Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100-200 Galleria Officentre Southfield, MI 48034
    Back to Search
    Property profile & analytics

    100-200 Galleria Officentre, Southfield, MI 48034

    View on Map
    • Office Spaces
    • 480,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 100-200 Galleria Officentre

    Year built
    1987
    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional Southfield, Michigan office and industrial property, known as 100-200 Galleria Officentre, offers 480,000 square feet of versatile space across multiple tenancies. Situated on a substantial 24.82-acre lot, this property boasts a prime location in Oakland County, with the address 100-200 Galleria Officentre, Southfield, MI 48034. Originally constructed in 1987 and extensively renovated in 2005, the building is zoned RC-Regional Center, allowing for a wide range of commercial uses. The property features both executive office suites and flexible workspace options, catering to diverse business needs. Its substantial size and adaptable layout make it ideal for a variety of tenants, from small businesses to large corporations. The property's location in Southfield provides easy access to major transportation routes and amenities. The parcel numbers are 24-17-176-009 and 24-17-176-08. This is a rare opportunity to acquire a significant commercial property in a thriving Michigan market. Currently, at least one space is available. Interested parties should inquire for details on available space and lease terms. The property's size and location make it a compelling investment opportunity.

    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
    -83.2923
    Latitude
    42.496

    Comparable in this City

    • 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
    • Value Estimation by Request
      1,021,288 SF

      100 Galleria

      Office Units
      100 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      734,807 SF

      27000 11 Mile Rd

      Office Units
      27000 11 Mile Rd, Southfield, MI 48034
      View Details
    • Value Estimation by Request

      28446 Franklin Rd

      Medical Office Space
      28446 Franklin Rd, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      225,458 SF

      200 Galleria

      Office Spaces
      200 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      55,790 SF

      28200-28336 Franklin Rd

      Medical Office Space
      28200-28336 Franklin 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
    • $6,619,500

      Southfield Flex/Industrial/Office Space For Sale

      Flexible zoning allows for industrial, office, and medical uses.
      25510 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
      183,389 SF

      Single-Tenant Industrial Asset For Sale

      Single-tenant industrial property with absolute NNN lease structure.
      26360 American Dr, 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

      Galleria Officentre Office Space Available

      Office space available in Galleria Officentre, Southfield, Michigan.
      100-200 Galleria Officentre, Southfield, MI 48034
      View Details
    • Contact for pricing

      Flexible Space Available For Rent

      Flexible zoning suitable for industrial, office, and medical purposes.
      25510 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      4,975 SF

      Southfield Office and Tech Space

      Office and tech space for lease in Southfield, Michigan.
      300-400 Galleria Officentre, Southfield, MI 48034
      View Details
    • Contact for pricing
      25,956 SF

      Renovated Southfield Office/Flex Space

      Recently renovated office and flex space with shop area.
      25650 11 Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space For Lease

      Office space available for lease in Southfield, Michigan.
      27650-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office spaces available for lease in Southfield, Michigan.
      28200-28336 Franklin Rd, 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.
    100-200 Galleria Officentre
    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
    100-200 Galleria Officentre, 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!