Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27000 11 Mile Rd Southfield, MI 48034
    Back to Search
    Property profile & analytics

    27000 11 Mile Rd, Southfield, MI 48034

    View on Map
    • Office Spaces
    • 734,807 SF
    • 42.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blue Cross Blue Shield Of Michigan / Insurance Agency
    • Antonelli Timothy J / Pharmacy
    • Metro Office Complex / Business Management Consultant

    Property Details for 27000 11 Mile Rd

    Year built
    1985
    Lot size
    42.00 lot acres
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional four-building office campus, totaling 734,807 square feet, is offered for sale at $42,986,245 ($58.50/SF). Located at 27000 W Eleven Mile Road in Southfield, Michigan (Oakland County, zip code 48034), this property boasts a prominent location with excellent freeway access via I-696, Northwestern Highway, and the John C Lodge Freeway. Built in 1985 and extensively renovated in 2020, the campus features flexible floorplates ranging from approximately 16,000 to 21,420 square feet. The property includes abundant surface parking and deck parking in two attached structures, ensuring convenient access for tenants and visitors. Common area amenities include numerous conference and training rooms. The campus benefits from prominent building signage visible from I-696 and is situated within the vibrant Southfield office market, near the New Centrepolis Accelerator. The property sits on a 42-acre lot (APN: 24-18-351-016, 017, 018 and 24-18-351-007) and is zoned RC. This is a triple net (NNN) lease, multi-tenancy property.

    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
    -83.3094
    Latitude
    42.486

    Comparable in this City

    • Value Estimation by Request
      1,021,288 SF

      100 Galleria

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

      400 Galleria

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

      200 Galleria

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

      100 Galleria

      Office Units
      100 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      298,780 SF

      300 Galleria

      Office Units
      300 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      108,102 SF

      27301-27335 11 Mile Rd

      Life science properties
      27301-27335 11 Mile Rd, Southfield, MI 48034
      View Details

    Similar Nearby for Sale

    • 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
      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
      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
      160,289 SF

      Southfield Executive Office Space

      160,289 SF, Fully Vacant, Modern Office
      27300 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Professional Office Building with Suites

      Two-story office building with renovated, handicap-accessible suites for lease.
      28777 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space For Rent

      Office space for rent near major hospitals, easy highway access.
      26400 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Creative Office Space Sublease

      13,152 SF creative office space available for sublease.
      27777 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Suites Available

      Office suites available, ranging from 1,000 to 63,282 SF.
      300 Galleria, Southfield, MI 48034
      View Details
    • Contact for pricing
      33,873 SF

      Southfield Office Space Available

      33,873 SF office space for rent in Southfield, MI.
      300 Galleria Officentre, 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.
    27000 11 Mile Rd
    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
    27000 11 Mile Rd, 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!