Office
For Sale
Contact for pricing
28200 Southfield Rd, Lathrup Village, MI 48076
Office property constructed in 1966 with a 6,600-square-foot footprint.
Property Size6,600 SF
Price / SF$108.94
Days on Market51
Property Features for 28200 Southfield Rd
General Information
Standard status
Active
Size
6,600 SF
Total Parking Spaces
26
Property subtype
Office
Lease Type
Modified Gross
Building Details
Year Built
1966
Tenancy
Multi
Listing Agency:
Friedman Real Estate
Listed By:
Dan Verderbar · License #MI
Source:
Crexi
Added: Aug 31
Changed: Oct 1
Last Checked: Oct 19 at 3:32AM
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 Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 6,600 square feet and was constructed in 1966. The property is located at 28200 Southfield Road in Lathrup Village, Michigan, providing a defined commercial address for office ownership or occupancy.
Key Highlights
- 6,600 square feet of office space
- Constructed in 1966
- Located at 28200 Southfield Road, Lathrup Village, MI 48076
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,721
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,420
$454.4K
Cap Rate 7%
$324,586
$324.6K
Cap Rate 9%
$252,456
$252.5K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$39.6K $6.00/SF
− Vacancy
−$9.3K −$1.41/SF
EGI
$30.3K $4.59/SF
− OpEx
−$7.6K −$1.15/SF
NOI
$22.7K $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%
$454,420
Cap Rate 7%
$324,586
Cap Rate 9%
$252,456
Alternative Uses
Best Use
Office B
$324.6K
$284.0K – $378.7K
NOI $22,721 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,649 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 48076, MI
26,062
Population
11,016
Households
2.4
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.1 sq mi
ZIP Area
3,671
Density / Sq Mi
$85,171
Median Household Income
$50,210
Median Earnings
$1,451
Median Rent
$251,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property constructed in 1966 with a 6,600-square-foot footprint.
Where is this office building located?
The property is located at 28200 Southfield Rd Lathrup Village, MI.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: 6,600 square feet of office space; Constructed in 1966; Located at 28200 Southfield Road, Lathrup Village, MI 48076
