24735 Crestview Ct Farmington Hills, MI 48335-1507
Property profile & analytics
24735 Crestview Ct Farmington Hills, MI 48335-1507
- Manufacturing properties
- 13,307 SF
- 2.31 lot acres
Property ID
US43-1701393
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
- Manufacturing properties
Property Details for 24735 Crestview Ct
- Year built
- 1978
- Lot size
- 2.31 lot acres
- Property size
- 13,307 SF
- Zone code
- II
- Property type
- Manufacturing properties
- APN
- 22-23-19-326-044
- APU
- 222319326044
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $945,000
- ML approach
- $1,045,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,015,000
- 7%
- $940,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,039,000
Market price range: $706k - $1.43M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,075,000 Current use
- AUTO REPAIR, GARAGE
- $1,630,000 Change: +51% Conversion: Easy
- OFFICE BUILDING
- $1,560,000 Change: +45% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,240,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.4292
- 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
$18,236
$148,630
$314,490
$463,120
-
$297,260
$628,980
$926,240
