Southfield Flex/Industrial/Office Property For
25510 W Eleven Mile Rd, Southfield, MI 48034
For Sale
Contact for pricing
Flexible zoning allows for light industrial, office, or medical use.
Property Size66,195 SF
Price / SF$100
Days on Market1160
Property Features for 25510 W Eleven Mile Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Listing Agency:
Newmark | Detroit - Southfield
Listed By:
Chris Hill · License MI #6505372052
Source:
Crexi
Added: Sep 8, 2023
Changed: Aug 8
Last Checked: Mar 27 at 8:12AM
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 | Detroit - Southfield
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Investment Insights
Based on property information with market context.
This commercial property in Southfield, Michigan, offers flexible zoning suitable for light industrial, office, or medical office use. The property's location provides close proximity to I-696, M-10, and Telegraph Road. Up to 14 grade-level doors can be added to the property. This property presents an excellent value-add opportunity. The property size is 66,195 square feet.
Key Highlights
- Flexible zoning allows for light industrial, office, medical office, etc.
- Excellent value add opportunity.
- Close proximity to I‑696, M‑10 and Telegraph Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$327,972
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,559,440
$6.6M
Cap Rate 7%
$4,685,314
$4.7M
Cap Rate 9%
$3,644,133
$3.6M
Market Conditions
NOI Build-Up for 66,195 SF
Gross rent
$486.5K $7.35/SF
− Vacancy
−$18.0K −$0.27/SF
EGI
$468.5K $7.08/SF
− OpEx
−$140.6K −$2.12/SF
NOI
$328.0K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,559,440
Cap Rate 7%
$4,685,314
Cap Rate 9%
$3,644,133
Alternative Uses
Best Use
Flex RnD
$9.78M
$8.56M – $11.41M
NOI $684,642 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$4.69M
$4.10M – $5.47M
NOI $327,972 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$14.28M
$12.49M – $16.66M
NOI $999,439 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48034, MI
14,480
Population
8,634
Households
1.7
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
4.3 sq mi
ZIP Area
3,367
Density / Sq Mi
$59,634
Median Household Income
$40,068
Median Earnings
$1,275
Median Rent
$259,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible zoning allows for light industrial, office, or medical use.
Where is this flex space located?
The property is located at 25510 W Eleven Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $6,619,500.
What are key features of this property?
This property features: Flexible zoning allows for light industrial, office, medical office, etc.; Excellent value add opportunity.; Close proximity to I‑696, M‑10 and Telegraph Rd.
