37899 12 Mile RdFarmington Hills, MI 48331

Property Details for 37899 12 Mile Rd

Year built

1987

Lot size

0.47 AC

Property size (Sq ft)

6,480 SF

Zone code

KI

Property type

Office buildings

APN

22-23-18-200-055

APU

222318200055

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,109,298

  6.5%

  $1,023,967

  7%

  $950,827

• Comparable approach

  Method

  Valuation

  Relative Method

  $606,139

  Geo Method

  $606,139

• Alternative Use

  Use

  Valuation

  Residential

  $1,269,719

  Hospitality

  $1,163,056

  Educational

  $967,649

  Medical

  $1,000,928

  Retail

  $1,505,232

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.4967

Longitude

-83.4216

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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