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Property profile & analytics
FOR LEASE
Industrial properties
24615 Halsted Rd Farmington Hills, MI 48335
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0217024
For Lease
$7.50 SF/Yr
24615 Halsted Rd, Farmington Hills, MI 48335
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1983
Total area
59,952 SF
Lot
3.42 ac (149,149 SF)
Zoning code
II
APN
22-23-19-426-043
UPID
US43-0217024
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Lion Investment Group-westhils · 14 yrs held
Lion Investment Group-westhils
since 2012
5 recorded transactions
Zoning & alternative use
II · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$47,711
Tax year 2023
Assessed value
$1,890,890
Assessed 2024
Previous assessed
$1,814,170
+4.2% YoY
Effective rate
2.52%
On assessed value
Assessed land
$235,890
Assessed improvement
$1,655,000
Land market value
$471,780
Improvement market value
$3,310,000
Total market value
$3,781,780
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Lease
Year built
1983
Heating
FORCED AIR
Stories
1
Total area
59,952 SF
Lot
3.42 ac (149,149 SF)
Zoning code
II
APN
22-23-19-426-043
UPID
US43-0217024
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Farmington Hills, MI
Zoning II · permitted uses
II · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Stories
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Lion Investment Group-westhils
Entity
Free & Clear · 14 yrs held
Mailing address
31313 NORTHWESTERN HWY STE #201, FARMINGTON HILLS, MI 48334-2577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Lion Investment Group H&j LLC
—
Deed
related
$5,000,000 · Symetra Life Insurance Co
Feb 3, 2017
—
Lion Investment Group Westhills LLC
—
Deed
related
$7,000,000 · Wells Fargo Bank NA
Mar 1, 2012
$890,400
Lion Investment Group-westhils
Lincoln Natl Life Ins
Grant Deed
—
Oct 1, 2010
—
Lincoln National Life Ins Co
Jefferson-pilot Invs INC
Grant Deed
—
May 6, 2009
$1,559,889
Jefferson-pilot Investment INC
Sheriff Of Oakland County
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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