Property profile

31690 W 12 Mile Rd Farmington Hills, MI 48334

FOR SALE
Office buildings
Property ID
US43-0286792
11,756 SF 0.69 ac lot Built 1981
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,649 square foot flex space building, located at 31690 W 12 Mile Rd in Farmington Hills, Michigan, presents a compelling investment opportunity. The property, situated on a 0.69-acre lot, offers a versatile layout suitable for single or multi-tenant occupancy, with flexible floor plans ranging from 2,500 to 11,649 square feet. Its prime location boasts excellent 12 Mile Road frontage, providing high visibility and accessibility. The building's strategic position offers convenient access to major freeways, placing it within easy reach of a wide range of businesses and employees. Furthermore, its proximity to numerous restaurants and retail establishments enhances its appeal and provides added convenience for occupants. The asking price for this multi-tenant office and industrial property is $1,300,000. This property is zoned for office and industrial use and presents a rare opportunity to acquire a well-located, adaptable space in a thriving market. The building's size and flexible floor plan make it ideal for a variety of businesses seeking a prominent presence in Oakland County. Don't miss this chance to own a valuable asset in a high-demand area. The zip code is 48334.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 11,756 SF
Lot 0.69 ac (30,013 SF)
Zoning code BI
APN 22-23-10-476-038
UPID US43-0286792

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31690 W 12 Mile Rd Farmington Hills, MI 48334
Farmington Hills metro Census 166500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.42M
CAP Approach CAP
$665k
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$1.31M

Owner & transaction history

since 2026
4 recorded transactions
2026
Price N/A
2023
$1.4M
2021
$1.2M
2000
$1.4M

Zoning & alternative use

BI · Farmington Hills, MI
Top alternative use upside
Auto repair, garage $1.4M +4.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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