Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37000 Grand River Ave Farmington Hills, MI 48335

    • Office buildings
    • 81,608 SF
    • 5.15 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1316231
    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.

    Current Use by Public Records

    • EPLAN Software & Services / (Bike/Boat/Book/etc) Store / Corporate Office
    • Global IT Solutions / (Bike/Boat/Book/etc) Store / Corporate Office
    • I.T. Basics, L.L.C. / Marketing & Advertising / Advertising Agency
    • Adapt Studios / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Landry, Mazzeo & Dembinski PC / Law Firm

    Property Details for 37000 Grand River Ave

    Year built
    1985
    Lot size
    5.15 lot acres
    Property size
    81,608 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    22-23-20-300-030
    APU
    222320300030

    Description

    This exceptional Class A office building, located at 37000 Grand River in Farmington Hills, Michigan, offers a sophisticated and sensible workspace solution. The 81,423 square foot building, situated on a 5.15-acre lot, underwent renovations in 2017, complementing its original 1986 architecture with modern improvements. Multiple tenancy options are available, with spaces ranging from a minimum of 1,678 square feet to a maximum contiguous space of 4,599 square feet. Currently, 10,826 square feet of space is vacant and ready for immediate occupancy. The building boasts three stories and ample parking with 305 spaces. Its convenient location in Oakland County, with a Farmington Hills zip code of 48335, provides easy access for employees and clients. The property is zoned for office use (APN: 23-20-300-030) and offers the style, accessibility, comfort, and amenities necessary for forward-thinking businesses. This is an excellent opportunity to secure prime office space in a thriving Michigan market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,995,000
      6.5%
      $4,610,000
      7%
      $4,280,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,781,000
      Market price range: $2.28M - $8.46M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4141
    Latitude
    42.4693
    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
    $130,327
    $695,020
    $3,124,320
    $3,819,340
    -
    $1,390,040
    $6,248,640
    $7,638,680

    Comparable in this City

    • Value Estimation by Request
      1,925 SF

      23917 Cass Ave

      OFFICE BUILDING • 1,925 SF
      23917 Cass Ave, Farmington, MI 48335-3402
      View Details
    • Value Estimation
      $1,010,000
      10,138 SF

      33431 Grand Riv Ave

      OFFICE BUILDING • 10,138 SF
      33431 Grand Riv Ave, Farmington, MI 48335-3521
      View Details
    • Value Estimation by Request
      1,127 SF

      33708 Grand Riv Ave

      OFFICE BUILDING • 1,127 SF
      33708 Grand Riv Ave, Farmington, MI 48335-3428
      View Details
    • Value Estimation by Request
      4,320 SF

      23629 Liberty St

      OFFICE BUILDING • 4,320 SF
      23629 Liberty St, Farmington, MI 48335-3568
      View Details
    • Value Estimation by Request
      1,655 SF

      33432 Oakland St

      OFFICE BUILDING • 1,655 SF
      33432 Oakland St, Farmington, MI 48335-3537
      View Details
    • Value Estimation by Request
      1,644 SF

      24620 Hathaway St

      OFFICE BUILDING • 1,644 SF
      24620 Hathaway St, Farmington Hills, MI 48335-1547
      View Details

    Similar Nearby for Sale

    • $370,000
      1,668 SF

      Downtown Farmington Office Opportunity

      Office space in vibrant downtown Farmington location for sale.
      23611 Liberty St, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex/Industrial/Office Space

      Flex, industrial, and office space with freeway access in Farmington Hills.
      37483 Interchange Dr, Farmington, MI 48335
      View Details
    • $1,537,500
      12,300 SF

      Farmington Hills Industrial Property

      12,300 SF Office/Warehouse, $1.5M
      24351 Indoplex Cir, Farmington Hills, MI 48335
      View Details
    • $395,000
      1,668 SF

      23611 Liberty St

      Office Properties & Spaces • 1,668 SF
      23611 Liberty St, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex/Office Property

      Flex/office property with freeway access in Farmington Hills, Michigan.
      37483 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • Contact for pricing
      9,800 SF

      Freestanding Flex Building For Sale

      Freestanding flex building with excellent freeway access and signage.
      37655 Interchange Dr, Farmington, MI 48335
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo

      Grand River Avenue Retail/Office Space

      Retail and office spaces available for lease on Grand River.
      33419 Grand River Ave, Farmington, MI 48335
      View Details
    • Contact for pricing
      16,284 SF

      Farmington Hills Flex Space Available

      Flex space with great freeway access and signage opportunities.
      37483 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • Contact for pricing
      9,800 SF

      Freestanding Flex Building For Lease

      Freestanding flex building with office and shop space available.
      37655 Interchange Dr, Farmington Hills, MI 48335
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces with prominent signage and private entrances.
      Farmington, MI 48335
      View Details
    • $22 SF/Yr
      81,423 SF

      Farmington Hills Executive Office Space

      Class A Office Suites, 1,678-4,599 SF Available
      37000 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease in Farmington, Michigan.
      33900 8 Mile Rd, Farmington, MI 48335
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37000 Grand River Ave
    Farmington Hills, MI 48335
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.