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    Property profile & analytics

    18000 Eight Mile Rd Southfield, MI 48075

    • Office buildings
    • 36,873 SF
    • 1.38 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $770,000
    Last Sale
    Feb 23, 2023
    Location Intelligence
    Property ID
    US43-1448546
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 18000 Eight Mile Rd

    Year built
    1963
    Lot size
    1.38 lot acres
    Property size
    36,873 SF
    Zone code
    ERO
    Property type
    Office buildings
    APN
    76-24-36-354-002
    APU
    762436354002

    Description

    This exceptional three-story, 36,000-square-foot office building, located at 18000 Eight Mile Rd, Southfield, MI 48075, presents a unique investment opportunity. Built in 1969 and extensively renovated in 2024, the property boasts a Class C designation and offers flexible zoning ideal for a variety of uses, including traditional office, medical office, and creative office spaces. The building is divisible to a minimum of 1,500 square feet, with five spaces currently available, ranging from 200 to 12,000 square feet. Its prime location at the intersection of Southfield Highway and Eight Mile Road ensures high visibility, with over 250,000 vehicles passing daily. The property benefits from its central location within the Oakland and Wayne county region, providing easy access to the entire Detroit Metropolitan area. Convenient access to major freeways, including Southfield Highway, M-10, I-696, I-96, I-75, and I-275, further enhances its appeal. The building is equipped with a backup generator, ensuring business continuity. This versatile property is perfectly suited for businesses seeking a well-maintained, conveniently located, and adaptable office space in a thriving metropolitan area. Contact us today to learn more about this exciting opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $755,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $710,000
      Mixed-Use
      $775,000
      Hospitality
      $695,000
      Educational
      $660,000
      Residential Income
      $635,000
      Energy
      $650,000
      Income-Based Land
      $610,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2187
    Latitude
    42.445
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,672
    $60,810
    $725,520
    $786,330
    -
    $121,620
    $1,451,040
    $1,572,660

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      25800 Northwestern Hwy, Southfield, MI 48075-8403
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      OFFICE BUILDING • 551,443 SF
      21700 Northwestern Hwy, Southfield, MI 48075-4906
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    • Value Estimation by Request
      30,800 SF

      21711 10th Mile Rd

      OFFICE BUILDING • 30,800 SF
      21711 10th Mile Rd, Southfield, MI 48075-1011
      View Details
    • Value Estimation by Request
      11,878 SF

      20733 10th Mile Rd

      OFFICE BUILDING • 11,878 SF
      20733 10th Mile Rd, Southfield, MI 48075-1086
      View Details
    • Value Estimation by Request
      1,963 SF

      24225 Greenfield Rd

      OFFICE BUILDING • 1,963 SF
      24225 Greenfield Rd, Southfield, MI 48075-3117
      View Details

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    Similar Nearby for Lease

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    • $10 SF/Yr
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      Southfield Office Space Available

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      18000 Eight Mile Rd, Southfield, MI 48075
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    Southfield, MI 48075
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    Realmo Value Estimation

    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.

    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.

    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
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