Two-Story Professional Office
17000 W 12 Mile Rd, Southfield, MI 48076
For Sale
$799,999
Functional commercial building with monument signage, on-site parking, and access to major area routes.
Property Size8,400 SF
Price / SF$95.24
Days on Market94
Property Features for 17000 W 12 Mile Rd
General Information
Standard status
Size
Class
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Robert Gojcaj · License MI #6501377415
(586) 907-7155
Source:
Corfac
Added: Aug 9
Changed: Nov 1
Last Checked: Nov 10 at 7:31AM
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 L. Mason Capitani, Inc.
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Investment Insights
Based on property information with market context.
This two-story professional office building contains 8,400 square feet and was built in 1969. The layout supports professional office, medical, and administrative functions, with monument signage and on-site parking serving the property. Its configuration is suitable for an owner-user or investor seeking an established office asset.
The building fronts Twelve Mile Road in Southfield, providing exposure along a major local corridor. Access to I-696, Telegraph Road, and Northwestern Highway connects the property with surrounding commercial areas and regional transportation routes.
The building fronts Twelve Mile Road in Southfield, providing exposure along a major local corridor. Access to I-696, Telegraph Road, and Northwestern Highway connects the property with surrounding commercial areas and regional transportation routes.
Key Highlights
- 8,400‑square‑foot professional office building
- Two‑story layout suitable for office, medical, or administrative use
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,917
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,340
$578.3K
Cap Rate 7%
$413,100
$413.1K
Cap Rate 9%
$321,300
$321.3K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$50.4K $6.00/SF
− Vacancy
−$11.8K −$1.41/SF
EGI
$38.6K $4.59/SF
− OpEx
−$9.6K −$1.15/SF
NOI
$28.9K $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%
$578,340
Cap Rate 7%
$413,100
Cap Rate 9%
$321,300
Alternative Uses
Best Use
Office B
$413.1K
$361.5K – $482.0K
NOI $28,917 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.59M – $2.11M
NOI $126,827 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
$251,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Southfield, MI
Properties on Market for Office buildings in Southfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Functional commercial building with monument signage, on-site parking, and access to major area routes.
Where is this office building located?
The property is located at 17000 W 12 Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 8,400‑square‑foot professional office building; Two‑story layout suitable for office, medical, or administrative use; Built in 1969
