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Property profile & analytics
FOR LEASE
Office buildings
21500 Haggerty Rd, Northville, MI 48167
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5269039
For Lease
1 / 10
$22 SF/Yr
21500 Haggerty Rd, Northville, MI 48167
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Property summary
AI-generated overview
The Century Building, a three-story Class D office building located at 21500 Haggerty Rd, Northville, MI 48167 (APN 23-31-101-010), offers exceptional office space for lease. Built in 2000 and renovated in 2018, this meticulously designed building provides a professional environment to enhance your company's image. The building totals 49,738 square feet, with 11,204 square feet currently vacant. Available spaces range from 3,749 to 5,285 square feet, suitable for a variety of business needs. The property is zoned for office use and features ample parking with 198 spaces available for tenants and guests. This multi-tenant building offers a traditional office setting with executive office options, catering to businesses seeking a prestigious and functional workspace. The building's location in Northville, Michigan provides easy access to major transportation routes and amenities. This is an opportunity to secure high-quality office space in a well-maintained building with a modern aesthetic. Contact us today to schedule a viewing and discuss your leasing options.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
50,625 SF
Lot
2.7 ac (117,438 SF)
Zoning code
BI
APN
22-23-31-101-023
UPID
US43-5269039
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gentex Corporation Department Store
-
Nissha USA, Inc. Industrial Manufacturer Production Facility
-
CoreTitle Northville Title Company Insurance Company
-
Ian Waldo - Raymond James Financial Advisor
-
Success Mortgage Partners Ramzi Faraj Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$3.69M
Owner & transaction history
Farmington Hills City (mi) · 23 yrs held
Farmington Hills City (mi)
since 2003
7 recorded transactions
Zoning & alternative use
BI · Northville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Northville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,100,000
6.5%
$2,860,000
7%
$2,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,940,000
Current use
Blend value · Realmo final
$3.69M
Range $3.32M – $4.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,582
Tax year 2023
Assessed value
$2,584,450
Assessed 2024
Previous assessed
$2,463,560
+4.9% YoY
Effective rate
2.96%
On assessed value
Assessed land
$314,670
Assessed improvement
$2,269,780
Land market value
$629,340
Improvement market value
$4,539,560
Total market value
$5,168,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
FORCED AIR
Stories
1
Total area
50,625 SF
Lot
2.7 ac (117,438 SF)
Zoning code
BI
APN
22-23-31-101-023
UPID
US43-5269039
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Northville, MI
Zoning BI · permitted uses
BI · Northville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.9M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Stories
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Farmington Hills City (mi)
Entity
Free & Clear · 23 yrs held
Mailing address
37000 GRAND RIV AVE STE #360, FARMINGTON HILLS, MI 48335-2882
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
—
Century Project LLC
—
Deed
related
$2,700,000 · Bank Of Ann Arbor
Mar 29, 2019
—
Century Project LLC
—
Deed
related
$250,000 · Bank Of Ann Arbor
Mar 8, 2017
—
Century Project LLC
—
Deed
related
$250,000 · Bank Of Ann Arbor
Jul 22, 2016
—
Century Project LLC
—
Deed
related
$3,150,000 · Bank Of Ann Arbor
Mar 13, 2003
—
Farmington Hills City (mi)
Century Project LLC
Quit Claim Deed
related
—
—
—
Century Project LLC
—
Deed Of Trust
related
$5,500,000 · Greenwich Capital Fin'l Produc
—
—
Century Project LLC
—
Loan Modification
related
$250,000 · Bank Of Ann Arbor
—
—
Century Project LLC
—
Loan Modification
related
—
—
—
Century Project LLC
—
Loan Modification
related
$3,150,000 · Bank Of Ann Arbor
—
—
Century Project LLC
—
Loan Modification
related
$2,700,000 · Bank Of Ann Arbor
—
—
Century Project LLC
—
Loan Modification
related
$300,000 · Bank Of Ann Arbor
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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