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    25710 Eight Mile Rd Southfield, MI 48336

    Sponsored
    For Sale
    $360,000

    Fully Leased Retail Space, High ROI

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,000 square foot storefront, located at 25710 W 8 Mile Rd in Farmington Hills, Michigan (zip code 48336), presents a lucrative investment opportunity. Currently operating at 100% occupancy under a gross lease with three years remaining, this single-tenant property boasts a strong cap rate of 8.50%. The asking price is $360,000. The building, formerly a State Farm office, enjoys a highly visible location on Eight Mile Road, providing excellent exposure to significant traffic volume. Its strategic position offers easy access to major thoroughfares including I-96 and M-5, as well as proximity to Corewell Health Farmington Hills, ensuring a consistent flow of potential customers. The property is adaptable, with the potential to be divided into two separate units, offering flexibility for future tenants or expansion opportunities. The current lease rate is $13.00 per square foot, modified gross. This turnkey investment is ideal for discerning buyers seeking a stable, high-performing asset in a desirable location. The property's size and location make it an attractive option for a variety of retail businesses. Oakland County's robust economy further enhances the investment potential of this exceptional storefront.

    Property Features for 25710 Eight Mile Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF

    HighLights

    • $360,000 asking price for a 3,000 square foot retail storefront.
    • Located at 25710 W 8 Mile Rd, Farmington Hills, MI 48336.
    • Gross lease, single tenant, 100% occupancy with 3 years remaining on the lease.
    • 8.50% cap rate.
    • Divisible into two units; previously a State Farm office; near I‑96, M‑5, and Corewell Health.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3216709
    Latitude
    42.4421196

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    FAQs

    What type of property is this?
    Individual retail property - Fully Leased Retail Space, High ROI
    Where is this individual retail property located?
    The property is located at 25710 Eight Mile Rd Southfield, MI.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: $360,000 asking price for a 3,000 square foot retail storefront.; Located at 25710 W 8 Mile Rd, Farmington Hills, MI 48336.; Gross lease, single tenant, 100% occupancy with 3 years remaining on the lease.
    Request Owner's contact information
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    Southfield, MI 48336
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    Realmo Value Estimation

    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.

    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.

    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
    25710 Eight Mile Rd Southfield, MI 48336
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