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    OFF-MARKET Estimated value $1,540,000
    Medical Office Space

    20411 12th Mile Rd, Southfield, MI 48076-5414

    16,240 SF 1.19 ac lot Built 1971
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US43-1299765
    Property summary
    AI-generated overview

    This exceptional Southfield office space, located at 20411 W Twelve Mile Road, offers 2,376 square feet of immediately available space in a well-maintained building. The property, situated on a 1.19-acre lot, boasts a total of 16,240 square feet across two stories and was extensively renovated in 2018, ensuring modern amenities and functionality. The building features ample parking with 100 spaces available for tenants and visitors. This executive office space is part of a multi-tenant building, offering a collaborative and professional environment. The minimum divisible space is 961 square feet, allowing for flexibility depending on individual business needs, while the maximum contiguous space available is 2,376 square feet. The building was originally constructed in 1971 and is zoned OS, reflecting its suitability for office use. The property's Oakland County location, with its convenient access to major roadways and amenities, makes it an ideal location for businesses seeking a prominent Southfield address. The property's APN is 24-15-226-034 and the zip code is 48076. This is a rare opportunity to secure high-quality office space in a desirable location. Inquire today to learn more about leasing options.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1971
    Total area 16,240 SF
    Lot 1.19 ac (51,749 SF)
    Zoning code OS
    APN 76-24-15-226-034
    UPID US43-1299765
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.77M
    Blend (final) Blend
    $1.54M
    Owner & transaction history
    Jol Real Estate LLC · 7 yrs held
    Jol Real Estate LLC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    OS · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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