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    24399 Telegraph Rd, Southfield, MI 48033

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    Industrial properties

    Type:Industrial
    Property size:
    10,160 SF
    Price / SF:
    $117/SF
    Added:
    Feb 20, 2026
    Days on Market:
    136
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 24399 Telegraph Rd

    General Information

    Standard status
    Active
    Size
    10,160 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1963

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    Greg Newman
    Greg Newman

    Listing office Keystone Commercial Real Estate

    Listing date Feb 20, 2026

    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 Keystone Commercial Real Estate

    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.
    • Versatile space for production, storage, or distribution.
    • Thoughtfully designed to accommodate various business needs.
    • Single or multi‑tenant expansive unit.

    Local Financial Insights For Warehouse

    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 $74.7k $7.35
    − Vacancy −$2.8k −$0.27
    EGI $71.9k $7.08
    − OpEx −$10.8k −$1.06
    NOI $61.1k $6.02
    10,160 SF · lease $7.35/SF/yr · vacancy 3.70% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $873.2K
    $764.1K – $1.02M (±1% cap)
    NOI $61,126 @ 7.0% cap · market cap 5.12%
    Second Best
    Industrial
    $719.1K
    $629.2K – $839.0K (±1% cap)
    NOI $50,339 @ 7.0% cap · market cap 4.21%
    Theoretical Best
    Specialty Retail
    $2.19M
    $1.92M – $2.56M (±1% cap)
    NOI $153,400 @ 7.0% cap · market cap 12.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Pharmacy Spa & Massage Center Law Firm Big Box & Wholesale Store Food Market Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2804654
    Latitude
    42.4671739

    FAQs

    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.
    (248) 406-7113 Call to check price and availability
    More about this property
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