Property profile

37655 Interchange Dr Farmington Hills, MI 48335

FOR SALE
Industrial properties
Property ID
US43-4242638
27,664 SF 2.52 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,800-square-foot freestanding flex building in Farmington Hills, Michigan, presents a unique opportunity. Situated on a 2-acre lot at 37655 Interchange Dr, 48335, this single-story, 1986-built property offers a versatile layout ideal for various businesses. The building boasts 54% office space, thoughtfully designed with open work areas, two private offices, a large conference room, and two smaller conference rooms. The shop area is air-conditioned and features a 16-foot ceiling height, perfect for efficient operations. Loading is facilitated by one 12' x 14' grade-level door. Ample parking is available with 43 spaces. The property is zoned IRO, providing flexibility for a range of uses. Its prime location offers excellent freeway access via I-696, I-96, I-275, and M-5, easily reached through several major roadways. Signage opportunities on Halsted Road are also available. This property is ready for immediate occupancy and presents a compelling investment opportunity.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1984
Total area 27,664 SF
Lot 2.52 ac (109,641 SF)
APN 22-23-19-252-024
UPID US43-4242638

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
  • Apartment Building

Location

37655 Interchange Dr Farmington Hills, MI 48335
Farmington Hills metro Census 168700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.47M

Owner & transaction history

since 2022
Last sale
$1.4M
2 recorded transactions
2022
$1.4M
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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