Property profile

21540 W 11 Mile Rd Southfield, MI 48076

FOR SALE
Office buildings
Property ID
US43-1109477
12,224 SF 0.59 ac lot Built 1973
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 12,224 SF
21540 W 11 Mile Rd, Southfield, MI 48076
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Property summary

AI-generated overview

This exceptional 12,224 square foot office building, located at 21540 11 Mile Road in Oakland County, presents a unique investment opportunity. The property is a single-tenant building suitable for a variety of uses, including medical and traditional office spaces. Key features include one overhead door, ideal for loading and unloading, and a second-floor lab space complete with sinks, catering to specific medical or research needs. The building is partially equipped with a sprinkler system for enhanced safety. Convenient amenities include two restrooms on each floor, along with a kitchenette and breakroom on each level, providing comfortable spaces for staff and clients. Ample parking is ensured with a 40-space parking lot. The property also offers the advantage of prominent monument signage, enhancing visibility and brand recognition. Its strategic location provides convenient access to major thoroughfares, including I-696, Telegraph Road, and M-10, ensuring easy commutes for employees and clients. The current lease extends through 2033, offering long-term stability and predictable income. This property represents a compelling opportunity for investors seeking a well-maintained, strategically located office building with a strong lease in place.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 12,224 SF
Lot 0.59 ac (25,700 SF)
Zoning code OS
APN 76-24-15-353-033
UPID US43-1109477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Medical Supply Store

Location

21540 W 11 Mile Rd Southfield, MI 48076
Southfield metro Census 161200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$690k
Comparable Approach Comparable
$834k
Blend (final) Blend
$420k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

OS · Southfield, MI
Zoning description

Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and personal services

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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