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    FOR SALE
    Medical Office Space

    32910 W 13 Mile Rd, Farmington Hills, MI 48334

    21,167 SF 2.01 ac lot Built 1973
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0902594
    32910 W 13 Mile Rd, Farmington Hills, MI 48334 For Sale
    $2,095,000 21,167 SF
    32910 W 13 Mile Rd, Farmington Hills, MI 48334
    View Listing →
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.12M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.49M
    Blend (final) Blend
    $2.10M
    Owner & transaction history
    Shemsan Investments LLC · 3 yrs held
    Shemsan Investments LLC
    since 2023
    Last sale
    $2.0M
    5 recorded transactions
    2023
    $2.0M
    2018
    2016
    $900,000
    2012
    2004
    Zoning & alternative use
    BI · Farmington Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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