31000 Northwestern HwyFarmington Hills, MI 48334

  • Office buildings
  • 36,240 SF
For Lease
$18/SF/YR View listing

Property Details for 31000 Northwestern Hwy

Year built
1986
Lot size
2.02 AC
Property size (Sq ft)
36,240 SF
Zone code
BI
Property type
Office buildings
APN
22-23-01-378-017
APU
222301378017

Description

This exceptional Class A office space, located at 31000 Northwestern Highway in Farmington Hills, Michigan, offers multiple tenancy options within a 13,000 square foot building. Currently, there are two available suites ranging from 1,580 to 2,673 square feet. The property is situated in Oakland County, offering convenient access to major thoroughfares and amenities. Ideal for businesses seeking a prestigious address and modern workspace, this executive office space boasts a prime location in a thriving commercial area. The building's Class A designation reflects its high-quality construction, modern amenities, and professional atmosphere. With a total of 13,000 square feet, the building provides ample space for various business needs. The available suites provide flexibility for businesses of different sizes, offering a range of options to accommodate specific requirements. The address, 31000 Northwestern Highway, 48334, ensures excellent visibility and accessibility for clients and employees. This is an unparalleled opportunity to establish your business in a highly desirable location within a well-maintained and professionally managed building. Contact us today to schedule a viewing and explore the possibilities of making this exceptional space your new office home.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,203,851
    6.5%
    $5,726,632
    7%
    $5,317,586
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,389,890
    Geo Method
    $3,389,890
  • Alternative Use

    Use
    Valuation
    Residential
    $7,101,023
    Hospitality
    $6,504,499
    Educational
    $5,411,667
    Medical
    $5,597,782
    Retail
    $8,418,149
31000 Northwestern Hwy, Farmington Hills, Michigan

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.5152
Longitude
-83.3322
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
$58,628
$290,080
$1,699,880
$1,989,960
-
$580,160
$3,399,760
$3,979,920

FAQs

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