34405 12 Mile RdFarmington Hills, MI 48331

Property Details for 34405 12 Mile Rd

Year built

1985

Lot size

8.18 AC

Property size (Sq ft)

141,164 SF

Zone code

KI

Property type

Office buildings

APN

22-23-16-104-012

APU

222316104012

Description

This exceptional Farmington Hills office property, Arboretum Office Park - Building One, presents a unique investment opportunity. Located at 34405 W 12 Mile Rd, in Oakland County, Michigan, 48331, this 123,238 square foot building offers a variety of flexible spaces, ideal for businesses seeking executive or creative office environments. The property boasts a significant amount of vacant space, totaling 58,137 square feet, divisible into units as small as 553 square feet, or up to a contiguous 40,707 square feet, providing scalability for businesses of all sizes. Built in 1986, the building is zoned OS-4 and sits on a generous 8.27-acre lot. Ample parking is available with approximately 4.1 spaces per unit. The property's location in Farmington Hills offers easy access to major transportation routes and amenities. This multi-tenant building provides a professional atmosphere suitable for a wide range of businesses. The property's size and flexibility make it an attractive option for companies seeking expansion or relocation in a thriving Oakland County market. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $24,165,574

  6.5%

  $22,306,684

  7%

  $20,713,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,204,481

  Geo Method

  $13,204,481

• Alternative Use

  Use

  Valuation

  Residential

  $27,660,288

  Hospitality

  $25,336,676

  Educational

  $21,079,816

  Medical

  $21,804,784

  Retail

  $32,790,826

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4965

Longitude

-83.3922

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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