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    Property profile & analytics

    24700 Industrial Dr Farmington Hills, MI 48335-1554

    • Manufacturing properties
    • 19,799 SF
    • 1.32 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Last Sale
    Apr 13, 2021
    Location Intelligence
    Property ID
    US43-4868418
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 24700 Industrial Dr

    Year built
    1983
    Lot size
    1.32 lot acres
    Property size
    19,799 SF
    Zone code
    II
    Property type
    Manufacturing properties
    APN
    22-23-19-451-038
    APU
    222319451038

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4249
    Latitude
    42.4732
    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
    $26,395
    $86,250
    $420,110
    $506,360
    -
    $172,500
    $840,220
    $1,012,720

    Comparable in this City

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      156,380 SF

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    • Value Estimation by Request
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      23400 Haggerty Rd

      MANUFACTURING (LIGHT) • 142,798 SF
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    • Value Estimation by Request
      41,345 SF

      23409 Industrial Park Ct

      MANUFACTURING (LIGHT) • 41,345 SF
      23409 Industrial Park Ct, Farmington Hills, MI 48335-2849
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    • Value Estimation
      $270,000
      11,797 SF

      24775 Hathaway St

      MANUFACTURING (LIGHT) • 11,797 SF
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    • Value Estimation
      $550,000
      20,093 SF

      24115 Industrial Park Dr

      MANUFACTURING (LIGHT) • 20,093 SF
      24115 Industrial Park Dr, Farmington Hills, MI 48335-2864
      View Details
    • Value Estimation
      $525,000
      15,897 SF

      23035 Commerce Dr

      MANUFACTURING (LIGHT) • 15,897 SF
      23035 Commerce Dr, Farmington Hills, MI 48335-2721
      View Details

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    Farmington Hills, MI 48335-1554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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