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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    39340 Country Club Dr Farmington Hills, MI 48331

    • Manufacturing properties
    • 11,922 SF
    • 1.17 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Aug 05, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1020628
    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

    • Manufacturing properties

    Property Details for 39340 Country Club Dr

    Year built
    1998
    Lot size
    1.17 lot acres
    Property size
    11,922 SF
    Zone code
    II
    Property type
    Manufacturing properties
    APN
    22-23-18-101-011
    APU
    222318101011

    Description

    This exceptional 11,922-square-foot industrial property, located at 39340 Country Club Drive in Farmington Hills, Michigan, presents a unique opportunity. The single-story building, renovated in 1997, features a flexible design ideal for research and development or general flex use. The entire 11,922 square feet is currently available for lease, offering ample space for a variety of businesses. The property boasts a 16-foot ceiling height, two dock-high doors, and 48 parking spaces (a ratio of 4.1 per 1,000 square feet). Situated on a 1.17-acre lot, the building is zoned IRO and is conveniently located in Oakland County, with easy access to major roadways including M-5 and I-696 via 12 Mile Road. A portion of the space includes approximately 1,311 square feet of warehouse space with a 12' x 14' grade-level door. The office area will undergo renovations before occupancy. The property benefits from a new HVAC system, ensuring a comfortable and efficient workspace. The property is fully air-conditioned and ready for occupancy beginning January 1, 2025. This prime location offers unparalleled convenience and accessibility for businesses seeking a modern and functional space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $985,000
      6.5%
      $910,000
      7%
      $845,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $965,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4354
    Latitude
    42.495
    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
    $14,064
    $84,090
    $535,480
    $619,570
    -
    $168,180
    $1,070,960
    $1,239,140

    Comparable in this City

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    • Value Estimation
      $4,220,000
      101,817 SF

      38755 Hls Tech Dr

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      Halsted Rd & Drake Rd

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      39001 Sunrise Dr

      INDUSTRIAL (GENERAL)
      39001 Sunrise Dr, Farmington Hills, MI 48331-3487
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      1.65 Acres

      35600 12th Mile Rd

      INDUSTRIAL (GENERAL) • 1.65 Acres
      35600 12th Mile Rd, Farmington Hills, MI 48331
      View Details
    • Value Estimation
      $21,370,000
      507,334 SF

      39001 Sunrise Dr

      INDUSTRIAL (GENERAL) • 507,334 SF
      39001 Sunrise Dr, Farmington Hills, MI 48331-3487
      View Details

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    • Contact for pricing
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      Prime Farmington Hills Medical Office Condo

      11,090 SF Medical Office Condo - $1.3M
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      Residential Land in Farmington Hills

      Vacant land perfect for building a dream home.
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      Residential Land in Farmington Hills

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    Similar Nearby for Lease

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      Farmington Hills Executive Office Suites

      Prime Office Space, Flexible Layouts Available
      39303 Country Club Dr, Farmington Hills, MI 48331
      View Details
    • Contact for pricing
      66,036 SF

      Farmington Hills Industrial Flex Space

      66,036 SF Flex Space Available
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    • $11 SF/Yr
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      Industrial Space for Lease

      Industrial property available for lease in Farmington Hills, Michigan.
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    • $13 SF/Yr
      4,311 SF

      Renovated Flex Space for Lease

      4,311 sq ft flex space with renovated office.
      39340 Country Club Dr, Farmington Hills, MI 48331
      View Details
    • $11 SF/Yr
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      Farmington Hills Industrial Flex Space

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      View Details
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    Farmington Hills, MI 48331
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    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
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