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    Jason Stough, Southfield, MI

    License ID: 6501369973
    Signature Associates
    Association
    Commercial Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (734) 751-0569
    Office Address:
    One Towne Sq Ste 1200, Southfield, MI, 48076

    Performance

    Listings
    34

    Listings

    For Sale (2)

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    • Contact for pricing
      1,668 SF

      Downtown Farmington Office Opportunity

      Office space in vibrant downtown Farmington location for sale.
      23611 Liberty St, Farmington, MI 48335
      View Details
    • $850,000
      4,000 SF

      Redevelopment Opportunity on Ann Arbor

      Redevelopment opportunity on Ann Arbor Rd, Livonia.
      38165 Ann Arbor Rd, Livonia, MI 48150
      View Details

    For Lease (32)

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    • $7 SF/Yr
      12,609 SF

      High-Tech Oakland County Sublease

      12,609 SF Office/Warehouse/R&D
      39205 Country Club Dr, Farmington Hills, MI 48331
      View Details
    • $16 SF/Yr
      40,000 SF

      Plymouth Executive Office Suites

      Prime Office Space, Abundant Parking
      42171-42247 Ann Arbor Rd, Plymouth, MI 48170
      View Details
    • Contact for pricing
      7,345 SF

      Garden City Medical Office Building

      7,345 SF Medical Office Space For Lease
      32777 Warren Rd, Garden City, MI 48135
      View Details
    • $12 SF/Yr
      40,000 SF

      Livonia Executive Office Space

      Modern Office Suite, Ample Parking
      33200 Capitol St, Livonia, MI 48150
      View Details
    • $18 SF/Yr
      20,698 SF

      Executive Suites in Brighton, MI

      Prestigious office space, flexible layouts.
      2000 Grand River Anx, Brighton, MI 48114
      View Details
    • $15 SF/Yr
      12,000 SF

      Executive Office Space in Canton, MI

      12,000 SF Office, Ample Parking, Immediate Occupancy
      41150 Van Born Rd, Canton, MI 48188
      View Details
    • $12 SF/Yr
      23,264 SF

      Prime Wayne County Office Space

      Executive Suites, High Visibility, I-275 Corridor
      35100-35350 Michigan Ave, Wayne, MI 48184
      View Details
    • $16 SF/Yr
      8,884 SF

      Plymouth Executive Office Suites

      Modern Office Space, Ample Parking
      9401 General Dr, Plymouth, MI 48170
      View Details
    • $535 /Mo
      3,572 SF

      West Bloomfield Medical/Office Suites

      Medical/office suites available in desirable West Bloomfield location.
      5600 Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      3,600 SF

      Livonia Flex Space For Rent

      Renovated flex space with easy highway access in Livonia.
      37495-37515 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $7 SF/Yr
      8,483 SF

      Commerce Township Warehouse Space Available

      Warehouse space for rent with shared truckwell and ample parking.
      3275-3285 Martin Rd, Commerce Township, MI
      View Details
    • Contact for pricing
      6,465 SF

      Livonia Flex Space Available

      Move-in ready hi-tech suites in professionally managed complex.
      36917-36955 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $13 SF/Yr
      1,817 SF

      Livonia Flex Space For Rent

      Flex space in Livonia with easy access to highways.
      37519-37541 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • Contact for pricing
      8,451 SF

      Novi Corporate Center Industrial Space

      Industrial space in Novi's technology hub, near major expressways.
      41200-41218 Bridge St, Novi, MI 48375
      View Details
    • Contact for pricing
      4,311 SF

      Renovated Flex Space for Lease

      4,311 sq ft flex space with renovated office.
      39340 Country Club Dr, Farmington Hills, MI 48331
      View Details
    • $11 SF/Yr
      4,680 SF

      Livonia Flex/Industrial Space For Rent

      Flex/industrial space available for lease in Livonia, Michigan.
      11926-11950 Farmington Rd, Livonia, MI 48150
      View Details
    • $16 SF/Yr
      2,211 SF

      Plymouth Office Space Available

      Office suites with private entry near M-14/I-96 & I-275.
      9357 General Dr, Plymouth, MI 48170
      View Details
    • Contact for pricing
      2,500 SF

      Livonia Flex Space Available

      Professionally managed flex space near freeways in Livonia, Michigan.
      37545-37557 Schoolcraft Rd, Livonia, MI 48150
      View Details
    • $18 SF/Yr
      8,195 SF

      Updated Office Suites For Rent

      Modern office suites with park-like setting available for rent.
      2655 Oakley Park Rd, Commerce, MI
      View Details
    • $18 SF/Yr
      5,150 SF

      Medical Office in Renovated Building

      Move-in ready medical and pharmacy suites available for rent.
      32932 Warren Rd, Westland, MI 48185
      View Details
    • $12 SF/Yr
      5,924 SF

      Downtown Wayne Office Space Available

      Well-maintained office complex with Michigan Avenue frontage in Downtown Wayne.
      35100 E Michigan Ave, Wayne, MI 48184
      View Details
    • $11 SF/Yr
      4,850 SF

      Livonia Flex/Industrial Space For Rent

      Flex/industrial space available for lease in Livonia, Michigan.
      11900-11920 Farmington Rd, Livonia, MI 48150
      View Details
    • $18 SF/Yr
      6,253 SF

      Brighton Office Space For Rent

      Move-in ready office spaces in a well-maintained Brighton office park.
      2060 Grand River Anx, Brighton, MI 48114
      View Details
    • $16 SF/Yr
      3,400 SF

      Canton Office/Medical Suites For Rent

      Private entry suites with signage and ample parking available.
      6215 N Canton Center Rd, Canton, MI 48187
      View Details
    • $18 SF/Yr
      4,757 SF

      Brighton Office/Retail Space Available

      Move-in ready office or retail space in Brighton.
      2100 Grand River Anx, Brighton, MI 48114
      View Details
    • Contact for pricing
      5,550 SF

      Novi Hi-Tech/Office Flex Space

      Hi-tech/office flex space in Novi, close to major expressways.
      25873-25893 Meadowbrook Rd, Novi, MI 48375
      View Details
    • Contact for pricing
      15,050 SF

      Metro West Industrial Warehouse

      Industrial warehouse space available for lease in Plymouth, Michigan.
      45053 Five Mile Rd, Plymouth, MI 48170
      View Details
    • Contact for pricing
      2,580 SF

      Novi Flex Space Available

      Flex space with large windows and dedicated shipping courtyard.
      25901-25921 Meadowbrook Rd, Novi, MI 48375
      View Details
    • Contact for pricing
      6,377 SF

      Move-in Ready Office Near Downtown

      Well-maintained office building near downtown Plymouth with move-in ready suites.
      9401 General Dr, Plymouth, MI 48170
      View Details
    • Contact for pricing
      8,256 SF

      Office Suites on Orchard Lake

      Office suites available in Farmington Hills, from 373-4,105 sq. ft.
      26105 Orchard Lake Rd, Farmington Hills, MI 48334
      View Details
    • $15 SF/Yr
      12,000 SF

      Second Floor Office Space Available

      Clean, bright office space for lease with easy access.
      41150 Van Born Rd, Canton, MI 48184
      View Details
    • $15 SF/Yr

      Wayne Office Space For Rent

      Office units available for rent in Wayne, Michigan.
      35100 E Michigan Ave, Wayne, MI 48184
      View Details

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    Jason Stough, Southfield, MI
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Jason Stough, Southfield, MI
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