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    27100 11 Mile Rd Southfield, MI 48033

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    For Lease
    Contact for pricing

    Executive & Creative Office Suites Available

    Lot size:
    110,804 SF

    Property Features for 27100 11 Mile Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,804 SF
    Total Rate
    156510.65

    Building Details

    Year Built/Renovated
    1984/2020
    Stories
    7

    Spaces For Lease

    at 27100 11 Mile Rd, Southfield, MI 48033 Contact us
    Unit 4th Floor

    $17 /Mo

    Size
    15,832 SF
    Contact us
    Unit 3rd Floor

    $17 /Mo

    Size
    15,832 SF
    Contact us
    Unit 2nd Floor

    $17 /Mo

    Size
    15,832 SF
    Contact us
    Unit 1st Floor

    $17 /Mo

    Size
    4,024 SF
    Contact us

    We can help!

    Listing Contact
    Robert Gagniuk
    Robert Gagniuk

    Listing Agency: Friedman Real Estate Listing Agent: Robert Gagniuk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    One West 11, located at 27100 W Eleven Mile Rd in Southfield, MI 48033, offers exceptional office space in a prime location. This seven-story building, totaling 110,804 square feet, underwent a complete renovation in 2020, blending modern amenities with classic architectural design. The property boasts a variety of suite sizes, accommodating businesses of all scales. Spaces range from a minimum of 1,557 square feet to a maximum contiguous space of 15,832 square feet, with a significant 51,520 square feet currently vacant. The building is zoned RC and sits on an expansive 11-acre lot, providing ample parking with 500 spaces available. Originally constructed in 1984, One West 11 caters to both executive and creative office needs, making it an ideal location for a diverse range of businesses. The property's Oakland County location (APN 24-18-351-018) offers easy access to major transportation routes and a thriving business community. Multiple tenancy options are available, allowing for flexibility in lease terms and space requirements. This is a unique opportunity to secure high-quality office space in a well-maintained and strategically located building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stefanini IT Consulting Firm Fresh at Work Cafe & Coffee Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2880591
    Latitude
    42.4966195

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    FAQs

    What type of property is this?
    Office space - Executive & Creative Office Suites Available
    Where is this office space located?
    The property is located at 27100 11 Mile Rd Southfield, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Three contiguous floors totaling ±51,520 square feet available.; Floorplates up to ±16,000 square feet each.; Prominent I-696 building signage available.
    (248) 848-4094 Call to check price and availability
    Request Owner's contact information
    27100 11 Mile Rd Southfield, MI 48033
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    Southfield, MI 48033
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    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
    27100 11 Mile Rd Southfield, MI 48033
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Robert Gagniuk
    Robert Gagniuk
    Real Estate License ID: 6501371492
    (248) 848-4094
    Learn more
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