Property profile

21999 Farmington Rd Farmington, MI 48336

OFF-MARKET
Office buildings
Property ID
US43-1029561
6,765 SF 0.61 ac lot Built 1978
Entity Owned Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional income-generating industrial property, located at 21999 FARMINGTON in Farmington, MI, offers a total of 6,765 square feet on a 0.61-acre lot. The property comprises seven individual units, each designed to maximize functionality and efficiency. Several units include convenient amenities such as kitchenettes and half bathrooms, enhancing their appeal to a wide range of tenants. A shared reception office and conference room are also available, providing valuable common areas for tenants' use. Two unisex half bathrooms are conveniently located in the main hallway for shared access. The building features two staircases providing access to a sizable finished basement, which includes an additional half bathroom. This well-maintained property presents a significant investment opportunity with strong potential for rental income. The strategic location in Farmington, MI, offers excellent accessibility and visibility, making it an attractive option for businesses seeking a productive and well-equipped workspace. The property's size and layout are ideal for a variety of industrial uses, offering flexibility and adaptability to meet diverse tenant needs. Priced at $879,900, this property represents a compelling investment opportunity in a thriving market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 6,765 SF
Lot 0.61 ac (26,615 SF)
Zoning code BI
APN 22-23-33-229-060
UPID US43-1029561

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
  • Employment Agency
  • High School
  • Employment Agency
  • Home Health Care Service
  • Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Location

21999 Farmington Rd Farmington, MI 48336-4400
Farmington metro Census 168602 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2025
Last sale
$835,000
5 recorded transactions
2025
$835,000
2022
$599,000
2021
$500,000
2012
Price N/A
2005
Price N/A

Zoning & alternative use

BI · Farmington, MI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21999 Farmington Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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