Two-Story Office
25755 SOUTHFIELD Road Unit SourceFi Southfield, MI 48075
25755 SOUTHFIELD Road Unit SourceFi, Southfield, MI, 48075
$649,900
For Sale
$649,900
Two-story office building on a busy corner with versatile space adaptable for professional or medical use, pending city approval.
Property Size7,500 SF
Price / SF$86.65
Days on Market553
Property Features for 25755 SOUTHFIELD Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing agency
The Signature Group Realty, LLC
(313) 712-8000
Listed by
Ghazy Mustapha · License #6501285659
(313) 712-8000
Source
Xome
Added: Jan 14, 2025 Updated: Jul 18 at 3:09AM Checked: Jul 21 at 2:57AM
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 The Signature Group Realty, LLC
Investment Insights
Based on property information with market context.
This two-story office building offers versatile interior space that can be adapted for a variety of professional, medical, or commercial uses, pending approval from the City of Southfield. The property is well suited for either an owner-user looking to establish operations or an investor considering a leasing approach.
The building is positioned on a busy corner of Southfield Road and 10½ Mile Road, providing visibility and easy accessibility. An adjacent building is also available, and the owner is open to offering both properties as a package deal.
Overall, the site provides a flexible office configuration in a prominent, accessible corner location, with the option to expand through the adjoining property availability.
The building is positioned on a busy corner of Southfield Road and 10½ Mile Road, providing visibility and easy accessibility. An adjacent building is also available, and the owner is open to offering both properties as a package deal.
Overall, the site provides a flexible office configuration in a prominent, accessible corner location, with the option to expand through the adjoining property availability.
Key Highlights
- Two‑story office building on the corner of Southfield Road and 10 1/2 Mile Road
- Versatile space can be adapted for a variety of professional, medical, or commercial uses, pending City of Southfield approval
- Adjacent building is also available, and the owner is open to offering both properties as a package deal
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 | $45.0k | $6.00 |
| − Vacancy | −$10.6k | −$1.41 |
| EGI | $34.4k | $4.59 |
| − OpEx | −$8.6k | −$1.15 |
| NOI | $25.8k | $3.44 |
7,500 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,493 @ 7.0% cap · market cap 15.62%
Second Best
Office B
$368.8K
$322.7K – $430.3K
NOI $25,819 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,238 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
American Council Trade
Charitable Organization
Syrian Council
Council
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building on a busy corner with versatile space adaptable for professional or medical use, pending city approval.
Where is this office building located?
The property is located at 25755 SOUTHFIELD Road Unit SourceFi Southfield, MI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑story office building on the corner of Southfield Road and 10 1/2 Mile Road; Versatile space can be adapted for a variety of professional, medical, or commercial uses, pending City of Southfield approval; Adjacent building is also available, and the owner is open to offering both properties as a package deal
