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    15590 13th Mile Rd Beverly Hills, MI 48025-5642
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    Property profile & analytics

    15590 13th Mile Rd Beverly Hills, MI 48025-5642

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    • Medical Office Space
    • 3,149 SF
    • 0.64 lot acres
    Off-Market
    Last Sale Jun 6, 2022
    Property ID
    US43-1619472
    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.
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 15590 13th Mile Rd

    Year built
    1973
    Lot size
    0.64 lot acres
    Property size
    3,149 SF
    Zone code
    BI
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    TH-24-01-477-014
    APU
    TH2401477014

    Description

    This exceptional 3,208 square foot medical office and commercial space, located at 15590 W. Thirteen Mile Road in Beverly Hills, Michigan, presents a fantastic leasing opportunity. The property, built in 1973, is a single-story Class C building situated in the desirable Birmingham Area submarket of Oakland County. Currently, 1,600 square feet of space is available for lease, ideal for a variety of medical or commercial uses. The building offers ample parking with 25 spaces available for tenants and their clients. The property's convenient location in Beverly Hills, MI, zip code 48025, provides easy access to major roadways and a thriving local community. This single-tenant building offers a unique chance to establish a presence in a well-established area. The property is classified as both retail and office space, providing flexibility for potential tenants. The building's total square footage is 3,208 square feet, with the available space representing a significant portion of the building. This presents an opportunity for a business seeking a substantial footprint in a prime location. The property's single-story design offers ease of access and functionality. Interested parties are encouraged to inquire about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $614,000
      Market price range: $313k - $719k
      AI Estimate
      $388,000
      Market price range: $128k - $507k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $495,000
      Current use
      COMMERCIAL (GENERAL)
      $555,000
      Change: +12% Conversion: Easy
      RETAIL STORES
      $530,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2047
    Latitude
    42.5179
    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
    $8,918
    $0.00
    $0.00
    $233,510
    -
    $0.00
    $0.00
    $467,020

    Comparable in this City

    • Value Estimation
      $880,000
      7,333 SF

      17877 14th Mile Rd

      MEDICAL BUILDING • 7,333 SF
      17877 14th Mile Rd, Beverly Hills, MI 48025-3127
      View Details
    • Value Estimation by Request
      2,612 SF

      32767 Franklin Rd

      MEDICAL BUILDING • 2,612 SF
      32767 Franklin Rd, Franklin, MI 48025-1134
      View Details
    • Value Estimation
      $2,120,000
      15,136 SF

      31000 Lahser Rd

      MEDICAL BUILDING • 15,136 SF
      31000 Lahser Rd, Beverly Hills, MI 48025-4847
      View Details
    • Value Estimation
      $605,000
      4,870 SF

      32804 Pierce St

      MEDICAL BUILDING • 4,870 SF
      32804 Pierce St, Beverly Hills, MI 48025-3215
      View Details
    • Value Estimation
      $7,055,000
      43,939 SF

      31500 Telegraph Rd

      MEDICAL BUILDING • 43,939 SF
      31500 Telegraph Rd, Bingham Farms, MI 48025-4367
      View Details
    • Value Estimation by Request
      1,050 SF

      32990 Pierce St

      MEDICAL BUILDING • 1,050 SF
      32990 Pierce St, Beverly Hills, MI 48025-3216
      View Details

    Similar Nearby for Sale

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    • $1,495,000
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      Franklin Mixed-Use Property For Sale

      Mixed-use property in Franklin, Michigan, totaling 3,866 square feet.
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      1,827 SF

      Franklin, MI US Post Office

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      Value-Add Opportunity in Franklin Village

      Retail property in affluent Franklin, Michigan, with value-add potential.
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    • $1,375,000

      Franklin Village Commercial Building For Sale

      2,786 SF commercial building in Franklin Village historic district.
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    • $4,500,000
      7.01 Acres

      Rare 7-Acre Parcel

      Exceptional land parcel for private estate or development.
      23301 W 14 Mile Rd, Franklin, MI 48025
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    Similar Nearby for Lease

    • $1,200 /Mo
      177,261 SF

      Modern Office Space For Lease

      Private rooms available in a modern chiropractic and wellness clinic.
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    • $22 SF/Yr
      1,600 SF

      Medical Office Space Available

      Well-maintained medical building near Beaumont Hospital Royal Oak.
      15590 W 13 Mile Rd, Beverly Hills, MI 48025
      View Details
    • $17 SF/Yr

      Beverly Hills Office/Medical Space

      Office or medical space with excellent access and storage.
      31000 Lahser Rd, Beverly Hills, MI 48025
      View Details
    • Contact for pricing
      935 SF

      Southfield Office/Medical Space For Rent

      First floor office and medical suites available for lease.
      32270 Telegraph Rd, Southfield, MI 48025
      View Details
    • $17 SF/Yr

      Beverly Hills Office Space Available

      Office or medical space with excellent access and signage.
      31000 Lahser Rd, Beverly Hills, MI 48025
      View Details
    • Contact for pricing
      2,935 SF

      Bingham Farms Office Space Available

      Move-in ready office suites with ample parking and amenities.
      30600-30800 Telegraph Rd, Bingham Farms, MI 48025
      View Details
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    Beverly Hills, MI 48025-5642
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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