35055 12 Mile RdFarmington Hills, MI 48331

Property Details for 35055 12 Mile Rd

Year built

1984

Lot size

3.85 AC

Property size (Sq ft)

70,802 SF

Zone code

BI

Property type

Office buildings

APN

22-23-16-101-006

APU

222316101006

Description

Drake Pointe Office Building, located at 35055 W Twelve Mile Road in Farmington Hills, Michigan, presents a prime opportunity for businesses seeking executive office space. This Class B building, totaling 70,000 square feet, offers 15,011 square feet of immediately available space within a multi-tenant environment. Constructed in 1985 and renovated in 1996, the building is situated on a generous 3.85-acre lot. The property's location within the Farmington Hills submarket of Oakland County provides excellent access to major transportation routes and amenities. The available space is ideal for a variety of businesses seeking a well-maintained and established office environment. The building's executive office subtype caters to businesses requiring a professional and sophisticated setting. This is a rare opportunity to secure significant space in a desirable location. The property's size and location make it suitable for a range of business needs, from small to medium-sized enterprises. Interested parties are encouraged to inquire about lease terms and availability. The zip code for this property is 48331. This listing presents a chance to establish a presence in a thriving business community. The building's history and recent renovations ensure a functional and updated workspace. The ample lot size provides ample parking and potential for future expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $12,120,449

  6.5%

  $11,188,106

  7%

  $10,388,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,622,819

  Geo Method

  $6,622,819

• Alternative Use

  Use

  Valuation

  Residential

  $13,873,252

  Hospitality

  $12,707,824

  Educational

  $10,572,760

  Medical

  $10,936,374

  Retail

  $16,446,516

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4974

Longitude

-83.3966

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].