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Property profile & analytics
FOR LEASE
Office buildings

37899 W 12 Mile Rd Farmington Hills, MI 48331

6,480 SF 0.47 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US43-0776354
37899 W 12 Mile Rd, Farmington Hills, MI 48331 For Lease
$14.48 SF/Yr 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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.62M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.51M
Owner & transaction history
Som Properties LLC · 3 yrs held
Som Properties LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.5M +95.3%
Commercial (general) $1.1M +47.4%
Restaurant $1.1M +44.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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