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Financial
Distress signals
Property profile

24370 Northwestern Hwy Southfield, MI 48075

FOR LEASE
Office buildings
Property ID
US43-1742005
16,616 SF 1.1 ac lot Built 1968
Last sale Nov 2012 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
24370 Northwestern Hwy, Southfield, MI 48075 For Lease
$12 SF/Yr
24370 Northwestern Hwy, Southfield, MI 48075
View Listing

Property summary

AI-generated overview

This exceptional Southfield, Michigan office property, located at 24370 Northwestern Highway, offers 24,000 square feet of prime office space available for lease. Built in 1968 and extensively renovated in 2013, the building provides a blend of classic charm and modern functionality. The property is zoned OS and features a convenient multiple tenancy structure, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 8,000 square feet. Currently, the entire…

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.

Debts

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 · 2022

What does the county charge?
$30k
Tax billed · 2022
Assessed value$430k
Assessed land$69k
Assessed improvement$361k
Effective rate7.05%

Value estimate

· Oct 2026
$480k
$432k – $528k
AI approach$480k
CAP approach$940k
Submarket $/SF estimate$991k
NOI build-up
Gross scheduled income$144k
Vacancy & credit loss−$34k
Operating expenses−$28k
NOI · 688,500.00% cap applied$83k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$30 – $84
Qualifying comparables10

Cap rate analysis

How does the asset earn?
688,500.00%
$83k 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?
R-E
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
General categoryRESIDENTIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop23.6
Building Supply23.0
Auto Parts Store20.3

Location

24370 Northwestern Hwy Southfield, MI 48075
County assessor Recorded deeds · 4 transfers 10 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
19390 10th Mile, Southfield, MI 48075-2458 $1,500,000 Feb 2026 23,411 SF
24001 Southfield, Southfield, MI 48075-2816 $1,150,000 May 2023 16,050 SF
17200 10th Mile, Southfield, MI 48075-2928 $960,000 Mar 2022 15,728 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?”
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