Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27301-27335 11 Mile Rd Southfield, MI 48034
    Back to Search
    Property profile & analytics

    27301-27335 11 Mile Rd, Southfield, MI 48034

    View on Map
    • Life science properties
    • 108,102 SF
    • 9.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Life science properties

    Property Details for 27301-27335 11 Mile Rd

    Year built
    1987
    Lot size
    9.20 lot acres
    Property type
    Life science properties
    Property subtype
    Office Spaces

    Description

    Sun Research Park offers a prime opportunity for businesses seeking flexible office and R&D space in Southfield, Oakland County. This 108,102 square foot multi-tenant building, constructed in 1987, boasts 15,878 square feet of immediately available space. The property sits on a generous 9.2-acre lot and is zoned B-2. The available space is easily divisible, offering flexibility for various business needs. Features include impressive 18-foot clear ceiling heights (10-foot drop ceilings in office areas), abundant natural light from floor-to-ceiling windows, and the potential for adding overhead doors. The building is equipped with generators and heavy power, benefiting from a DTE substation across the street. Prominent building façade and ground monument signage opportunities are available. Ample surface parking is provided at a 4.5 spaces per 1,000 square feet ratio. Its convenient location in Southfield offers easy access to major freeways, including I-696, M-10, and the Southfield Freeway. The property benefits from new ownership and management and maintains a safe and healthy work environment. The APN is 24-19-100-221.

    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
    -83.2881
    Latitude
    42.4966

    Comparable in this City

    • Value Estimation by Request
      480,000 SF

      100-200 Galleria Officentre

      Flex space
      100-200 Galleria Officentre, 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
      298,780 SF

      300 Galleria

      Office Units
      300 Galleria, 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
      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

    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
      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

      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

    Similar Nearby for Lease

    • 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
      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

      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
      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
      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
    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.
    27301-27335 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
    27301-27335 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!