Office Building with
For Sale
$950,000
30075 Greenfield Road, Southfield, MI 48076
Flexible suites support office and medical uses across a well-maintained commercial building.
Property Size8,995 SF
Price / SF$105.61
Days on Market51
Property Features for 30075 Greenfield Road
General Information
Standard status
Active
Size
8,995 SF
Class
B
Elevators
Yes
Property subtype
Office
Building Details
Building Size
8,995 SF
Year Built
2003
Buildings
1
Listing Agency:
KJ Commercial
Listed By:
David Jappaya · License #6501416409
(248) 881-4055
Source:
Kjcre
Added: Aug 30
Changed: Oct 2
Last Checked: Oct 16 at 6:54AM
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 KJ Commercial
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Investment Insights
Based on property information with market context.
Built in 2003, this 8,995-square-foot office building offers a flexible arrangement of suites for office or medical users. A large elevator connects the floors, supporting convenient movement throughout the building.
The sale also includes a 0.19-acre vacant parcel immediately north of the building. The additional land expands the property footprint and provides a separate component for future planning or site use.
The sale also includes a 0.19-acre vacant parcel immediately north of the building. The additional land expands the property footprint and provides a separate component for future planning or site use.
Key Highlights
- 8,995 SF office building constructed in 2003
- Large elevator provides access between floors
- Flexible suite configurations for office or medical users
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,965
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,300
$619.3K
Cap Rate 7%
$442,357
$442.4K
Cap Rate 9%
$344,056
$344.1K
Market Conditions
NOI Build-Up for 8,995 SF
Gross rent
$54.0K $6.00/SF
− Vacancy
−$12.7K −$1.41/SF
EGI
$41.3K $4.59/SF
− OpEx
−$10.3K −$1.15/SF
NOI
$31.0K $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%
$619,300
Cap Rate 7%
$442,357
Cap Rate 9%
$344,056
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,724 @ 7.0% cap · market cap 12.81%
Second Best
Office B
$442.4K
$387.1K – $516.1K
NOI $30,965 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,810 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,847
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
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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 - Flexible suites support office and medical uses across a well-maintained commercial building.
Where is this office building located?
The property is located at 30075 Greenfield Road Southfield, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 8,995 SF office building constructed in 2003; Large elevator provides access between floors; Flexible suite configurations for office or medical users
