24293 Telegraph Road, Southfield, MI 48034
Office building available for purchase in Southfield, Michigan.
- Added:
- Aug 3, 2020
- Days on Market:
- 2164
- Last Refresh:
- Jul 2 at 8:25 am
Property Features for 24293 Telegraph Road
General Information
- Standard status
- Active
- Size
- 43,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing office Friedman Real Estate
Listing date Aug 3, 2020
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
HighLights
- For sale
- Year Built: 1970
Overview
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 | $258.0k | $6.00 |
| − Vacancy | −$60.6k | −$1.41 |
| EGI | $197.4k | $4.59 |
| − OpEx | −$49.3k | −$1.15 |
| NOI | $148.0k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2803398
- Latitude
- 42.4664128
