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Financial
Distress signals
Property profile

23936 Industrial Park Dr Farmington Hills, MI 48335

FOR SALE
Manufacturing properties
Property ID
US43-1661035
20,968 SF 1.1 ac lot Built 1969
Last sale Feb 2016 · $300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an industrial facility located within an industrial park with access to major highways. It has a total building size of 20,968 sq. ft., including 3,000 sq. ft. of office space that was renovated and furnished with custom desks and conference tables. The warehouse area includes commercial ventilation fans and LED lighting throughout the building, along with solar-powered outdoor lighting. The facility is equipped with a security system that includes a 32-channel NVR, an alarm…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value · 2024$691k
Assessed land$79k
Assessed improvement$611k
Effective rate4.64%

Value estimate

· Oct 2026
$605k
$545k – $666k
NOI build-up
Gross scheduled income$154k
Vacancy & credit loss−$6k
Operating expenses−$22k
NOI · 5.37% cap applied$126k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$57 – $109
Qualifying comparables18

Cap rate analysis

How does the asset earn?
5.37%
$126k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency29.3
Hair Salon20.2
Dental Office15.5

Location

23936 Industrial Park Dr Farmington Hills, MI 48335
County assessor Recorded deeds · 2 transfers 18 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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