Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    300 Galleria Southfield, MI 48034
    Property profile & analytics

    300 Galleria Southfield, MI 48034

    View on Map
    • Office Spaces
    • 298,780 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 300 Galleria

    Year built
    1987
    Property size
    298,780 SF
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional Class A office building, the Galleria Officentre at 300 Galleria in Southfield, Michigan, offers a diverse range of executive and creative office spaces. Built in 1987 and extensively renovated in 2018, the property boasts a total of 298,780 square feet, providing ample room for businesses of all sizes. The building is zoned RC-Regional Center and features a convenient parking ratio of 4 spaces per 1000 square feet. Individual suites range from a minimum of 915 square feet to a maximum contiguous space of 62,293 square feet, offering flexibility for various tenant needs. Currently, there are 209,106 square feet of vacant space available. Located in Oakland County, with the address 300 Galleria, Southfield, MI 48034 (APN 24-17-126-049), this property provides easy access to major transportation routes and amenities. The building's modern design and recent renovations ensure a comfortable and productive work environment. This is an excellent opportunity to secure prime office space in a thriving Southfield location. The property is categorized as both Executive and Creative Office space, catering to a wide range of professional businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2935
    Latitude
    42.4966

    Comparable in this City

    • Value Estimation by Request
      734,807 SF

      27000 11 Mile Rd

      Office Units • 734,807 SF
      27000 11 Mile Rd, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      1,021,288 SF

      100 Galleria

      Office Units • 1,021,288 SF
      100 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      108,102 SF

      27301-27335 11 Mile Rd

      Life science properties • 108,102 SF
      27301-27335 11 Mile Rd, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      245,861 SF

      400 Galleria

      Office Units • 245,861 SF
      400 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      255,636 SF

      200 Galleria

      Office Units • 255,636 SF
      200 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      234,866 SF

      100 Galleria

      Office Units • 234,866 SF
      100 Galleria, Southfield, MI 48034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,128 SF

      Southfield Office/Medical Space Available

      Office or medical space for sale or lease in Southfield.
      27694-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      108,102 SF

      Southfield Flex/Industrial Property For Sale

      Flex/Industrial property available for sale in Southfield, Michigan.
      27301-27335 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Building For Sale

      Office building with high-end finishes and convenient freeway access.
      25900 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      10,400 SF

      High-Visibility Retail/Office Investment Opportunity

      Versatile property with high traffic, development potential, and diverse zoning.
      29229 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing
      5,000 SF

      Southfield Office Space Available

      5,000 sqft office space for sale in Southfield.
      300 Galleria Officentre, Southfield, MI 48034
      View Details
    • $625,000
      15,580 SF

      Southfield Office Building For Sale

      Well-maintained office building with recent upgrades and easy freeway access.
      24700 West 11 Mile Rd, Southfield, MI 48034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Southfield Office Space For Rent

      Affordable office space with all utilities included in rent.
      25811 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Retail Center on Northwestern Highway

      Well-maintained retail center in Southfield with high visibility.
      28637 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $600 /Mo
      175 SF

      Southfield Office Suite For Rent

      Single room office suite in a prime Southfield location.
      29623 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space Available

      Furnished office space for sublease or sale in Southfield, MI.
      27300 West 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space Available

      Office space for rent in Southfield, Michigan.
      25811 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      2,252 SF

      Southfield Office Space Available

      Office space available for rent in Southfield, Michigan.
      29425 Northwestern Hwy, Southfield, MI 48034
      View Details
    Request Owner's contact information
    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.
    300 Galleria
    Southfield, MI 48034
    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
    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

    Thank You for Inquiry
    300 Galleria, Southfield, MI, 48034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!