Furnished Coworking
For Sale
Contact for pricing
20800 Southfield Road 350110, Southfield, MI 48075
Move-in-ready workspace includes desks, chairs, Wi-Fi, mail handling, and access to a business lounge.
Property Size30,000 SF
Price / SF$0.02
Days on Market25
Property Features for 20800 Southfield Road 350110
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Property Use
Office
Amenities
High-speed Wi-Fi
business mailing address and mail handling
professional reception area
Business Lounge
daily cleaning and building maintenance
boardroom and video conferencing rentals
Building Details
Year Built
2002
Listing Agency:
Laramie International LLC
Listed By:
Ramez AbdulNour · License #6502395301
(248) 671-4973
Source:
Goodhomemi
Added: Oct 9
Changed: Nov 1
Last Checked: Nov 1 at 1:24AM
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 Laramie International LLC
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Investment Insights
Based on property information with market context.
Furnished coworking offices at 20800 Southfield Road offer desks and chairs, along with a business mailing address and mail handling. A professional reception area, business lounge, and Wi-Fi support day-to-day workspace needs. Daily cleaning and building maintenance are provided.
The property was built in 2002 and contains 30,000 square feet. Boardroom and video-conferencing rentals are available, and larger offices and suites can accommodate users seeking additional space. Salon uses are excluded.
The property was built in 2002 and contains 30,000 square feet. Boardroom and video-conferencing rentals are available, and larger offices and suites can accommodate users seeking additional space. Salon uses are excluded.
Key Highlights
- Furnished offices with desks and chairs
- 30,000‑square‑foot property built in 2002
- Business mailing address and mail handling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,275
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,500
$2.1M
Cap Rate 7%
$1,475,357
$1.5M
Cap Rate 9%
$1,147,500
$1.1M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$180.0K $6.00/SF
− Vacancy
−$42.3K −$1.41/SF
EGI
$137.7K $4.59/SF
− OpEx
−$34.4K −$1.15/SF
NOI
$103.3K $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%
$2,065,500
Cap Rate 7%
$1,475,357
Cap Rate 9%
$1,147,500
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,275 @ 7.0% cap · market cap 17,960.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.47M
$5.66M – $7.55M
NOI $452,952 @ 7.0% cap · market cap 78,774.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Coworking space - Move-in-ready workspace includes desks, chairs, Wi-Fi, mail handling, and access to a business lounge.
Where is this coworking space located?
The property is located at 20800 Southfield Road 350110 Southfield, MI.
What are key features of this property?
This property features: Furnished offices with desks and chairs; 30,000‑square‑foot property built in 2002; Business mailing address and mail handling
