Southfield Office Building for
For Sale
$1,775,000
20411 W 12 Mile Road, Southfield, MI 48076
Southfield office building with 16,240 square feet available for sale.
Property Size16,240 SF
Price / SF$109.30
Days on Market144
Property Features for 20411 W 12 Mile Road
General Information
Standard status
Active
Size
16,240 SF
Total Parking Spaces
106
Property subtype
Office
Zoning
OS
Building Details
Building Size
16,240 SF
Year Built
1971
Year Renovated
2021
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Todd Hawley · License #6501265610
(248) 210-5219
Source:
Friedmanrealestate
Added: May 16
Changed: Sep 22
Last Checked: Oct 5 at 3:33PM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
The property located at 20411 W 12 Mile Road, Southfield, MI 48076-5008 is available for sale. This commercial real estate offering includes office buildings and office spaces. The property features a total size of 16,240 square feet.
Key Highlights
- Located at 20411 W 12 Mile Road, Southfield, MI 48076‑5008
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,906
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,120
$1.1M
Cap Rate 7%
$798,657
$798.7K
Cap Rate 9%
$621,178
$621.2K
Market Conditions
NOI Build-Up for 16,240 SF
Gross rent
$97.4K $6.00/SF
− Vacancy
−$22.9K −$1.41/SF
EGI
$74.5K $4.59/SF
− OpEx
−$18.6K −$1.15/SF
NOI
$55.9K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,118,120
Cap Rate 7%
$798,657
Cap Rate 9%
$621,178
Alternative Uses
Best Use
Office B
$798.7K
$698.8K – $931.8K
NOI $55,906 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.50M
$3.06M – $4.09M
NOI $245,198 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 48076, MI
26,062
Population
11,016
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
3,671
Density / Sq Mi
$85,171
Median Household Income
$50,210
Median Earnings
$1,451
Median Rent
$251,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Southfield office building with 16,240 square feet available for sale.
Where is this office building located?
The property is located at 20411 W 12 Mile Road Southfield, MI.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Located at 20411 W 12 Mile Road, Southfield, MI 48076‑5008; Built in 1971
