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Property profile & analytics

23192 Commerce Dr Farmington Hills, MI 48335

  • Office buildings
  • 7,300 SF
  • 0.69 lot acres
Value Estimations
Cap Rate Potential
9%
Office buildings
Location Intelligence
Property ID
US43-0178810
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

  • Office buildings

Property Details for 23192 Commerce Dr

Year built
1986
Lot size
0.69 lot acres
Property size
7,300 SF
Zone code
II
Property type
Office buildings
APN
22-23-30-327-021
APU
222330327021

Description

This exceptional 3,000-square-foot property at 23192 Commerce Drive in Farmington Hills, Michigan, presents a unique opportunity for businesses seeking versatile space. Located in Oakland County (APN 23-30-327-021), this light industrial building, constructed in 1985, offers a blend of executive office and warehouse/distribution capabilities, perfect for a variety of operations. The entire 3,000 square feet is currently vacant and ready for immediate occupancy. The space features a substantial 18-foot ceiling height, providing ample room for storage or specialized equipment. The building is equipped with 240-volt power, catering to the needs of many industrial applications. The multiple tenancy zoning allows for flexibility in usage and potential for subleasing. This prime location in Farmington Hills, MI (zip code 48335), offers easy access to major transportation routes, making it an ideal choice for businesses needing efficient logistics. The property's versatile design and strategic location make it an attractive option for companies seeking a functional and well-situated workspace. Contact us today to schedule a viewing and explore the possibilities this property offers.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $445,000
    6.5%
    $410,000
    7%
    $385,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $589,000
    Market price range: $204k - $757k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $855,000
    Current use
    AUTO REPAIR, GARAGE
    $895,000
    Change: +5% Conversion: Difficult

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


Location Insight

  • Map
  • Local Demand
City
Farmington Hills
County
Oakland
State
Michigan
Longitude
-83.4257
Latitude
42.459
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
$13,595
$49,800
$421,310
$471,110
-
$99,600
$842,620
$942,220
More about this property
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