24800 Lahser Rd Southfield, MI 48033-3237
Property profile & analytics
24800 Lahser Rd Southfield, MI 48033-3237
- Medical Office Space
- 2,464 SF
- 0.97 lot acres
Property ID
US43-0169350
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
- Waheed Irum DDS / Dental Office
- Dr. Avis Broussard / Dental Office
- TFD - Southfield / Dental Office
Property Details for 24800 Lahser Rd
- Year built
- 1958
- Lot size
- 0.97 lot acres
- Property size
- 2,464 SF
- Zone code
- OS
- Property type
- Medical Office Space
- Property subtype
- Medical space
- APN
- 76-24-27-101-005
- APU
- 762427101005
Description
This exceptional investment opportunity presents a 4,002 square foot, fully leased Class B medical office building located at 24800 Lahser Rd, Southfield, MI 48033. The property, built in 1958 and renovated in 2018, sits on a one-acre lot and boasts a strong 9.55% cap rate with a Net lease in place. Currently occupied by a credit-rated tenant, Tru Family Dental, under a single-tenant lease with a remaining term of approximately 0.9 years (expiring 10/31/2025), the lease commenced on November 1, 2022. The asking price is $575,000, translating to $143.68 per square foot and $100,000 per acre. The building features two stories and is zoned for office use. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $54,894. This is a rare opportunity to acquire a stable, high-performing medical office building in a desirable Southfield location. The tenant has a proven track record and the building is in excellent condition. Lease options are available. This is an institutional-grade investment with 100% occupancy since December 1, 2017. No rent bumps are included in the lease.
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
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Location Insight
- Map
- Local Demand
- City
- Southfield
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2598
- Latitude
- 42.4711
- 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
$11,138
$60,620
$147,680
$208,300
-
$121,240
$295,360
$416,600
