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Financial
Distress signals
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
Last sale Oct 2017 · $4,001,748
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$73k
Tax billed · 2023
Assessed value · 2024$2.72M
Assessed land$458k
Assessed improvement$2.27M
Effective rate2.66%

Value estimate

· Oct 2026
$3.47M
$3.12M – $3.82M
CAP approach$3.31M
Submarket $/SF estimate$3.84M
NOI build-up
Gross scheduled income$351k
Vacancy & credit loss−$83k
Operating expenses−$67k
NOI · 1,089,464.86% cap applied$202k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$76 – $144

Cap rate analysis

How does the asset earn?
1,089,464.86%
$202k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.3
Auto Parts Store11.8
Storage Facility11.4

Location

32000 Northwestern Hwy Farmington Hills, MI 48334
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
31500 13th Mile, Farmington Hills, MI 48334-2164 $2,000,000 Aug 2023 45,838 SF
32969 Hamilton, Farmington Hills, MI 48334-3351 $2,550,000 Jul 2022 40,768 SF
28501 Orch Lk, Farmington Hills, MI 48334-2951 $2,500,000 Mar 2022 26,466 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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