Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    24750 Lahser Rd Southfield, MI

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

    Office building with ample natural light and expansion potential.

    Type:OFFICE
    Property size:
    4,018 SF
    Lot size:
    0.97 Acres
    Price / SF:
    $130/SF
    Added:
    Jun 18, 2024
    Days on Market:
    683
    Last Refresh:
    Apr 5 at 11:19 pm

    Property Features for 24750 Lahser Rd

    General Information

    Standard status
    Active
    Size
    4,018 SF
    Lot size
    0.97 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Andrew G Battersby
    Andrew G Battersby

    Listing agent Andrew G Battersby License #6501384188

    Listing office Thomas A. Duke Company

    Listing date Jun 18, 2024

    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 Thomas A. Duke Company

    Overview

    Southfield Office Building For Sale

    This is the first time this Southfield office building has been offered for sale. The property presents a unique opportunity for an owner-user. Sleek window lines provide ample natural light to the building's interior. The building includes a full basement, which is not included in the listed square footage. The property offers excess land available for future expansion. The building size is 4,018 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Attorney at Law, Donald ... Law Firm Adler Law Firm ... Law Firm William S. Stern, ... Law Firm James D Murphy ... Law Firm Law Office of Stephen ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2597
    Latitude
    42.4705

    Nearby Similar for Sale

    • $549,900
      4,648 SF

      Mixed-Use Property in Oakland, MI

      High-visibility commercial space with stable rental income and prime exposure.
      17600 W 11 Mile Road, Oakland, MI 48076
      View Details
    • $649,900
      7,500 SF

      Southfield Corner Office Building

      Two-story office building on a busy corner in Southfield.
      25755 SOUTHFIELD Road, Southfield City, MI 48075
      View Details
    • $350,000
      200,000 SF

      Established Pizza Shop Business

      High-volume pizza franchise opportunity in Southfield, operating for over 20 years.
      25855 Lahser Rd, Southfield, MI 48033
      View Details
    • $2,350,000
      12,000 SF

      Southfield Office Building For Sale

      Centrally located office building with cell tower included in sale.
      18311 W 10 Mile Rd, Southfield, MI 48075
      View Details
    • $25
      64,000 SF

      Medical Office Condos For Sale

      Two medical office condos for sale in Southfield, Michigan.
      29877 Telegraph Rd, Southfield, MI 48034
      View Details
    • $625,000
      15,580 SF

      Southfield Office Building For Sale

      Well-maintained office building with recent upgrades and easy freeway access.
      24700 West Eleven Mile Road, Southfield, MI, 48034
      View Details
    • $6,619,500

      Southfield Flex/Industrial/Office Space For Sale

      Flexible zoning allows for industrial, office, and medical uses.
      25510 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • $795,000
      4,836 SF

      Southfield Freestanding Office/Medical Building

      Renovated office/medical building near Henry Ford Providence Southfield Hospital.
      24725 Greenfield Rd, Southfield, MI 48075
      View Details
    • $3,600,000
      180,291 SF

      Southfield Office Building Opportunity

      High-quality office property in Southfield, Michigan with many amenities.
      20500 Civic Center Dr, Southfield, MI 48076
      View Details
    • $1,200,000
      24,000 SF

      Well-Maintained Office Building For Sale

      Corporate-owned office building suitable for owner-occupant with easy freeway access.
      24710 West Eleven Mile Road, Southfield, MI, 48034
      View Details
    • $375,000
      12,056 SF

      Southfield Office Building For Sale

      Office building with 12,056 square feet of space.
      23555 Northwestern Hwy, Southfield, MI
      View Details
    • Contact for pricing

      Southfield Redevelopment Opportunity

      Highly visible property in Southfield's business center, ready for redevelopment.
      26250 Northwestern Hwy, Southfield, MI 48076
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with ample natural light and expansion potential.
    Where is this office building located?
    The property is located at 24750 Lahser Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Excess land available for future expansion; Full basement (not included in square footage); Sleek window lines providing ample natural light
    (248) 476-3700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew G Battersby
    Andrew G Battersby
    Real Estate License ID: 6501384188
    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

    24750 Lahser 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!