Property profile

26400 Southfield Rd Lathrup Village, MI 48076

FOR LEASE
Office buildings
Property ID
US43-0273633
5,022 SF 0.28 ac lot Built 1961
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,500 square foot single-tenant office space is ideally situated at 26400 Southfield Road in Lathrup Village, Michigan, within Oakland County. The property features a traditional office layout, perfect for a professional business seeking a comfortable and functional workspace. The first floor is available for lease and includes multiple private offices, a dedicated conference room, and ample space for staff. The building offers excellent signage opportunities, enhancing visibility and brand recognition. Under new ownership, this property benefits from recent improvements and a commitment to maintaining a high standard of quality. Its strategic location provides convenient access to I-696, allowing for easy commutes and efficient transportation. The surrounding area boasts a vibrant mix of restaurants and shopping options, catering to the needs of employees and clients alike. Furthermore, the property enjoys proximity to major healthcare facilities, being only four miles from Beaumont Royal Oak and a convenient twenty-minute drive to downtown Detroit. This turnkey office space is ready for immediate occupancy, with an availability date of April 1, 2024. Don't miss this opportunity to secure a prime location for your business in a thriving community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1961
Total area 5,022 SF
Lot 0.28 ac (12,197 SF)
Zoning code BI
APN 40-24-24-151-007
UPID US43-0273633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

26400 Southfield Rd Lathrup Village, MI 48076
Lathrup Village metro Census 160000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2024
Last sale
$500,000
7 recorded transactions
2024
$500,000
2023
Price N/A
2009
$247,000
1999
$254,500
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Lathrup Village, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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