Property profile

37899 W 12 Mile Rd Farmington Hills, MI 48331

FOR LEASE
Office buildings
Property ID
US43-0776354
6,480 SF 0.47 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
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37899 W 12 Mile Rd, Farmington Hills, MI 48331 For Lease
Contact for pricing 4,005 SF available
37899 W 12 Mile Rd, Farmington Hills, MI 48331
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Property summary

AI-generated overview

This exceptional Farmington Hills office property, Park on the Green, presents a fantastic opportunity for businesses seeking versatile and well-located space. The single, three-story building, constructed in 1987, offers a total of 16,554 square feet of Class B office space. Currently, there are several suites available, ranging in size from 1,175 square feet to 4,005 square feet, perfect for a variety of business needs. The property boasts 68 convenient parking spaces for employees and clients, and features elevators for easy access to all three floors. Located at 37899 W 12 Mile Rd, Farmington Hills, MI 48331, this property enjoys a desirable location in Oakland County, offering easy access to major thoroughfares including I-696 and I-275. The OS1 zoning ensures flexibility for various business types. The quiet setting within a professional office park provides a peaceful and productive work environment, while the proximity to numerous lunch options adds to its convenience. This is an excellent opportunity to establish your business in a well-maintained and strategically located office building. The property's multiple suite availability allows for scalability and flexibility to accommodate businesses of varying sizes. Don't miss this chance to secure your ideal office space in this thriving Michigan community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 6,480 SF
Lot 0.47 ac (20,473 SF)
Zoning code KI
APN 22-23-18-200-055
UPID US43-0776354

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
  • Industrial Manufacturer Production Facility
  • Physician Medical Clinic
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Physician Medical Clinic
  • Alternative Medicine Practice

Location

37899 W 12 Mile Rd Farmington Hills, MI 48331
Farmington Hills metro Census 168700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.62M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M

Owner & transaction history

since 2023
Last sale
$1.5M
7 recorded transactions
2023
$1.5M
2023
Price N/A
2021
Price N/A
2016
Price N/A
2004
Price N/A
2004
Price N/A
2004
$2.2M

Zoning & alternative use

KI · Farmington Hills, MI
Top alternative use upside
Retail stores $1.5M +95.3%
Commercial (general) $1.1M +47.4%
Restaurant $1.1M +44.8%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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