Two-Story Office
For Sale
Contact for pricing
18610 W 8 Mile, Southfield, MI 48075
Office property with private rooms, first-floor water lines, and unfinished upper-level space for customization.
Property Size9,600 SF
Price / SF$41.67
Days on Market57
Property Features for 18610 W 8 Mile
General Information
Standard status
Active
Size
9,600 SF
Elevators
No
Property subtype
Special Purpose
Property Condition
Severity
Repairs Needed
Evidence
needs some work
Additional Details
Highway Access
Yes
Building Details
Year Built
1968
Buildings
2
Stories
2
Building Size
9,600 SF
Listing Agency:
CENTURY 21 Town & Country Realty Utica
Listed By:
AHMED ARAFA · License #6506048224
(586) 215-1208
Source:
Crexi
Added: Aug 21
Changed: Oct 11
Last Checked: Oct 14 at 7:51PM
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 CENTURY 21 Town & Country Realty Utica
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Investment Insights
Based on property information with market context.
Built in 1968, this two-story office property contains approximately 9,600 square feet, along with a separate 540-square-foot outbuilding. The first floor is divided into multiple private offices, and several rooms have existing water lines that may support medical, dental, or other professional office configurations. The upper floor remains unfinished and includes space designed for a future elevator.
The property is being sold AS-IS and requires work. It offers access to major expressways and nearby airports, with land contract terms available. The building can accommodate office uses ranging from professional services to medical and dental operations, subject to applicable requirements.
The property is being sold AS-IS and requires work. It offers access to major expressways and nearby airports, with land contract terms available. The building can accommodate office uses ranging from professional services to medical and dental operations, subject to applicable requirements.
Key Highlights
- 9,600 sq. ft. two‑story office building plus a 540 sq. ft. outbuilding
- Multiple private offices on the first floor
- Several first‑floor offices include existing water lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,048
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,960
$661.0K
Cap Rate 7%
$472,114
$472.1K
Cap Rate 9%
$367,200
$367.2K
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$57.6K $6.00/SF
− Vacancy
−$13.5K −$1.41/SF
EGI
$44.1K $4.59/SF
− OpEx
−$11.0K −$1.15/SF
NOI
$33.0K $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%
$660,960
Cap Rate 7%
$472,114
Cap Rate 9%
$367,200
Alternative Uses
Best Use
Healthcare Medical
$1.86M
$1.62M – $2.17M
NOI $129,911 @ 7.0% cap · market cap 32.48%
Second Best
Office B
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 8.26%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,945 @ 7.0% cap · market cap 36.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 48075, MI
22,967
Population
10,757
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
95%
High-School Grad
7.3 sq mi
ZIP Area
3,146
Density / Sq Mi
$67,630
Median Household Income
$43,417
Median Earnings
$1,284
Median Rent
$218,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property with private rooms, first-floor water lines, and unfinished upper-level space for customization.
Where is this office building located?
The property is located at 18610 W 8 Mile Southfield, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 9,600 sq. ft. two‑story office building plus a 540 sq. ft. outbuilding; Multiple private offices on the first floor; Several first‑floor offices include existing water lines
