Property profile

32000 Northwestern Hwy Farmington Hills, MI 48334

FOR LEASE
Office buildings
Property ID
US43-1337069
58,548 SF 3.32 ac lot Built 1985
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Located in Farmington Hills, Michigan, the Spectrum Office Center offers a prime opportunity for businesses seeking executive office space. This 58,548 square foot building, situated on a 3.32-acre lot, features multiple tenancies with suites ranging from 1,500 to 2,700 square feet. Currently, 5,965 square feet of space is available. Built in 1985, the property is zoned OS-1 and boasts ample parking with 220 spaces. The address is 32000 Northwestern Hwy, Farmington Hills, MI 48334, conveniently located in Oakland County. The property's APN is 23-02-252-030. This well-maintained building provides a professional and efficient work environment, ideal for a variety of businesses. The minimum divisible space is 1,500 square feet, making it suitable for both smaller and expanding companies. With its convenient location and substantial parking, the Spectrum Office Center presents a compelling opportunity for businesses seeking a prestigious and functional office space in a thriving area. The property offers a blend of traditional and executive office space, catering to diverse business needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 58,548 SF
Lot 3.32 ac (144,619 SF)
Zoning code BI
APN 22-23-02-252-030
UPID US43-1337069

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
  • Law Firm
  • Loan Service Bank
  • Consultant
  • Law Firm
  • Physician

Location

32000 Northwestern Hwy Farmington Hills, MI 48334
Farmington Hills metro Census 166000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.31M
Comparable Approach Comparable
$3.84M
Blend (final) Blend
$3.47M

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2019
Price N/A
2017
$4.0M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Farmington Hills, MI

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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