Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Southfield Office Building Investment Opportunity Title is generated by Realmo AI

    28475 Greenfield Rd, Southfield, MI 48076

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    32-suite office building in Southfield with strong cash flow.

    Type:Commercial
    Added:
    May 15, 2026
    Days on Market:
    13
    Last Refresh:
    May 15 at 7:05 pm

    Property Features for 28475 Greenfield Rd

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Justin Zehel

    Listing agent Justin Zehel License #3598465

    Listing office Eagle Realty LLC d/b/a Keller Williams Eagle Realty

    Listing date May 15, 2026

    Source Elliman

    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 Eagle Realty LLC d/b/a Keller Williams Eagle Realty

    HighLights

    • Strong and stable cash flow from 30 of 32 occupied suites with long‑term tenants.
    • Impressive 9% cap rate, indicating a high return on investment.
    • Located in the highly desirable city of Southfield.
    • Turnkey investment opportunity, ready for immediate ownership and operation.
    • Well‑maintained property with roof and windows in excellent condition.
    • Two vacant suites offer upside potential for increased income.

    Overview

    This 32-suite office building is located in Southfield. Currently, 30 of the 32 suites are occupied, providing stable cash flow with long-term tenants. The property features hardwood finishes throughout. The roof and windows are in excellent condition. Two vacant suites offer additional income potential. The property generates a 9% cap rate. The walk score is 58, indicating that the location is somewhat walkable. The bike score is 44, indicating that the location is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    REAL LOVE PRINTWEAR ... Textile Manufacturer Mrs. Cynthia Greene Counselor True Rock Church Church Sweeney Law Bankruptcy ... Law Firm The Richie Law Firm, ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2033186
    Latitude
    42.4994665

    Nearby Similar for Sale

    • $549,900
      4,648 SF

      Mixed-Use Property in Oakland, MI

      High-visibility commercial space with stable rental income and prime exposure.
      17600 W 11 Mile Road, Oakland, MI 48076
      View Details
    • $350,000
      200,000 SF

      Established Pizza Shop Business

      High-volume pizza franchise opportunity in Southfield, operating for over 20 years.
      25855 Lahser Rd, Southfield, MI 48033
      View Details
    • $299,999
      6,001 SF

      Income-Producing Southfield Office Condo Portfolio

      Multi-suite office condo package for sale in Southfield.
      25140 Lahser Rd, Southfield, MI 48033
      View Details
    • $2,350,000
      12,000 SF

      Southfield Office Building For Sale

      Centrally located office building with cell tower included in sale.
      18311 W 10 Mile Rd, Southfield, MI 48075
      View Details
    • $25
      64,000 SF

      Medical Office Condos For Sale

      Two medical office condos for sale in Southfield, Michigan.
      29877 Telegraph Rd, Southfield, MI 48034
      View Details
    • $625,000
      15,580 SF

      Southfield Office Building For Sale

      Well-maintained office building with recent upgrades and easy freeway access.
      24700 West Eleven Mile Road, Southfield, MI, 48034
      View Details
    • $6,619,500

      Southfield Flex/Industrial/Office Space For Sale

      Flexible zoning allows for industrial, office, and medical uses.
      25510 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • $795,000
      4,836 SF

      Southfield Freestanding Office/Medical Building

      Renovated office/medical building near Henry Ford Providence Southfield Hospital.
      24725 Greenfield Rd, Southfield, MI 48075
      View Details
    • $1,700,000
      28,668 SF

      Southfield Medical Building For Sale

      Two-story medical building with ample parking and highway access.
      22777 W 11 Mile Rd, Southfield, MI
      View Details
    • $300,000
      31,638 SF

      Southfield Office Building Opportunity

      31,638 SF office building on 2.49 acres for sale.
      22777 W Eleven Mile Rd, Southfield, MI 48033
      View Details
    • $1,200,000
      24,000 SF

      Well-Maintained Office Building For Sale

      Corporate-owned office building suitable for owner-occupant with easy freeway access.
      24710 West Eleven Mile Road, Southfield, MI, 48034
      View Details
    • $449,000
      5,326 SF

      Southfield Office Building for Sale

      Two-story office building in Southfield with recent upgrades.
      15815 W 12 Mile Rd, Southfield, MI 48076
      View Details

    FAQs

    What type of property is this?
    Office building - 32-suite office building in Southfield with strong cash flow.
    Where is this office building located?
    The property is located at 28475 Greenfield Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Strong and stable cash flow from 30 of 32 occupied suites with long‑term tenants.; Impressive 9% cap rate, indicating a high return on investment.; Located in the highly desirable city of Southfield.
    (248) 979-3466
    We can help!
    Listing Contact
    Justin Zehel
    Real Estate License ID: 3598465
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28475 Greenfield Rd, Southfield, MI 48076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!