24768 Lahser Rd Southfield, MI 48033-6004
Property profile & analytics
24768 Lahser Rd Southfield, MI 48033-6004
- Office buildings
- 5,684 SF
- 0.97 lot acres
Property ID
US43-4869781
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Steve's Dental Laboratory / Dental Office
- Pivot Staffing / Employment Agency
- Facility Site Solutions / General Contractor
Property Details for 24768 Lahser Rd
- Year built
- 1966
- Lot size
- 0.97 lot acres
- Property size
- 5,684 SF
- Zone code
- OS
- Property type
- Office buildings
- APN
- 76-24-27-101-006
- APU
- 762427101006
Description
This exceptional two-story executive office building, located at 24768 Lahser Rd in Southfield, Michigan, presents a compelling investment opportunity. The 5,500 square foot building sits on a one-acre lot and boasts a strong 93% occupancy rate with five stabilized tenants. The current asking price is $375,000, translating to a desirable $68.18 per square foot. The property enjoys a healthy net operating income (NOI) of $40,000, yielding a 10.67% capitalization rate. Recent capital improvements include a new exterior paint job, roof replacement, and HVAC upgrades, minimizing immediate maintenance needs. Leases are all under five years, ensuring long-term stability. The building features a split-level design with four suites, and there's potential for an owner-user to occupy approximately 1,200 square feet of currently available space. Conveniently located 1.5 miles from I-696 and M-10 Lodge freeways, this easy-to-manage property offers significant upside potential for investors seeking a stabilized, high-return investment in the thriving Southfield market. The property's zip code is 48033, and it's situated in Oakland County.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2597
- Latitude
- 42.4708
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,237
$60,620
$111,130
$171,750
-
$121,240
$222,260
$343,500
