riv Ave

      OFFICE BUILDING • 4,354 SF
      33425 Grand Riv Ave, Farmington, MI 48335-3567
      View Details
    • Value Estimation by Request
      1,925 SF

      23917 Cass Ave

      OFFICE BUILDING • 1,925 SF
      23917 Cass Ave, Farmington, MI 48335-3402
      View Details
    • Value Estimation by Request
      10,138 SF

      33431 Grand Riv Ave

      OFFICE BUILDING • 10,138 SF
      33431 Grand Riv Ave, Farmington, MI 48335-3521
      View Details

    Similar Nearby for Sale

    • $1,537,500
      12,300 SF

      Farmington Hills Industrial Property

      12,300 SF Office/Warehouse, $1.5M
      24351 Indoplex Cir, Farmington Hills, MI 48335
      View Details
    • $395,000
      1,668 SF

      23611 Liberty St

      Office Properties & Spaces • 1,668 SF
      23611 Liberty St, Farmington, MI 48335
      View Details
    • $370,000
      1,668 SF

      Downtown Farmington Office Opportunity

      Office space in vibrant downtown Farmington location for sale.
      23611 Liberty St, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex/Industrial/Office Space

      Flex, industrial, and office space with freeway access in Farmington Hills.
      37483 Interchange Dr, Farmington, MI 48335
      View Details
    • Contact for pricing
      9,800 SF

      Freestanding Flex Building For Sale

      Freestanding flex building with excellent freeway access and signage.
      37655 Interchange Dr, Farmington, MI 48335
      View Details
    • $1,704,000
      14,200 SF

      Warehouse with Truckwell For Sale

      Well-maintained 14,200 sq ft warehouse with truckwell in Farmington Hills.
      24380 Indoplex Cir, Farmington Hills, MI 48335
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,800 SF

      Freestanding Flex Building For Lease

      Freestanding flex building with office and shop space available.
      37655 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • $4,500 /Mo

      Grand River Avenue Retail/Office Space

      Retail and office spaces available for lease on Grand River.
      33419 Grand River Ave, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex Space Available

      Flex space with great freeway access and signage opportunities.
      37483 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • $22 SF/Yr
      2,076 SF

      Modern Office Space Available

      Customizable office space with modern amenities and convenient location.
      37000 Grand River Ave, Farmington, MI 48335
      View Details
    • $22 SF/Yr
      81,423 SF

      Farmington Hills Executive Office Space

      Class A Office Suites, 1,678-4,599 SF Available
      37000 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • $1,400 /Mo

      Downtown Farmington Office Space Available

      1,200 sq ft office space in Downtown Farmington.
      33425 Grand River Ave, Farmington, MI 48335
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24435 Halsted Rd
    Farmington Hills, MI 48335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.