31700 12th Mile Rd Farmington Hills, MI 48334-4424
Office buildings
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Entity Owned
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Est. High Equity
For Sale
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31700 12th Mile Rd, Farmington Hills, MI 48334-4424
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Estimated value (blended)
$375k
Range $338k – $413k (±10%)
Property ID
US43-0543508
Property summary
AI-generated overview
This exceptional two-story medical office building, totaling 10,496 square feet, offers multiple tenancy options in Oakland County's desirable Office Service District (OS-1 zoning). Six individual suites are currently available, ranging in size from 500 to 3,750 rentable square feet, perfect for a variety of medical or general office uses. A recently vacated dental suite is ready for immediate occupancy. A complete remodel is underway, encompassing all common areas and individual suite updates. The property boasts ample parking and the highly sought-after benefit of monument signage. Strategically located on the north side of 12 Mile Road, just west of Orchard Lake Road, this location provides convenient access to I-696 and a wealth of nearby restaurants. This prime location offers excellent visibility and accessibility for both patients and staff. The building's modern design and convenient amenities make it an ideal choice for medical professionals seeking a thriving and well-appointed workspace. Don't miss this opportunity to secure your space in this soon-to-be-renovated medical office building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
10,496 SF
Lot
0.69 ac (30,013 SF)
Zoning code
BI
APN
22-23-10-476-037
UPID
US43-0543508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$375k
Owner & transaction history
since 2026
4 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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 11 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$375k
Value range
$338k – $413k
±10% around blend
Estimated value / SF
$36 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$338k
blend $375k
$413k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,496 SF
Lot area
0.69 ac
Year built
1972
Stories
1
APN
22-23-10-476-037
Assessed value
$421,130
Annual tax
$18,702
3
Income approach: direct capitalization
Partial preview
Income approach indication
$595k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$640k
@ 6.5% CAP return
$595k
@ 7% CAP return
$550k
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
$18,702
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$758k
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.2 mi away · 9,800 SF
7.4 mi away · 8,024 SF
11.5 mi away · 11,077 SF
11.7 mi away · 7,688 SF
14.2 mi away · 10,439 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$375k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$117
-69%
Submarket 65 sales
$120
-70%
County 427 sales
$117
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $36/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
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.49%
Selected cap rate for this office buildings
Derived from the Farmington Hills market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.49%
9.0%
NOI (est.)
$133k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.04M
Move the market yield to see immediate price impact.
Value / SF
$195
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
5.99%6.49%6.99%
$119k
$1.99M
$1.84M
$1.71M
$133k
$2.21M
$2.04M
$1.90M
$146k
$2.44M
$2.25M
$2.09M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$905k
2.1 mi · Mar 2026 · $102/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,702
Tax year 2023
Assessed value
$421,130
Assessed 2024
Previous assessed
$394,730
+6.7% YoY
Effective rate
4.44%
On assessed value
Assessed land
$99,000
Assessed improvement
$322,130
Land market value
$198,000
Improvement market value
$644,260
Total market value
$842,260
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 Sale
Year built
1972
Heating
FORCED AIR
Stories
1
Total area
10,496 SF
Lot
0.69 ac (30,013 SF)
Zoning code
BI
APN
22-23-10-476-037
UPID
US43-0543508
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
1972
Heating
FORCED AIR
Stories
1
Lot
0.69 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.
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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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