24431 TELEGRAPH RD, Southfield, MI 48033
Two well-maintained flex buildings with recent exterior and mechanical upgrades, positioned for office, showroom, and drive-through use.
- Added:
- Jun 9, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 20 at 7:21 am
Property Features for 24431 TELEGRAPH RD
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1965
Listing agent Nate Hughes License #6501433129
Listing office RH Commercial Realty (248) 207-5847
Listing date Jun 9, 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 RH Commercial Realty
HighLights
- Two buildings totaling 7,200 SF (each 3,600 SF) built in 1965
- I‑1 zoning—flex space suited for drive‑through, professional office/showroom, and/or rear yard use
- Recent updates include new radiant tube heaters
- Recent exterior improvements include new exterior paint and gutter drainage systems
- West‑side Telegraph Road location with easy access to I‑696 and minutes to M‑5, M‑10, M‑102 & M‑39
Overview
The buildings are located on the west side of Telegraph Road and provide easy access to I-696. The property is also described as being only minutes from M-5, M-10, M-102, and M-39, supporting convenient regional connectivity for employees, customers, and vendors.
From a tenant and operator standpoint, this configuration can work for businesses that need flex space with straightforward access and the ability to accommodate both customer-facing and work-oriented functions. The stated I-1 zoning can support buyers evaluating multi-use options, including combinations of office/showroom uses alongside areas that benefit from drive-through access and rear-yard usage.
Local Financial Insights For Retail
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 | $121.0k | $16.80 |
| − Vacancy | −$10.3k | −$1.43 |
| EGI | $110.7k | $15.37 |
| − OpEx | −$33.2k | −$4.61 |
| NOI | $77.5k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2805109
- Latitude
- 42.4674093
