Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26400 Southfield Rd Lathrup Village, MI 48076

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,500 sq ft Office, Prime Location, Available April 1st

    Lot size:
    2,500 SF

    Property Features for 26400 Southfield Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,500 SF

    Spaces For Lease

    at 26400 Southfield Rd, Lathrup Village, MI 48076 Contact us
    Unit

    $15 /Mo

    Size
    2,500 SF
    Contact us

    We can help!

    Listing Contact
    Michael Rose
    Michael Rose

    Listing Agency: Burger & Company Listing Agent: Michael Rose

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,500 square foot single-tenant office space is ideally situated at 26400 Southfield Road in Lathrup Village, Michigan, within Oakland County. The property features a traditional office layout, perfect for a professional business seeking a comfortable and functional workspace. The first floor is available for lease and includes multiple private offices, a dedicated conference room, and ample space for staff. The building offers excellent signage opportunities, enhancing visibility and brand recognition. Under new ownership, this property benefits from recent improvements and a commitment to maintaining a high standard of quality. Its strategic location provides convenient access to I-696, allowing for easy commutes and efficient transportation. The surrounding area boasts a vibrant mix of restaurants and shopping options, catering to the needs of employees and clients alike. Furthermore, the property enjoys proximity to major healthcare facilities, being only four miles from Beaumont Royal Oak and a convenient twenty-minute drive to downtown Detroit. This turnkey office space is ready for immediate occupancy, with an availability date of April 1, 2024. Don't miss this opportunity to secure a prime location for your business in a thriving community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lathrup Village
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2211121
    Latitude
    42.4841618

    Nearby Similar for Lease

    • $2,000 /Mo
      1,500 SF

      Updated Office Suite in Lathrup

      Contemporary 1500 SF office suite with versatile layout for rent.
      26440 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $2,000 /Mo
      1,500 SF

      Lathrup Village Commercial Space

      Office/retail space for lease on a major thoroughfare.
      26440 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $3,500 /Mo

      Lathrup Village Retail/Office Space

      1,700 SF commercial space on Southfield Road for lease.
      28911 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • Contact for pricing

      Lathrup Village Commercial Space

      Commercial space available for rent in Lathrup Village.
      28250 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $16 SF/Yr
      5,920 SF

      Southfield Road Creative Office Suite

      Modern 1500 sq ft office, updated finishes
      26440 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $16 SF/Yr
      5,920 SF

      Lathrup Village Creative Office Suite

      1,500 SF Creative Office Space for Lease
      26440 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $18 SF/Yr
      8,485 SF

      Lathrup Village Medical Office Space

      Prime Medical Office, 8,485 SF, Oakland County
      26245 Southfield Rd, Lathrup Village, MI 48076
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 2,500 sq ft Office, Prime Location, Available April 1st
    Where is this office property / space located?
    The property is located at 26400 Southfield Rd Lathrup Village, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    (248) 536-2888 Call to check price and availability
    Request Owner's contact information
    26400 Southfield Rd Lathrup Village, MI 48076
    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.
    26400 Southfield Rd
    Lathrup Village, MI 48076
    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
    26400 Southfield Rd Lathrup Village, MI 48076
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rose
    Michael Rose
    Real Estate License ID: 6501308575
    (248) 536-2888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!