Manufacturing Building with 480
For Sale
$899,999
20901 Lahser Rd # 1, Southfield, MI 48033
I-L-zoned industrial space with clear heights and new HVAC supports manufacturing operations.
Property Size14,860 SF
Days on Market118
Property Features for 20901 Lahser Rd # 1
General Information
Standard status
Active
Size
14,860 SF
Property subtype
Industrial
Zoning
I-L
Warehouse & Industrial
Clear Height
23 ft
Power
480 amps
Building Details
Building Size
14,860 SF
Year Built
2000
Listing Agency:
Altitude Commercial Real Estate
Listed By:
Marcus Sheker · License #6501447435
(248) 535-9495
Source:
Altitudecre
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 19 at 4:09AM
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 Altitude Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 14,860 SF manufacturing building provides an industrial configuration with 23ft/20ft clear ceiling heights and 15 tons of brand-new HVAC. The property includes 480 Amps of electrical service and was built in 2000, supporting a range of manufacturing and industrial operations.
The building is situated within a well-maintained central business park in Southfield, with neighboring businesses located throughout the park. I-L zoning further identifies the property for industrial use. The combination of building scale, ceiling clearance, HVAC capacity, and electrical service creates a functional setting for an owner-user or industrial occupant.
The building is situated within a well-maintained central business park in Southfield, with neighboring businesses located throughout the park. I-L zoning further identifies the property for industrial use. The combination of building scale, ceiling clearance, HVAC capacity, and electrical service creates a functional setting for an owner-user or industrial occupant.
Key Highlights
- 14,860 SF manufacturing building
- 23ft/20ft clear ceiling heights
- 15 tons of brand‑new HVAC installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,626
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,520
$1.5M
Cap Rate 7%
$1,051,800
$1.1M
Cap Rate 9%
$818,067
$818.1K
Market Conditions
NOI Build-Up for 14,860 SF
Gross rent
$109.2K $7.35/SF
− Vacancy
−$4.0K −$0.27/SF
EGI
$105.2K $7.08/SF
− OpEx
−$31.6K −$2.12/SF
NOI
$73.6K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,520
Cap Rate 7%
$1,051,800
Cap Rate 9%
$818,067
Alternative Uses
Best Use
Industrial
$1.05M
$920.3K – $1.23M
NOI $73,626 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.21M
$2.80M – $3.74M
NOI $224,362 @ 7.0% cap · market cap 24.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
23 ft
Clear height
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - I-L-zoned industrial space with clear heights and new HVAC supports manufacturing operations.
Where is this manufacturing property located?
The property is located at 20901 Lahser Rd # 1 Southfield, MI.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 14,860 SF manufacturing building; 23ft/20ft clear ceiling heights; 15 tons of brand‑new HVAC installed
