32969 Hamilton Ct Farmington Hills, MI 48334
Property profile & analytics
32969 Hamilton Ct, Farmington Hills, MI 48334
- Office buildings
- 40,768 SF
- 2.42 lot acres
Property ID
US43-0855182
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 32969 Hamilton Ct
- Year built
- 1972
- Lot size
- 2.42 lot acres
- Zone code
- BI
- Property type
- Office buildings
- APN
- 22-23-15-101-018
- APU
- 222315101018
Description
Quakertown Plaza presents a compelling value-add opportunity in Farmington Hills, Michigan. This two-building office complex, totaling 63,807 square feet, sits on a 2.42-acre lot and offers 177 parking spaces. The property, built in 1975, features three stories per building and is currently 60% occupied, presenting a significant opportunity for a new owner to reposition and rebrand the space. The buildings are zoned OS-4 | Office Research District, providing flexibility for future use. Recent capital improvements include new heating and cooling systems (boilers, air conditioning units, and furnaces) in both buildings. The asking price is $3,000,000, translating to $47 per square foot—significantly below replacement cost. The property boasts prominent 12 Mile Road monument signage, enhancing visibility and accessibility. With a current Net Operating Income (NOI) of $97,412, this property is ideal for investors seeking undervalued office product in a high-quality area or a user requiring 10,000+ square feet of space. The substantial parking and prime location make this a highly attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,650,000
- ML approach
- $2,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,495,000
- 6.5%
- $2,305,000
- 7%
- $2,140,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,081,000
- AI Estimate
- $1,672,000
Market price range: $3.08M - $5.87MMarket price range: $1.22M - $6.18M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3742
- Latitude
- 42.4974
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,775
$284,830
$901,020
$1,185,850
-
$569,660
$1,802,040
$2,371,700
