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Farmington Medical Arts

Off-Market

23800 Orchard Lake Road, Farmington Hills, MI 48336

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  • Property Type Office - Medical Office
  • Property Size 35,120 SF
  • Lot Size 2 Acre
  • Parking Spaces Avail. 147
  • Parking Ratio 4.20/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1979

Location

  • Walk Score ® Somewhat Walkable (55)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48336
  • Market Detroit

Points of Interest

CDM Transport LLC

9.34 miles

Troy

9.89 miles

Shell

0.22 miles

Marathon

0.70 miles

Sunoco

0.80 miles

Citgo

0.95 miles

BP

0.98 miles

BP

1.00 miles

Shell

1.13 miles

Marathon

1.23 miles

Sunoco

1.36 miles

Speedy

1.66 miles

Public Parking

0.86 miles

Public Parking

0.87 miles

Public Parking

0.94 miles

Public Parking

1.00 miles

Public Parking

1.00 miles

Public Parking

1.02 miles

Public Parking

1.06 miles

Public Parking

1.10 miles

Public Parking

1.13 miles

Lot 1A

1.78 miles

Park Motel of Farmington

1.03 miles

Grand Tulane Motel

1.61 miles

Extended Stay America

2.08 miles

Fairfield Inn

2.10 miles

Comfort Inn

2.10 miles

Radisson Hotel Detroit-Farmington Hills

2.13 miles

Courtyard by Marriott

2.20 miles

Residence Inn by Marriott Detroit Farmington Hills

2.24 miles

Knights Inn Farmington Hill

3.14 miles

Holiday Inn Hotel & Suites

3.18 miles

McDonald's

0.08 miles

2 Rose's Family Restaurant

0.13 miles

Domino's

0.14 miles

Greene's Hamburgers

0.18 miles

Village Grill

0.21 miles

Jimmy John's

0.23 miles

The Brass Pointe

0.24 miles

Beijing Garden

0.57 miles

Antonio's Pizzeria

0.61 miles

Wendy's

0.65 miles

Farmington High School

0.32 miles

Lanigan Elementary School

0.51 miles

School of Rock

0.65 miles

Our Lady of Sorrows School

0.65 miles

Farmington Community School

0.76 miles

C Robert Maxfield Training Center (former)

0.87 miles

Alameda Early Childhood Center

0.96 miles

Visions Unlimited

1.10 miles

East Middle School

1.31 miles

Michigan School of Professional Psychology

1.66 miles

The Learning Experience

0.22 miles

Tutor Time

0.37 miles

Country Hills Montessori

0.42 miles

KinderCare

1.13 miles

Minto's Casa

2.65 miles

Childtime Learning

3.52 miles

The Learning Tree Child Care Center - North

3.64 miles

KinderCare Learning Center

4.35 miles

Everbrook Academy of West Bloomfield

4.89 miles

Livonia Little Tots

5.09 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 19 Mar, 1999
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Farmington Hills

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Farmington Hills Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.82
  • 2020 Office Vacancy Rate 15.28%
  • 2020 Office Completions (SF)
View more Farmington Hills market trends

Tax

  • Market Value* $2,149,100
  • Assessed Value $2,149,100

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Farmington Medical Arts?

Farmington Medical Arts totals 35,120 square feet.

When was this property built?

Farmington Medical Arts was built in 1979.

When was Farmington Medical Arts last sold?

Farmington Medical Arts was last sold on 19 Mar, 1999.

What is the market value for Farmington Medical Arts?

The market value* for Farmington Medical Arts in 2021 was $2,149,100.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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