Single-Tenant Medical Office
20180 W 12 Mile Rd Southfield, MI 48076
20180 W 12 Mile Rd, Southfield, MI, 48076
$2,000,000
For Sale
$2,000,000
Well-maintained medical office building with a single-tenant NNN lease and ample parking.
Property Size9,052 SF
Price / SF$220.95
Days on Market44
Property Features for 20180 W 12 Mile Rd
General Information
- Standard status
- Active
- Size
- 9,052 SF
- Property subtype
- Office
Listing agency
Newmark Knight Frank Detroit
(313) 622-3634
Listed by
JP Champine
(313) 622-3634
Source
Cpix.resimplifi
Added: Jun 8 Updated: Jul 20 at 7:40PM Checked: Jul 21 at 3:05AM
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 Newmark Knight Frank Detroit
Investment Insights
Based on property information with market context.
This well-maintained medical office building is offered with a single-tenant NNN lease structure. The property is designed for straightforward management and presents as an attractive, easily handled medical office asset.
Located at 20180 W 12 Mile Rd in Southfield, the building is centrally located with convenient access to I-696, including access off the Evergreen exit. Ample parking supports patient and staff arrivals, and the property benefits from its proximity to Corewell Health Royal Oak as well as nearby retail.
The offering is positioned as a managed, income-oriented medical office property under a single-tenant arrangement.
Located at 20180 W 12 Mile Rd in Southfield, the building is centrally located with convenient access to I-696, including access off the Evergreen exit. Ample parking supports patient and staff arrivals, and the property benefits from its proximity to Corewell Health Royal Oak as well as nearby retail.
The offering is positioned as a managed, income-oriented medical office property under a single-tenant arrangement.
Key Highlights
- Single‑tenant medical office building with a NNN lease
- Net operating income of $160,000.00
- Well‑maintained, easily managed building
Local Financial Insights For Healthcare Medical
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 | $228.1k | $25.20 |
| − Vacancy | −$24.0k | −$2.65 |
| EGI | $204.2k | $22.55 |
| − OpEx | −$81.7k | −$9.02 |
| NOI | $122.5k | $13.53 |
9,052 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,495 @ 7.0% cap · market cap 6.12%
Second Best
Office B
$445.2K
$389.5K – $519.4K
NOI $31,162 @ 7.0% cap · market cap 1.56%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,671 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- 9 Tel Animal Hospital — 17630 W 12 Mile Rd, Southfield, MI 48076
- North Branch Animal Hospital — 17630 W 12 Mile Rd, Southfield, MI 48076
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical office building with a single-tenant NNN lease and ample parking.
Where is this medical office space located?
The property is located at 20180 W 12 Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Single‑tenant medical office building with a NNN lease; Net operating income of $160,000.00; Well‑maintained, easily managed building
