Two-Story Multi-Tenant Office
For Sale
$1,595,000
26776 W 12 Mile Rd, Southfield, MI 48034
Two-story multi-tenant office building with atrium lobby, attractive glass-and-brick exterior, and about 100 parking spaces.
Property Size20,164 SF
Price / SF$79.10
Days on Market281
Property Features for 26776 W 12 Mile Rd
General Information
Standard status
Active
Size
20,164 SF
Total Parking Spaces
100
Property subtype
Office
Zoning
OS
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
20,164 SF
Stories
2
Tenancy
Multi
Listing Agency:
Friedman Integrated Real Estate
Listed By:
Todd Hawley · License #6501265610
(248) 324-2000
Source:
Cpix.resimplifi
Added: Jan 13
Changed: Oct 2
Last Checked: Oct 20 at 5:15PM
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 Friedman Integrated Real Estate
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Investment Insights
Based on property information with market context.
A 20,000 SF, two-story multi-tenant office building designed for both office and medical uses. The property features an atrium-style lobby and an exterior blend of reflective glass and brick. Building signage and a monument ground sign are available, and recent upgrades include new parking lot and interior finishes.
The building is positioned west of 12 Mile Road at Northwestern Highway, providing access to surrounding freeways. Retail and restaurants are located in an adjoining parking lot.
Up to 7,000 SF can be made available for an end user, offering flexibility within the existing multi-tenant configuration. The site has approximately 100 parking spaces.
The building is positioned west of 12 Mile Road at Northwestern Highway, providing access to surrounding freeways. Retail and restaurants are located in an adjoining parking lot.
Up to 7,000 SF can be made available for an end user, offering flexibility within the existing multi-tenant configuration. The site has approximately 100 parking spaces.
Key Highlights
- Approximately 120,000 SF, two‑story multi‑tenant office building with an atrium lobby
- Office and medical uses; up to 7,000 SF can be made available for end‑use
- Attractive reflective glass and brick exterior with building signage and monument ground sign available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,415
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,300
$1.4M
Cap Rate 7%
$991,643
$991.6K
Cap Rate 9%
$771,278
$771.3K
Market Conditions
NOI Build-Up for 20,164 SF
Gross rent
$121.0K $6.00/SF
− Vacancy
−$28.4K −$1.41/SF
EGI
$92.6K $4.59/SF
− OpEx
−$23.1K −$1.15/SF
NOI
$69.4K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,300
Cap Rate 7%
$991,643
Cap Rate 9%
$771,278
Alternative Uses
Best Use
Healthcare Medical
$3.90M
$3.41M – $4.55M
NOI $272,867 @ 7.0% cap · market cap 17.11%
Second Best
Office B
$991.6K
$867.7K – $1.16M
NOI $69,415 @ 7.0% cap · market cap 4.35%
Theoretical Best
Specialty Retail
$4.35M
$3.81M – $5.07M
NOI $304,444 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two-story multi-tenant office building with atrium lobby, attractive glass-and-brick exterior, and about 100 parking spaces.
Where is this office building located?
The property is located at 26776 W 12 Mile Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Approximately 120,000 SF, two‑story multi‑tenant office building with an atrium lobby; Office and medical uses; up to 7,000 SF can be made available for end‑use; Attractive reflective glass and brick exterior with building signage and monument ground sign available
