Drive-Through Flex
24431 TELEGRAPH RD, Southfield, MI 48033
For Sale
Contact for pricing
Two well-maintained flex buildings with recent exterior and mechanical upgrades, positioned for office, showroom, and drive-through use.
Property Size7,200 SF
Price / SF$136.81
Days on Market155
Property Features for 24431 TELEGRAPH RD
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Additional Details
Highway Access
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
RH Commercial Realty
Listed By:
Nate Hughes · License MI #6501433129
(810) 923-6099
Source:
Crexi
Added: Jun 9
Changed: Nov 3
Last Checked: Nov 10 at 7:55AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two separate buildings, each deemed 3,600 SF, for a combined total of 7,200 SF. The property has been meticulously maintained and features several recent updates, including new radiant tube heaters, new exterior paint, and gutter drainage systems. The layout and improvements support a range of commercial uses, including options that benefit from drive-through capabilities, as well as professional office or showroom operations and potential utilization of rear yard space.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,468
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,360
$1.5M
Cap Rate 7%
$1,063,829
$1.1M
Cap Rate 9%
$827,422
$827.4K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$129.6K $18.00/SF
− Vacancy
−$15.0K −$2.09/SF
EGI
$114.6K $15.91/SF
− OpEx
−$40.1K −$5.57/SF
NOI
$74.5K $10.34/SF
Area
Oakland County, MI
Vacancy
11.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,360
Cap Rate 7%
$1,063,829
Cap Rate 9%
$827,422
Alternative Uses
Best Use
Flex RnD
$1.06M
$930.9K – $1.24M
NOI $74,468 @ 7.0% cap · market cap 7.56%
Second Best
Industrial
$509.6K
$445.9K – $594.6K
NOI $35,673 @ 7.0% cap · market cap 3.62%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,708 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
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
$195,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Reva Constantine Events — 24101 W Nine Mile Rd, Southfield, MI 48033
Frequently Asked Questions
What type of property is this?
Flex space - Two well-maintained flex buildings with recent exterior and mechanical upgrades, positioned for office, showroom, and drive-through use.
Where is this flex space located?
The property is located at 24431 TELEGRAPH RD Southfield, MI.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 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
