Property profile

32910 W 13 Mile Rd Farmington Hills, MI 48334

FOR SALE
Medical Office Space
Property ID
US43-0902594
21,167 SF 2.01 ac lot Built 1973
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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32910 W 13 Mile Rd, Farmington Hills, MI 48334 For Sale
Contact for pricing 21,167 SF
32910 W 13 Mile Rd, Farmington Hills, MI 48334
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 20,200 square foot multi-tenant medical office complex located at 32910 W 13 Mile Rd, Farmington Hills, MI 48334, within Oakland County. The property, built in 1973, boasts 100% occupancy, generating strong net operating income. The building is classified as Office, with a subtype of Medical Office and Dental, catering to a diverse range of healthcare professionals. Its prime location offers convenient access to major regional freeways, ensuring high visibility and accessibility for patients and staff. Currently, lease rates are below market value, presenting significant upside potential for future income growth. The property's strong tenant base and stable income stream make it an attractive investment for those seeking a reliable and appreciating asset in a thriving medical market. Further details regarding pricing are available upon request. This is a fully occupied, multi-tenant medical building offering a solid return on investment with potential for future appreciation. The property's location in Farmington Hills, Michigan provides excellent access to a large and growing patient base.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1973
Total area 21,167 SF
Lot 2.01 ac (87,556 SF)
Zoning code BI
APN 22-23-03-301-013
UPID US43-0902594

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

32910 W 13 Mile Rd Farmington Hills, MI 48334
Farmington Hills metro Census 166100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.49M
Blend (final) Blend
$2.28M

Owner & transaction history

since 2023
Last sale
$2.0M
5 recorded transactions
2023
$2.0M
2018
Price N/A
2016
$900,000
2012
Price N/A
2004
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?”
More about this property
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