24555 Hallwood Ct Farmington Hills, MI 48331
Property profile & analytics
24555 Hallwood Ct Farmington Hills, MI 48331
- Industrial properties
- 13,101 SF
- 1.06 lot acres
Property ID
US43-5167108
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
- Industrial properties
Property Details for 24555 Hallwood Ct
- Year built
- 1986
- Lot size
- 1.06 lot acres
- Property size
- 13,101 SF
- Zone code
- II
- Property type
- Industrial properties
- APN
- 22-23-19-426-034
- APU
- 222319426034
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,080,000
- 6.5%
- $1,000,000
- 7%
- $925,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,075,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,220,000 Change: +13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4189
- Latitude
- 42.4721
- 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
$18,021
$69,260
$488,140
$557,400
-
$138,520
$976,280
$1,114,800
