24700 West Eleven Mile Road, Southfield, MI 48034
Well-maintained office building with recent upgrades and easy freeway access.
- Added:
- Mar 25, 2026
- Days on Market:
- 104
- Last Refresh:
- Jul 4 at 12:53 am
Property Features for 24700 West Eleven Mile Road
General Information
- Standard status
- Active
- Size
- 15,580 SF
- Property subtype
- Office
Listing office CBRE | Detroit (248) 351-2039
Listing date Mar 25, 2026
Source Cbre
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 CBRE | Detroit
HighLights
- Ideal for owner‑occupant
- Educational Research Office Zoning
- Ideally located with easy freeway access
- Recent interior upgrades
- Well‑maintained corporate owned asset
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 | $93.5k | $6.00 |
| − Vacancy | −$22.0k | −$1.41 |
| EGI | $71.5k | $4.59 |
| − OpEx | −$17.9k | −$1.15 |
| NOI | $53.6k | $3.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.287915
- Latitude
- 42.486415
