Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Updated Office Building Near I-696 Title is generated by Realmo AI

    24725 W 12 Mile Rd, Southfield, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Three-story office building with recent renovations and excellent highway access.

    Type:OFFICE
    Property size:
    3,333 SF
    Lot size:
    5.66 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    195
    Last Refresh:
    Apr 5 at 9:00 pm

    Property Features for 24725 W 12 Mile Rd

    General Information

    Standard status
    Active
    Size
    3,333 SF
    Lot size
    5.66 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 24725 W 12 Mile Rd Contact us

    We can help!

    Listing Contact
    Wade Lorimer
    Wade Lorimer

    Listing agent Wade Lorimer License #6501377543

    Listing office Newmark - Corporate

    Listing date Nov 7, 2025

    Source Moodyscre

    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 Newmark - Corporate

    HighLights

    • Excellent access to I‑696, M‑10, Northwestern Highway and Telegraph Road
    • Aggressive Rental Structure
    • Interior & Exterior Renovations Complete
    • Back‑up Building Generator
    • Professionally Managed
    • 104,000 Square Foot Facility

    Overview

    This well-maintained, three-story brick office building features recent interior and exterior renovations. The 104,000 square foot facility offers spaces ranging from 996 to 37,000 square feet. A back-up building generator is available. The property benefits from stable, local ownership and professional management. Located just off I-696 and Telegraph Road, the building provides excellent access to I-696, M-10, Northwestern Highway, and Telegraph Road. It offers a competitive rental structure and is positioned as a strong rental value in Southfield. The available space is 3,333 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2884
    Latitude
    42.4658

    Nearby Similar for Lease

    • $2,000/Mo
      1,000 SF

      Professional Office Suite For Rent

      Turn-key office suite with private offices, reception, and break room.
      26300 Telegraph Road, Southfield, MI 48033
      View Details
    • $2,000/Mo
      1,340 SF

      Southfield Retail Space For Rent

      Commercial property in a high-traffic location, ideal for business.
      24070 W 10 MILE Road, Southfield, MI 48033
      View Details
    • $20 SF/Yr
      3,015 SF

      Prime Southfield Road Commercial Space

      3,015 SF commercial space with high visibility and flexible zoning.
      24758 Southfield Road, Southfield, MI 48075
      View Details
    • $2,500/Mo
      1,350 SF

      Southfield Retail Space For Rent

      1350 SF retail space with frontage on Telegraph Road.
      26400 Telegraph Road, Southfield, MI 48033
      View Details
    • $600/Mo
      175 SF

      Southfield Office Suite For Rent

      Single room office suite in a prime Southfield location.
      29623 Northwestern Highway, Southfield, MI 48034
      View Details
    • $129-$3,645/Mo
      11-1,292 SF

      Town Center

      2000 Town Ctr, Unit 1900, Southfield, MI 48075
      View Details
    • $4,500/Mo
      36,000 SF

      Furnished Executive Suite For Rent

      Furnished executive suite in prime location with great view.
      20800 Southfield Rd 370, Southfield, MI 48075
      View Details
    • $700/Mo
      165 SF

      Southfield Office Suite For Rent

      Private, affordable Southfield office suite with utilities and internet included.
      19100 W 10 Mile Rd, Southfield, MI 48075
      View Details
    • $2,500/Mo
      1,350 SF

      Retail Space on Telegraph Road

      1350 SF retail unit with frontage on Telegraph Road.
      26400 Telegraph Rd, Southfield, MI 48033
      View Details
    • $3,999/Mo
      6,000 SF

      Southfield Office Space on Telegraph

      6,000 SF upper-level office space on Telegraph Road.
      23455 Telegraph, Southfield, MI 48033
      View Details
    • $750/Mo

      Renovated Office Suites in Southfield

      Remodeled office suites ideal for office, wellness, or professional use.
      23140 W 8 Mile Rd, Southfield, MI 48033
      View Details
    • $2,000/Mo
      1,465 SF

      Freestanding Medical Building For Lease

      Freestanding medical building with five exam rooms in Southfield.
      21721 W 11 Mile, Southfield, MI 48034
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with recent renovations and excellent highway access.
    Where is this office building located?
    The property is located at 24725 W 12 Mile Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to I‑696, M‑10, Northwestern Highway and Telegraph Road; Aggressive Rental Structure; Interior & Exterior Renovations Complete
    (212) 372-2000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wade Lorimer
    Wade Lorimer
    Real Estate License ID: 6501377543
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24725 W 12 Mile Rd, Southfield, MI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!