24435 Halsted Rd Farmington Hills, MI 48335
Property profile & analytics
24435 Halsted Rd Farmington Hills, MI 48335
- Office buildings
- 13,893 SF
- 0.74 lot acres
Property ID
US43-5286196
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
- Office buildings
Property Details for 24435 Halsted Rd
- Year built
- 1966
- Lot size
- 0.74 lot acres
- Property size
- 13,893 SF
- Zone code
- II
- Property type
- Office buildings
- APN
- 22-23-19-426-013
- APU
- 222319426013
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $760,000
- ML approach
- $785,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $850,000
- 6.5%
- $785,000
- 7%
- $730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $590,000
Market price range: $388k - $1.44M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4164
- Latitude
- 42.4722
- 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
$11,651
$53,190
$418,700
$471,890
-
$106,380
$837,400
$943,780
