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32969 Hamilton Ct, Farmington Hills, MI 48334
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Property summary
AI-generated overview
Quakertown Plaza consists of two three-story office buildings totaling approximately 63,807 square feet, located off West 12 Mile Road in Farmington Hills with access to I-696. The site is situated within a Metro Detroit office corridor and is positioned among corporate neighbors including First Merchants Bank Headquarters and multiple hotels, with walkable access to restaurants, cafés, and daily conveniences. The buildings include multiple office spaces across three levels and are configured to support tenancy of varying sizes, including requirements of 10,000+ square feet. Building systems have been upgraded through replacements of heating and cooling equipment, and the property has undergone cosmetic enhancements. The property has historically been used as office space and is suitable for continued office use or related conversion depending on applicable zoning and approvals.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
40,768 SF
Lot
2.42 ac (105,415 SF)
Zoning code
BI
APN
22-23-15-101-018
UPID
US43-0855182
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
-
Electronics & Wireless Store
-
Accounting Firm Tax Preparation
-
Corporate Office
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.75M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.65M
Owner & transaction history
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.65M
Value range
$2.39M – $2.92M
±10% around blend
Estimated value / SF
$65 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$2.39M
blend $2.65M
$2.92M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
40,768 SF
Lot area
2.42 ac
Year built
1972
Stories
2
APN
22-23-15-101-018
Zoning
BI
Assessed value
$1,185,850
Annual tax
$90,775
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.31M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.50M
@ 6.5% CAP return
$2.31M
@ 7% CAP return
$2.14M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$90,775
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.08M
Range $3.08M – $5.87M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.65M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$117
-44%
Submarket 65 sales
$120
-46%
County 427 sales
$117
-45%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $65/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.70%
Selected cap rate for this office buildings
Derived from the Farmington Hills market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$220k *
Last sale · Jul 2022
$2.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.85M
Move the market yield to see immediate price impact.
Value / SF
$95
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$198k
$3.80M
$3.47M
$3.19M
$220k
$4.22M
$3.85M
$3.54M
$242k
$4.65M
$4.24M
$3.90M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$90,775
Tax year 2023
Assessed value
$1,185,850
Assessed 2024
Previous assessed
$1,490,360
-20.4% YoY
Effective rate
7.65%
On assessed value
Assessed land
$284,830
Assessed improvement
$901,020
Land market value
$569,660
Improvement market value
$1,802,040
Total market value
$2,371,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1972
Heating
FORCED AIR
Stories
2
Total area
40,768 SF
Lot
2.42 ac (105,415 SF)
Zoning code
BI
APN
22-23-15-101-018
UPID
US43-0855182
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MIZoning BI · permitted uses
BI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Stories
2
Lot
2.42 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Farmington Hills, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Farmington Hills, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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