Office Building with New
21681-21721 W Eleven Mile Rd, Southfield, MI 48076
For Sale
Contact for pricing
Recent building improvements support continued office use along a Southfield business corridor.
Property Size13,465 SF
Price / SF$118.83
Days on Market9
Property Features for 21681-21721 W Eleven Mile Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Rick Ax · License MI #6506040861
(248) 852-0314
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 7:40AM
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 NAI Farbman - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property contains 13,465 square feet and received more than $300,000 in improvements during the past decade. A new roof was installed in 2025.
Situated on West Eleven Mile Road in Southfield, the property is in an established business corridor with access to major thoroughfares and regional expressways. The address places the building in metro Detroit’s northwest submarket.
Situated on West Eleven Mile Road in Southfield, the property is in an established business corridor with access to major thoroughfares and regional expressways. The address places the building in metro Detroit’s northwest submarket.
Key Highlights
- 13,465‑square‑foot office building
- New roof installed in 2025
- More than $300,000 in improvements over the last 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,353
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,060
$927.1K
Cap Rate 7%
$662,186
$662.2K
Cap Rate 9%
$515,033
$515.0K
Market Conditions
NOI Build-Up for 13,465 SF
Gross rent
$80.8K $6.00/SF
− Vacancy
−$19.0K −$1.41/SF
EGI
$61.8K $4.59/SF
− OpEx
−$15.5K −$1.15/SF
NOI
$46.4K $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%
$927,060
Cap Rate 7%
$662,186
Cap Rate 9%
$515,033
Alternative Uses
Best Use
Office B
$662.2K
$579.4K – $772.6K
NOI $46,353 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.39M
NOI $203,300 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
Demographics for 48076, MI
26,062
Population
11,016
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
3,671
Density / Sq Mi
$85,171
Median Household Income
$50,210
Median Earnings
$1,451
Median Rent
$251,300
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Southfield, MI
Properties on Market for Office buildings in Southfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Recent building improvements support continued office use along a Southfield business corridor.
Where is this office building located?
The property is located at 21681-21721 W Eleven Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 13,465‑square‑foot office building; New roof installed in 2025; More than $300,000 in improvements over the last 10 years
