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    Upper-Level Office Suite Title is generated by Realmo AI

    23455 Telegraph Road, Southfield, MI 48033

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    For Lease
    $3,999/Mo $8 SF/Yr (calc)

    COMMERCIAL - Southfield, MI

    Property size:
    6,000 SF
    Lot size:
    0.99 Acres
    Added:
    Dec 20, 2024
    Days on Market:
    530
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 23455 Telegraph Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    24-29-476-027
    Size
    6,000 SF
    Lot size
    0.99 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Joan Schinderle-King

    Listing agent Joan Schinderle-King License #6501292224

    Listing office Realty Executives Home Towne Chesterfield 49940 Gratiot, Port Huron, MI

    Listing date Dec 20, 2024

    MLS# 50163422

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6,000 SF upper‑level open‑concept space available now on southbound Telegraph Rd in Southfield
    • Open‑concept layout previously used for a flooring and tile business
    • Includes 3 private bathrooms and several private offices
    • Upper‑level space can be split, with access provided by two stairwells
    • Shared grand entrance for the upper level, with a granite & marble showroom on the main level
    • Public water and on‑premise parking lot with ample spaces for employees and customers

    Overview

    This upper-level office suite provides an open-concept work area with several private offices and the option to split into separate spaces, since the upper level is served by two stairwells. The suite includes three private bathrooms and has an arrangement that can support a range of professional office activities.

    The space is located at 23455 Telegraph Road in Southfield, with access through a shared grand entrance that is exclusive to the upper level. The main level includes a granite and marble showroom, while the upper-level tenant entrance provides an established arrival point for employees and visitors. The property also offers on-premise parking for employees and customers.

    With its mix of open area and enclosed rooms, the suite is suited for office-focused tenants seeking flexibility in layout, including uses such as a showroom-oriented office, creative workspace, call center environment, or collaborative office operation. Available now, it offers a practical option for businesses that need a private upper-level setting with multiple room types and three private bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spa Suite Spa & Massage Center L&E Marble and Granite ... Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.279179
    Latitude
    42.460927

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    FAQs

    What type of property is this?
    Office units - Upper-level suite with open-concept layout, private offices, and three private bathrooms, served by shared upper-level entrance.
    Where is this office units located?
    The property is located at 23455 Telegraph Road Southfield, MI.
    What is the lease rate?
    The lease rate is $3,999 /Mo.
    What are key features of this property?
    This property features: 6,000 SF upper‑level open‑concept space available now on southbound Telegraph Rd in Southfield; Open‑concept layout previously used for a flooring and tile business; Includes 3 private bathrooms and several private offices
    (586) 383-9975
    We can help!
    Listing Contact
    Joan Schinderle-King
    Real Estate License ID: 6501292224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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