Property profile

24435 Halsted Rd Farmington Hills, MI 48335

FOR SALE
Office buildings
Property ID
US43-5286196
13,893 SF 0.74 ac lot Built 1966
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 15,170-square-foot freestanding flex building in Farmington Hills, Michigan, presents a compelling investment opportunity. Located at 24435 Halsted Road, this property boasts high visibility and excellent signage potential on a busy thoroughfare. Built in 1979 and renovated in 2004, the building features a gross lease structure and offers ample parking with 40 spaces available. The interior benefits from 90% air conditioning and ceiling heights ranging from 14 to 16 feet. One dock-high door facilitates efficient loading and unloading. The property sits on a 0.74-acre lot and is zoned LI-1 Light Industrial, providing flexibility for a variety of uses. Its strategic location offers easy access to major freeways including I-96, I-275, and M-5, enhancing its accessibility and appeal. The asking price is $1,150,000, translating to a price per square foot of $75.81. The property's APN is 23-19-426-013. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex building in a thriving market. The combination of size, location, and amenities makes this property ideal for a variety of businesses seeking a functional and highly visible space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 13,893 SF
Lot 0.74 ac (32,234 SF)
Zoning code II
APN 22-23-19-426-013
UPID US43-5286196

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store

Location

24435 Halsted Rd Farmington Hills, MI 48335
Farmington Hills metro Census 168700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
$785k
Comparable Approach Comparable
$591k
Blend (final) Blend
$760k

Owner & transaction history

since 2025
Last sale
$836,817
7 recorded transactions
2025
$836,817
2016
$950,000
2016
Price N/A
2008
Price N/A
2005
$475,000
2005
$750,000
1969
Price N/A

Zoning & alternative use

II · Farmington Hills, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message