Property profile

32270 Telegraph Rd Bingham Farms, MI 48025

FOR LEASE
Office buildings
Property ID
US43-4849200
59,924 SF 5.46 ac lot Built 1984
Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office property, located at 32270 Telegraph Road in Bingham Farms, Michigan, offers a unique blend of medical and creative office spaces. The building, totaling 58,492 square feet, was constructed in 1984 and underwent a significant renovation in 2013, ensuring modern amenities and functionality. The property features multiple tenancies, providing flexibility for businesses of various sizes. Currently, there is 8,930 square feet of vacant space available, divisible into units as small as 960 square feet, with a maximum contiguous space of 4,200 square feet. This allows for a range of occupancy options, catering to both small startups and larger established companies. The building's prime location in Oakland County, with a zip code of 48025, offers easy access to major transportation routes and a thriving business community. The property's APN is 24-05-226-034. This is an excellent opportunity to secure high-quality office space in a desirable location, combining modern aesthetics with convenient accessibility. The adaptable layout makes it ideal for a variety of businesses, from medical practices to creative agencies. Don't miss this chance to establish your business in this well-maintained and strategically located building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 59,924 SF
Lot 5.46 ac (237,838 SF)
Zoning code BI
APN TB-24-05-226-034
UPID US43-4849200

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
  • Medical Clinic
  • Physician
  • Physician Medical Clinic
  • Medical Clinic
  • Physician

Location

32270 Telegraph Rd Bingham Farms, MI 48025
Bingham Farms metro Census 159000 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
by Request
Comparable Approach Comparable
$6.01M
Blend (final) Blend
$5.64M

Owner & transaction history

since 2010
7 recorded transactions
2019
Price N/A
2010
Price N/A
2008
$5.7M
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Bingham Farms, MI
Top alternative use upside
Auto repair, garage $7.3M +4.5%

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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