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Property profile & analytics
FOR LEASE
Office buildings

26440 Southfield Rd Lathrup Village, MI 48076

5,920 SF 0.28 ac lot Built 1966
Entity Owned 26-yr Hold Absentee Owner Free & Clear
Property ID
US43-0292172
Property summary
AI-generated overview

This exceptional 1,500-square-foot creative office suite is located at 26440 Southfield Road, Suite 6, Lathrup Village, Michigan, in Oakland County. Situated south of Southfield Road and west of 11 Mile Road, this single-tenant space boasts recently updated features including fresh white paint, attractive millwork, elegant French doors, and modern 2x2 ceiling panels with recessed lighting in the reception area. The suite includes two private lavatories and a built-in reception area featuring a granite countertop. The versatile layout offers approximately six private offices and at least three open-plan areas, all benefiting from abundant natural light thanks to large slider windows facing west. The suite has its own separate electric and gas meters, along with individual HVAC control. Water is included in the lease. The building offers added security with surveillance cameras covering the common areas and parking lot, which is illuminated by dusk-to-dawn lighting. Weekly common area cleaning, snow removal, and lawn maintenance are provided. Tenants are responsible for obtaining and maintaining current business licenses with the City of Lathrup Village. The owner prefers office use and will give priority to applicants seeking such use. Personal care service businesses are not preferred. Rent concessions may be available for pre-approved tenant improvements. The total building size is 5,920 square feet, and the property is zoned Commercial, Multiple, Office.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1966
Total area 5,920 SF
Lot 0.28 ac (12,197 SF)
Zoning code BI
APN 40-24-24-151-014
UPID US43-0292172
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$634k
Blend (final) Blend
$530k
Owner & transaction history
Nsfsou Investments I LLC · 26 yrs held
Nsfsou Investments I LLC
since 1999
4 recorded transactions
1999
Price N/A
1999
$270,000
1999
$190,000
1999
$225,000
Zoning & alternative use
BI · Lathrup Village, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $725,000 +14.9%
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