24735 Crestview Ct Farmington Hills, MI 48335-1507
- Manufacturing properties
- 13,307 SF
- 2.31 lot acres
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $945,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $945,000
- 6.5%
- $825,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $830,000
- Geo Method
- $955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $775,000
- Mixed-Use
- $860,000
- Hospitality
- $905,000
- Educational
- $880,000
- Residential Income
- $910,000
- Energy
- $815,000
- Income-Based Land
- $960,000
- Food Service
- $970,000
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
