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    FOR LEASE
    Industrial properties

    24555 Hallwood Ct, Farmington Hills, MI 48331

    13,101 SF 1.06 ac lot Built 1986
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-5167108
    Property summary
    AI-generated overview

    This exceptional 13,101 square foot medical office building, located at 24555 Hallwood Ct in Farmington Hills, Michigan, presents a unique investment opportunity. The property, situated on a one-acre lot (43,560 square feet), is a single-story, Class B building constructed in 1989. Currently undergoing renovations, the building offers multiple suites, with a minimum divisible space of 600 square feet and a maximum contiguous space of 2,000 square feet. A significant 2,000 square feet of vacant space is immediately available. The zoning is specifically designated for medical offices, making it ideal for a variety of healthcare practices. The building's location within the Farmington/Farm Hills submarket of Oakland County, Michigan (zip code 48331), provides excellent access to a thriving patient base. The existing tenant, a Diagnostic and Therapeutic Imaging practice, suggests potential synergies for practices such as Occupational Therapy, Physical Therapy, Sports Medicine, or Rehabilitation Services, with the possibility of shared imaging equipment. This is a rare opportunity to secure space in a well-located, renovated medical office building in a high-demand area. The property is zoned for medical office use and offers a flexible layout to accommodate various healthcare needs. Don't miss this chance to establish or expand your practice in this desirable location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1986
    Total area 13,101 SF
    Lot 1.06 ac (46,174 SF)
    Zoning code II
    APN 22-23-19-426-034
    UPID US43-5167108
    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
    by Request
    CAP Approach CAP
    $1.00M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $760k
    Owner & transaction history
    Van Holsbeeck Real Estate Holding C · 1 yrs held
    Van Holsbeeck Real Estate Holding C
    since 2024
    4 recorded transactions
    2024
    2015
    $680,000
    2004
    $1.2M
    1969
    Zoning & alternative use
    II · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.2M +13.4%
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    More about this property
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