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    24370 Northwestern Hwy Southfield, MI 48075

    • Office buildings
    • 16,616 SF
    • 1.10 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    $515,000
    Location Intelligence
    Property ID
    US43-1742005
    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

    • Knight Drugs / Pharmacy
    • Mortgage Builder / Mortgage Lender
    • Party Layne / Wedding Planner / Event Planner
    • Law Offices of Joumana Kayrouz, P.L.L.C. / Law Firm / Bankruptcy Attorney
    • The Business Loan Connection / Mortgage Lender

    Property Details for 24370 Northwestern Hwy

    Year built
    1968
    Lot size
    1.10 lot acres
    Property size
    16,616 SF
    Zone code
    R-E
    Property type
    Office buildings
    APN
    76-24-26-177-016
    APU
    762426177016

    Description

    This exceptional Southfield, Michigan office property, located at 24370 Northwestern Highway, offers 24,000 square feet of prime office space available for lease. Built in 1968 and extensively renovated in 2013, the building provides a blend of classic charm and modern functionality. The property is zoned OS and features a convenient multiple tenancy structure, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 8,000 square feet. Currently, the entire 24,000 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. Ample parking is available with 100 spaces on-site. The property's Oakland County location, with an APN of 24-26-177-016, offers easy access to major transportation routes and amenities. This versatile space is ideal for businesses seeking executive office suites or coworking arrangements, providing a professional and efficient environment for their operations. The property's modern design and convenient location make it an attractive option for a variety of businesses. The zip code is 48075.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $545,000
      6.5%
      $495,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $560,000
      Retail
      $620,000
      Mixed-Use
      $640,000
      Hospitality
      $615,000
      Educational
      $615,000
      Residential Income
      $630,000
      Energy
      $570,000
      Income-Based Land
      $505,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2345
    Latitude
    42.4685
    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
    $30,297
    $69,150
    $360,640
    $429,790
    -
    $138,300
    $721,280
    $859,580

    Comparable in this City

    • Value Estimation by Request
      134,959 SF

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      View Details
    • Value Estimation by Request
      655,519 SF

      25800 Northwestern Hwy

      OFFICE BUILDING • 655,519 SF
      25800 Northwestern Hwy, Southfield, MI 48075-8403
      View Details
    • Value Estimation by Request
      551,443 SF

      21700 Northwestern Hwy

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

      21711 10th Mile Rd

      OFFICE BUILDING • 30,800 SF
      21711 10th Mile Rd, Southfield, MI 48075-1011
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    • 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

    • $11,550 /Mo

      Updated Office Building For Lease

      Updated office building for lease in Southfield, priced to move.
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      Professionally managed office building with renovated common areas and highway access.
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      Cornerstone Southfield location with flexible office suite configurations.
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    • $10 SF/Yr
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    24370 Northwestern Hwy
    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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