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31700 Middlebelt Rd, Farmington Hills, MI 48334
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Property summary
AI-generated overview
This exceptional two-story executive office building, located at 31700 Middlebelt Road in Farmington Hills, Michigan, offers a unique opportunity for businesses seeking flexible and prestigious office space. Built in 1989, the Brookfield III Office Building boasts a total of 93,779 square feet, with a significant amount of vacant space currently available, ranging from a minimum of 1,798 square feet to a maximum contiguous space of 33,072 square feet. The building is ideally suited for multiple tenants, providing a collaborative yet private work environment. The property features ample parking, with a ratio of 4.08 spaces per 1,000 square feet. Situated in Oakland County, this Farmington Hills location provides easy access to major transportation routes and amenities. The building is currently undergoing improvements, with a fitness center planned for the near future. This is an excellent opportunity to establish a presence in a thriving business community, offering a blend of modern convenience and professional ambiance. The address is 31700 Middlebelt Rd, Farmington Hills, MI 48334. Contact us today to learn more about leasing options and explore the possibilities of making this prime office space your new home.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
100,768 SF
Lot
5.26 ac (229,126 SF)
Zoning code
BI
APN
22-23-01-301-022
UPID
US43-1473710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Accounting Firm Tax Preparation
-
Accounting Firm
-
Employment Agency Business Service Center
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.70M
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$4.31M
Owner & transaction history
since 2023
6 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.31M
Value range
$3.87M – $4.74M
±10% around blend
Estimated value / SF
$43 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$3.87M
blend $4.31M
$4.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
100,768 SF
Lot area
5.26 ac
Year built
1988
Stories
1
APN
22-23-01-301-022
Zoning
BI
Assessed value
$2,069,230
Annual tax
$98,284
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.70M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.17M
@ 6.5% CAP return
$5.70M
@ 7% CAP return
$5.29M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$98,284
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.02M
Range $3.02M – $15.27M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$117
-63%
Submarket 65 sales
$120
-64%
County 427 sales
$117
-64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $43/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.61M
Move the market yield to see immediate price impact.
Value / SF
$46
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$291k
$5.81M
$4.15M
$3.23M
$323k
$6.46M
$4.61M
$3.59M
$355k
$7.10M
$5.07M
$3.95M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$98,284
Tax year 2023
Assessed value
$2,069,230
Assessed 2024
Previous assessed
$4,326,880
-52.2% YoY
Effective rate
4.75%
On assessed value
Assessed land
$591,040
Assessed improvement
$1,478,190
Land market value
$1,182,080
Improvement market value
$2,956,380
Total market value
$4,138,460
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Heating
FORCED AIR
Stories
1
Total area
100,768 SF
Lot
5.26 ac (229,126 SF)
Zoning code
BI
APN
22-23-01-301-022
UPID
US43-1473710
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MIZoning BI · permitted uses
BI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Stories
1
Lot
5.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Farmington Hills, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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