24050 9th Mile Rd, Southfield, MI 48033-3904
This exceptional investment opportunity presents a 4,875 square foot industrial flex property situated on a 0.73-acre lot at 24050-24070 W 9 Mile, Southfield, MI. Currently 100% occupied by long-term tenants, this property offers a stable and predictable income stream. Recent improvements include a brand new roof and HVAC system, ensuring efficient and cost-effective operation. The parking lot has recently been restriped, providing ample parking for tenants and visitors. Low property taxes further enhance the profitability of this investment. Each unit features separate storage space in its subdivided basement, adding significant value and utility. The property boasts a prime location with convenient access to major roads and freeways, ensuring excellent accessibility for tenants and customers. This is a turnkey investment opportunity ideal for those seeking a stable, high-return property with minimal immediate capital expenditure requirements. The property's strong tenant base and recent upgrades make it a compelling investment prospect in the thriving Southfield market. The combination of low taxes, excellent location, and recent capital improvements positions this property for continued strong performance.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Southfield, MISouthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.