20411 W 12 Mile Road Southfield, MI 48076
Southfield office building with 16,240 square feet available for sale.
Property Features for 20411 W 12 Mile Road
General Information
- Standard status
- Active
- Size
- 16,240 SF
- Property subtype
- Office
Building Details
- Year Built
- 1971
Listing office Friedman Real Estate (248) 848-4124
Listing date May 9, 2026
Source Crexi
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 Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Located at 20411 W 12 Mile Road, Southfield, MI 48076‑5008
- Built in 1971
Local Financial Insights For Office B
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 | $97.4k | $6.00 |
| − Vacancy | −$22.9k | −$1.41 |
| EGI | $74.5k | $4.59 |
| − OpEx | −$18.6k | −$1.15 |
| NOI | $55.9k | $3.44 |
