Financial
Distress signals
Property profile

26060 Southfield Rd Lathrup Village, MI 48076

FOR SALE
Office buildings
View Listing
Property ID
US43-1346811
9,701 SF 0.65 ac lot Built 1966
Last sale Sep 2002 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional multi-tenant office building, located at 26060 Southfield Road in Lathrup Village, Michigan, presents a unique investment opportunity. The 15,492 square foot building, constructed in 1966 and renovated in 2000, is classified as Class C and sits on a 0.65-acre lot. The property offers a net rentable area of 5,733 square feet, currently available for lease or sale. Suites ranging from 2,553 to 5,733 square feet are available, each with convenient direct parking lot access. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value · 2024$362k
Effective rate4.55%

Value estimate

· Sep 2026
$390k
$351k – $429k
Submarket $/SF estimate$1.07M
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$22k
Operating expenses−$18k
NOI · 356,729.10% cap applied$53k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$107/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$72 – $130
Qualifying comparables6

Cap rate analysis

How does the asset earn?
356,729.10%
$53k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.1
Auto Parts Store14.5
Grocery Store12.7

Location

26060 Southfield Rd Lathrup Village, MI 48076
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30233 Southfield, Southfield, MI 48076-1304 $1,950,000 Dec 2023 12,180 SF
20505 12th Mile, Southfield, MI 48076-5410 $650,000 Jul 2022 6,555 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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