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    FOR SALE
    Office buildings

    24435 Halsted Rd, Farmington Hills, MI 48335

    13,893 SF 0.74 ac lot Built 1966
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-5286196
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $785k
    CAP Approach CAP
    $785k
    Comparable Approach Comparable
    $591k
    Blend (final) Blend
    $800k
    Owner & transaction history
    Hfr Capital LLC Series 1 · 1 yrs held
    Hfr Capital LLC Series 1
    since 2025
    Last sale
    $836,817
    7 recorded transactions
    2025
    $836,817
    2016
    $950,000
    2016
    2008
    2005
    $475,000
    2005
    $750,000
    1969
    Zoning & alternative use
    II · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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