23227 Commerce Dr Farmington Hills, MI 48335-2705
Property profile & analytics
23227 Commerce Dr Farmington Hills, MI 48335-2705
- Manufacturing properties
- 59,565 SF
- 5.04 lot acres
Property ID
US43-1159146
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.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 23227 Commerce Dr
- Year built
- 1998
- Lot size
- 5.04 lot acres
- Property size
- 59,565 SF
- Zone code
- II
- Property type
- Manufacturing properties
- APN
- 22-23-30-328-013
- APU
- 222330328013
Description
This exceptional 59,564-square-foot flex building, situated on a 5.04-acre lot in the Farmington/Farm Hills submarket of Oakland County, presents a unique investment opportunity. Built in 1998, this single-story structure boasts a 20-foot clear height warehouse, perfectly suited for a variety of industrial uses. The warehouse area is fully air-conditioned, equipped with 480-volt power, buss duct, and ample skylights for natural illumination. Two grade-level doors and two truckwells ensure efficient loading and unloading. The building also includes 25,838 square feet of office space, adaptable to lab, assembly, or additional warehouse needs. With 98 total parking spaces and convenient access via Commerce Drive and 10 Mile Road, this property is strategically located within an industrial/manufacturing zoned area. The building's attractive design and well-maintained condition make it an ideal choice for businesses seeking a functional and versatile space. The asking price is $6,250,000, translating to $104.93 per square foot. This property offers significant potential for growth and return on investment. The building features two dock-high doors. Electrical service is 1000 amps, 480 volts.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,920,000
- 6.5%
- $4,540,000
- 7%
- $4,215,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $4,825,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $5,545,000 Change: +15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4269
- Latitude
- 42.4579
- 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
$59,981
$340,300
$3,046,950
$3,387,250
-
$680,600
$6,093,900
$6,774,500
