33466 8th Mile Rd, Farmington, MI 48335-5208
This exceptional 7,807 square foot industrial building is situated on a 0.91-acre lot at 33466 W 8 MILE in Farmington, Michigan. The property boasts a prime location on a busy street, offering excellent visibility and accessibility. The substantial brick structure is exceptionally well-maintained and presents a significant investment opportunity. Currently configured as a single unit, the building's layout allows for flexible adaptation, easily divisible into 3-4 separate units, making it perfect for multiple medical practices or a variety of office uses. A key feature is the inclusion of a dedicated x-ray room complete with lead shielding, catering to medical tenants. Ample parking is available in the large on-site lot. The property's proximity to downtown Farmington further enhances its appeal. The asking price for this turnkey property is $1,199,000. Lease options are also available. This is a rare opportunity to acquire a well-located, versatile industrial building with significant potential for growth and return on investment. The building's size, features, and location make it an attractive prospect for a wide range of businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Farmington, MIFarmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.