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    Property profile & analytics
    OFF-MARKET Estimated value $1,010,000
    Manufacturing properties

    24735 Crestview Ct, Farmington Hills, MI 48335-1507

    13,307 SF 2.31 ac lot Built 1978
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1701393
    Property summary
    AI-generated overview

    This freestanding industrial building, situated on a 2.3-acre lot in Farmington Hills, Michigan, presents a compelling investment opportunity. The 13,307-square-foot structure, built in 1978 and zoned for light industrial use, boasts a 14'6" ceiling height, ideal for various manufacturing and warehousing needs. The property includes 1,500 square feet of air-conditioned office space, enhancing its functionality. Access is provided by one dock-high door and two grade-level doors. Significant power is available with 1200 amps, 240 volts, and 3-phase power. The building is further equipped with one 1-ton and one ½-ton crane, adding to its operational capabilities. The partially paved and fenced yard is currently partially leased for RV/boat storage, offering potential for additional income. The existing tenant will be vacating, providing immediate occupancy for a new owner. This property is priced at $1,625,000 and offers a rare combination of size, features, and location within the desirable Farmington Hills market. The property's zoning and ample power supply make it suitable for a wide range of industrial uses. The existing infrastructure, including cranes and ample power, minimizes upfront capital expenditures for a new owner. The partially leased yard provides an immediate revenue stream and potential for future development. This is a turnkey opportunity for an investor or business seeking a well-equipped industrial space in a prime location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1978
    Total area 13,307 SF
    Lot 2.31 ac (100,406 SF)
    Zoning code II
    APN 22-23-19-326-044
    UPID US43-1701393
    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
    $1.05M
    CAP Approach CAP
    $1.02M
    Comparable Approach Comparable
    $1.04M
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    24735 Crestview LLC · 1 yrs held
    24735 Crestview LLC
    since 2024
    Last sale
    $1.4M
    2 recorded transactions
    2024
    $1.4M
    2021
    $900,000
    Zoning & alternative use
    II · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.6M +51.4%
    Office building $1.6M +44.9%
    Neighborhood: shopping center $1.2M +14.9%
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