This exceptional Class A office building, situated on 11.28 acres in Farmington Hills, Michigan, offers a variety of executive office suites. Built in 2002, the single, three-story building totals 182,280 square feet, with 52,975 square feet currently available. Units range from a minimum of 1,552 square feet to a maximum contiguous space of 12,182 square feet, providing flexibility for businesses of various sizes. The property boasts a convenient location with easy access to I-696 and M-5 Highway, ensuring seamless commutes for employees and clients. The building features on-site management for efficient operations and maintenance. The attractive setting is enhanced by a natural wooded environment. Nearby amenities include popular restaurants and coffee shops such as Panera Bread, Kerby's, and Starbucks, offering convenience and options for employees and visitors. The property is zoned for office use and has an Oakland County APN of 23-17-101-025. This prime location in the Farmington Hills submarket makes it an ideal choice for businesses seeking a prestigious and functional workspace. The address is 27555 Executive Drive, Farmington Hills, MI 48331-3554.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$28,441,336
6.5%
$26,253,540
7%
$24,378,288
Comparable approach
Method
Valuation
Relative Method
$15,540,829
Geo Method
$15,540,829
Alternative Use
Use
Valuation
Residential
$32,554,390
Hospitality
$29,819,646
Educational
$24,809,596
Medical
$25,662,836
Retail
$38,592,704
Location Insight
City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.4961
Longitude
-83.4158
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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