31500 13 Mile Rd Farmington Hills, MI 48334
Property profile & analytics
31500 13 Mile Rd, Farmington Hills, MI 48334
- Office buildings
- 45,838 SF
- 4.11 lot acres
Property ID
US43-1110307
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
- Office buildings
Property Details for 31500 13 Mile Rd
- Year built
- 1929
- Lot size
- 4.11 lot acres
- Zone code
- BI
- Property type
- Office buildings
- APN
- 22-23-03-476-042
- APU
- 222303476042
Description
This exceptional 46,468 square foot executive office building, located at 31500 13 Mile Road in Farmington Hills, Michigan (zip code 48334), presents a rare opportunity for owner-users or value-add investors. The property boasts a multi-tenant configuration, offering suites ranging in size from 315 square feet to 12,191 square feet, providing flexibility for various business needs. Its prime location in Oakland County offers convenient access to major freeways, ensuring easy commutes for employees and clients. The building features ample parking, smooth ingress and egress, and the potential for prominent monument signage on 13 Mile Road, enhancing visibility and brand recognition. Recent improvements significantly enhance the property's value and appeal, including a resurfaced parking lot, updated building exterior, a new roof on half of the building, upgraded mechanical systems, and fresh landscaping. The property's strong cash flow and significant upside potential make it an attractive investment prospect. This is a truly unique opportunity to acquire a well-maintained, strategically located office building in a thriving Michigan market. The building's excellent condition and recent upgrades minimize immediate capital expenditure needs, allowing for a smooth transition and immediate occupancy or lease-up. This is a turnkey solution for businesses seeking a high-quality office space or investors looking for a strong return on investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,900,000
- ML approach
- $2,210,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,805,000
- 6.5%
- $2,590,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,372,000
Market price range: $1.37M - $6.94M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3613
- Latitude
- 42.5146
- 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
$115,868
$467,570
$490,820
$958,390
-
$935,140
$981,640
$1,916,780
