Two-Story Multi-Tenant Office
26776 W 12 Mile Rd Southfield, MI 48034
26776 W 12 Mile Rd, Southfield, MI, 48034
$1,595,000
For Sale
$1,595,000
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 Market189
Property Features for 26776 W 12 Mile Rd
General Information
- Standard status
- Active
- Size
- 20,164 SF
- Property subtype
- Office
Listing agency
Friedman Integrated Real Estate
(248) 324-2000
Listed by
Todd Hawley
(248) 324-2000
Source
Cpix.resimplifi
Added: Jan 13 Updated: Jul 20 at 7:36PM Checked: Jul 21 at 3:12AM
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 Friedman Integrated Real Estate
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
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 | $121.0k | $6.00 |
| − Vacancy | −$28.4k | −$1.41 |
| EGI | $92.6k | $4.59 |
| − OpEx | −$23.1k | −$1.15 |
| NOI | $69.4k | $3.44 |
20,164 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
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
