For Sale
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24399 Telegraph Rd, Southfield, MI 48033
Industrial properties
Property Size10,160 SF
Price / SF$117.62
Days on Market227
Property Features for 24399 Telegraph Rd
General Information
Standard status
Active
Size
10,160 SF
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Building Details
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Greg Newman · License #MI 6501288543
(248) 406-7113
Source:
Crexi
Added: Feb 20
Changed: Oct 4
Last Checked: Oct 5 at 7:30PM
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 Keystone Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- 10,160 SF well‑maintained building suitable for industrial use.
- Advantageous location.
- I‑1 zoning designation allows for a wide range of industrial and manufacturing operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,339
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,780
$1.0M
Cap Rate 7%
$719,129
$719.1K
Cap Rate 9%
$559,322
$559.3K
Market Conditions
NOI Build-Up for 10,160 SF
Gross rent
$74.7K $7.35/SF
− Vacancy
−$2.8K −$0.27/SF
EGI
$71.9K $7.08/SF
− OpEx
−$21.6K −$2.12/SF
NOI
$50.3K $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%
$1,006,780
Cap Rate 7%
$719,129
Cap Rate 9%
$559,322
Alternative Uses
Best Use
Industrial
$719.1K
$629.2K – $839.0K
NOI $50,339 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,400 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
Where is this industrial property located?
The property is located at 24399 Telegraph Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 10,160 SF well‑maintained building suitable for industrial use.; Advantageous location.; I‑1 zoning designation allows for a wide range of industrial and manufacturing operations.
