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Property profile & analytics

32500 Northwestern Hwy Farmington Hills, MI 48334

  • Strip malls
  • 17,692 SF
  • 1.86 lot acres
Value Estimation
$570,000
Location Intelligence
Property ID
US43-1375041
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

  • Strip malls

Property Details for 32500 Northwestern Hwy

Year built
1958
Lot size
1.86 lot acres
Property size
17,692 SF
Zone code
BI
Property type
Strip malls
Property subtype
Neighborhood centers
APN
22-23-02-126-127
APU
222302126127

Description

This exceptional retail opportunity is located at 32500 Northwestern Hwy, Farmington Hills, MI 48334. The Courtyard Shopping Center offers a total of 10,000 square feet of space, with multiple tenancies available. Currently, there are 5,471 square feet of vacant space available for lease, divisible into units as small as 2,281 square feet and offering contiguous space up to a maximum of 3,190 square feet. The property is ideally suited for a variety of retail or office uses. High visibility is ensured by signage opportunities facing the heavily trafficked Northwestern Highway. The center boasts ample parking for customers and employees, providing convenient access for all. This prime location in Farmington Hills offers excellent exposure and accessibility, making it an attractive option for businesses seeking a thriving retail environment. The flexible space options allow for customization to meet individual tenant needs. Don't miss this chance to secure your space in this well-situated shopping center.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $490,000
  • CAP approach

    CAP return
    Estimation
    6%
    $710,000
    6.5%
    $705,000
    7%
    $635,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $595,000
    Geo Method
    $755,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $630,000
    Retail
    $720,000
    Mixed-Use
    $750,000
    Hospitality
    $655,000
    Educational
    $705,000
    Residential Income
    $750,000
    Energy
    $670,000
    Income-Based Land
    $610,000
    Food Service
    $715,000

Location Insight

  • Map
  • Local Demand
City
Farmington Hills
County
Oakland
State
Michigan
Longitude
-83.3512
Latitude
42.5261
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
$32,285
$283,170
$381,760
$664,930
-
$566,340
$763,520
$1,329,860
More about this property
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