Property profile

23227 Commerce Dr Farmington Hills, MI 48335

FOR SALE
Manufacturing properties
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Property ID
US43-1159146
59,565 SF 5.04 ac Built 1998
Last sale Apr 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
23227 Commerce Dr, Farmington Hills, MI 48335 For Sale
$6,250,000 59,565 SF
23227 Commerce Dr, Farmington Hills, MI 48335
View Listing

Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$60k
Tax billed · 2023
Assessed value · 2024$3.39M
Assessed land$340k
Assessed improvement$3.05M
Effective rate1.77%

Value estimate

· Nov 2026
$3.40M
$3.06M – $3.74M
CAP approach$4.54M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$81/SF
County average, outlier-cleaned · 341 recorded sales of this use type
Observed band · Q1–Q3$53 – $107
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
II
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.1
Dental Office24.9
Hair Salon23.6

Location

23227 Commerce Dr Farmington Hills, MI 48335
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
24505 Indoplex, Farmington Hills, MI 48335-9991 $3,250,000 Dec 2021 46,154 SF
24000 Research, Farmington Hills, MI 48335-2600 $3,100,000 Jun 2021 56,706 SF
23350 Commerce, Farmington Hills, MI 48335-2726 $2,400,000 Jan 2021 23,872 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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