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Property profile & analytics
OFF-MARKET
Office buildings
33566 8th Mile Rd Ste A Farmington, MI 48335-5271
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1746241
Property summary
AI-generated overview
This exceptional 2,000 square foot medical office space is now available for lease within a larger 39,770 square foot multi-tenant building located at 33566 W 8 Mile Rd in Oakland County. Built in 1988, the property sits on a 0.91-acre lot and is zoned BI. The space features multiple exam rooms and an in-suite kitchenette, making it ideal for a variety of medical practices. Ample surface parking is available for patients and staff. The building offers prominent monument signage opportunities for enhanced visibility. The lease rate is $15.00 per square foot, NNN. This is a fantastic opportunity to establish or expand your medical practice in a highly desirable location with convenient amenities and excellent access. The property's APN is 23-33-477-021. Don't miss this chance to secure this well-appointed medical office space. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
7,865 SF
Lot
0.91 ac (39,770 SF)
Zoning code
BI
APN
22-23-33-477-021
UPID
US43-1746241
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William H Dwight · 18 yrs held
William H Dwight
since 2007
2 recorded transactions
Zoning & alternative use
BI · Farmington, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,489
Tax year 2023
Assessed value
$385,570
Assessed 2024
Previous assessed
$381,680
+1.0% YoY
Effective rate
4.28%
On assessed value
Assessed land
$109,390
Assessed improvement
$276,180
Land market value
$218,780
Improvement market value
$552,360
Total market value
$771,140
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
7,865 SF
Lot
0.91 ac (39,770 SF)
Zoning code
BI
APN
22-23-33-477-021
UPID
US43-1746241
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington, MI
Zoning BI · permitted uses
BI · Farmington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
William H Dwight
Individual
Mailing address
290 CHAMPNEY BAY CT, NAPLES, FL 34102-7952
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2007
$1,054,500
William H Dwight
Midler Investments LLC
Warranty Deed
$843,200 · Comerica Bank
—
—
Milder Investments LLC
—
Deed Of Trust
related
$200,000 · Standard Federal Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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