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    Property profile & analytics
    OFF-MARKET Estimated value $795,000
    Office buildings

    21540 11th Mile Rd, Southfield, MI 48076-3843

    12,224 SF 0.59 ac lot Built 1973
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1109477
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Fitzpatrick Wilson, MD Physician
    • Ashley Fields Physician
    • Dr. Rigel Galera Pediatrician Physician
    • Uzair Munshey Pediatrician Physician
    • Rapid Respiratory Services Inc Medical Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $690k
    Comparable Approach Comparable
    $834k
    Blend (final) Blend
    $795k
    Owner & transaction history
    21540 Eleven Mile Road LLC · 6 yrs held
    21540 Eleven Mile Road LLC
    since 2019
    3 recorded transactions
    2019
    2007
    1969
    Zoning & alternative use
    OS · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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