Well-Maintained Office Building For
24710 West Eleven Mile Road Southfield, MI 48034
For Sale
$1,200,000
Corporate-owned office building suitable for owner-occupant with easy freeway access.
Property Size24,000 SF
Price / SF$50
Days on Market125
Property Features for 24710 West Eleven Mile Road
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Office
Listing Agency:
CBRE | Detroit
(248) 351-2039
Listed By:
Brendan George · License #6502401928
(248) 351-2039
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Jul 27 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Detroit
Investment Insights
Based on property information with market context.
This well-maintained corporate-owned asset, totaling 24000 square feet, is ideally suited for an owner-occupant. The property benefits from its location, which provides convenient freeway access. Existing furniture can be made available.
Key Highlights
- Ideally located with easy freeway access
- Well‑maintained corporate owned asset
- Ideal for owner‑occupant
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.0k | $6.00 |
| − Vacancy | −$33.8k | −$1.41 |
| EGI | $110.2k | $4.59 |
| − OpEx | −$27.5k | −$1.15 |
| NOI | $82.6k | $3.44 |
24,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,620 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.18M
$4.53M – $6.04M
NOI $362,362 @ 7.0% cap · market cap 30.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Corporate-owned office building suitable for owner-occupant with easy freeway access.
Where is this office building located?
The property is located at 24710 West Eleven Mile Road Southfield, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Ideally located with easy freeway access; Well‑maintained corporate owned asset; Ideal for owner‑occupant
