27435 SOUTHFIELD RD, Lathrup Village, MI 48076
Former healthcare space with two-floor layout, rear parking, and Southfield Road monument signage for medical or professional use.
- Added:
- Jun 2, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 2:14 am
Property Features for 27435 SOUTHFIELD RD
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1991
Listing agent Nick Zagar License #6502374102
Listing office Mirlo Real Estate Partners
Listing date Jun 2, 2026
Source Crexi
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 Mirlo Real Estate Partners
HighLights
- 2,314 SF former healthcare practice built in 1991 with space on a main floor and a second floor
- Main floor offers approximately 1,600 SF, with the remaining square footage on the second floor
- No elevator access to the second floor; upper level works for office, administrative functions, records, supplies, or storage
- Dedicated rear lot with 10 parking spaces plus a prominent monument sign on Southfield Road
- New plumbing installed in 2025
Overview
The building is located along the Southfield Road corridor, which provides strong visibility and drive-by exposure. It also features a prominent monument sign on Southfield Road. The rear lot includes 10 parking spaces, supporting patient, client, and staff access.
For an owner-user, this property provides an existing medical/office environment with practical on-site parking and existing signage visibility. It also offers flexible reuse for administrative and support space on the second floor, while the main level can serve primary day-to-day operations. Recent upgrades include new plumbing installed in 2025, which may reduce near-term capital considerations for a future owner.
Local Financial Insights For Healthcare Medical
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 | $58.3k | $25.20 |
| − Vacancy | −$6.1k | −$2.65 |
| EGI | $52.2k | $22.55 |
| − OpEx | −$20.9k | −$9.02 |
| NOI | $31.3k | $13.53 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 9 Tel Animal Hospital — 17630 W 12 Mile Rd, Southfield, MI 48076
- North Branch Animal Hospital — 17630 W 12 Mile Rd, Southfield, MI 48076
Location Insight
- Map
- Local Demand
- City
- Lathrup Village
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2225254
- Latitude
- 42.4914949
