Financial
Distress signals
Property profile

38275 W 12 Mile Rd Farmington Hills, MI 48331

FOR LEASE
Office buildings
Property ID
US43-0178824
36,118 SF 2.55 ac lot Built 2000
Last sale Jan 2022 · $4,650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A professionally managed two-story office building is located west of Halsted Road, with access to M-5 and I-696. The building provides office space that is configured to accommodate suites ranging from approximately 3,000 to 6,145 square feet. A first-floor suite features convenient parking access and a prominent suite entry.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$93k
Tax billed · 2023
Assessed value · 2024$1.99M
Assessed land$359k
Assessed improvement$1.63M
Effective rate4.69%

Value estimate

· Sep 2026
$4.83M
$4.35M – $5.31M
AI approach$4.81M
Submarket $/SF estimate$3.66M
NOI build-up
Gross scheduled income$212k
Vacancy & credit loss−$50k
Operating expenses−$41k
NOI · 718,253.69% cap applied$122k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$120/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$92 – $151

Cap rate analysis

How does the asset earn?
718,253.69%
$122k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.8
Bakery9.1
Electrical Service9.1

Location

38275 W 12 Mile Rd Farmington Hills, MI 48331
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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