23227 Commerce Dr, Farmington Hills, MI 48335-2705
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
II · Farmington Hills, MIFarmington Hills. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.