Two-Story Office
For Sale
$400,000
18610 W 8 MILE Road, Southfield, MI 48075
COM/IND/BUS OPP, Southfield, MI
Property Size9,600 SF
Lot Size0.55 Acres
Price / SF$41.67
Days on Market48
Property Features for 18610 W 8 MILE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Southfield (63244)
Standard status
Active
APN
2435453032
Size
9,600 SF
Lot size
0.55 Acres
Utilities
Water source
Public
Building Details
Year built
1968
Listing Agency:
Century 21 Professionals · Century 21 Real Estate
(586) 731-8180
Listed By:
Ahmed Arafa · License #6506048224
(586) 215-1208
Added: Aug 20
Last Checked: Oct 6 at 7:06PM
MLS# 50219157
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1968, this 9,600-square-foot office property has two levels of functional and unfinished space. The first floor contains multiple private offices, including several rooms with existing water lines. The second floor remains unfinished and includes an area planned for a future elevator, allowing the interior layout to be customized. A separate 540-square-foot outbuilding expands the available improvements.
The property occupies 0.55 acres at 18610 W 8 MILE Road in Southfield, with public water service. Major expressways and nearby airports provide regional access. The building requires work and is offered in as-is condition, making its existing layout and unfinished upper level important considerations for future ownership or occupancy.
The property occupies 0.55 acres at 18610 W 8 MILE Road in Southfield, with public water service. Major expressways and nearby airports provide regional access. The building requires work and is offered in as-is condition, making its existing layout and unfinished upper level important considerations for future ownership or occupancy.
Key Highlights
- 9,600‑square‑foot, two‑story office building built in 1968
- 540‑square‑foot outbuilding on a 0.55‑acre site
- First floor includes multiple private offices
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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Private offices occupy the lower level, with existing water lines in several rooms and an unfinished upper floor.
Where is this office building located?
The property is located at 18610 W 8 MILE Road 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‑square‑foot, two‑story office building built in 1968; 540‑square‑foot outbuilding on a 0.55‑acre site; First floor includes multiple private offices
