Property profile

20200 Farmington Rd Livonia, MI 48152

OFF-MARKET
Medical Office Space
Property ID
US43-4688813
10,005 SF 1 ac lot Built 1987
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents two immediately available medical office suites within the well-maintained Pinebrooke Office Park in Livonia, Michigan. Located at 20200-20246 Farmington Rd, this 6,000 square foot, multi-tenant office building offers a tranquil park-like setting with ample parking. Currently, 1,904 square feet are vacant, divisible into units ranging from 864 to 1,040 contiguous square feet. Each suite is designed for optimal functionality. One suite boasts a waiting room, reception area, executive office with en-suite bathroom and closet, plus three additional offices. The second suite provides both a main customer entrance and a separate employee entrance, a waiting room, and three offices. The property sits on a 2.81-acre lot and was built in 1985. It's zoned OS and is conveniently located in the Southern I-275 Corridor of Wayne County, Michigan, with the zip code 48152. This property offers a unique blend of convenience, accessibility, and a professional atmosphere, ideal for medical practices seeking a move-in ready space. The private entry suites and beautiful landscaping contribute to a serene and productive work environment.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1987
Total area 10,005 SF
Lot 1 ac (43,560 SF)
APN 46 010 99 0009 003
UPID US43-4688813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Medical Clinic

Location

20200 Farmington Rd Livonia, MI 48152-1412
Livonia metro Census 556300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$890k
Blend (final) Blend
$480k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.4M +50.3%
Restaurant $1.0M +10.0%
Commercial (general) $1.0M +9.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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