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    27100 11 Mile Rd Southfield, MI 48033
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    Property profile & analytics

    27100 11 Mile Rd Southfield, MI 48033

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    • Office buildings
    • 409,313 SF
    • 5.34 lot acres
    For Lease
    $16 SF/Yr
    View Listing →
    Office Space For Lease For Lease
    $16 SF/Yr

    Office Space For Lease

    Office space available for lease.

    27100 W Eleven Mile Rd, Southfield, MI 48033
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    Property ID
    US43-4286599
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stefanini / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Fresh at Work / Cafe & Coffee Shop

    Property Details for 27100 11 Mile Rd

    Year built
    1983
    Lot size
    5.34 lot acres
    Property size
    409,313 SF
    Zone code
    RC
    Property type
    Office buildings
    APN
    76-24-18-351-018
    APU
    762418351018

    Description

    One West 11, located at 27100 W Eleven Mile Rd in Southfield, MI 48033, offers exceptional office space in a prime location. This seven-story building, totaling 110,804 square feet, underwent a complete renovation in 2020, blending modern amenities with classic architectural design. The property boasts a variety of suite sizes, accommodating businesses of all scales. Spaces range from a minimum of 1,557 square feet to a maximum contiguous space of 15,832 square feet, with a significant 51,520 square feet currently vacant. The building is zoned RC and sits on an expansive 11-acre lot, providing ample parking with 500 spaces available. Originally constructed in 1984, One West 11 caters to both executive and creative office needs, making it an ideal location for a diverse range of businesses. The property's Oakland County location (APN 24-18-351-018) offers easy access to major transportation routes and a thriving business community. Multiple tenancy options are available, allowing for flexibility in lease terms and space requirements. This is a unique opportunity to secure high-quality office space in a well-maintained and strategically located building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3106
    Latitude
    42.4863
    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
    $80,213
    $334,710
    $932,330
    $1,267,040
    -
    $669,420
    $1,864,660
    $2,534,080

    Comparable in this City

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    • Value Estimation
      $3,870,000
      94,128 SF

      28588 Northwestern Hwy

      OFFICE BUILDING • 94,128 SF
      28588 Northwestern Hwy, Southfield, MI 48034-1840
      View Details
    • Value Estimation
      $12,220,000
      248,911 SF

      28411 Northwestern Hwy

      OFFICE BUILDING • 248,911 SF
      28411 Northwestern Hwy, Southfield, MI 48034-5544
      View Details
    • Value Estimation
      $3,135,000
      66,180 SF

      25510 11th Mile Rd

      OFFICE BUILDING • 66,180 SF
      25510 11th Mile Rd, Southfield, MI 48034-2261
      View Details
    • Value Estimation
      $4,400,000
      150,510 SF

      27350 11th Mile Rd

      OFFICE BUILDING • 150,510 SF
      27350 11th Mile Rd, Southfield, MI 48034-2244
      View Details
    • Value Estimation
      $860,000
      19,566 SF

      26677 12th Mile Rd

      OFFICE BUILDING • 19,566 SF
      26677 12th Mile Rd, Southfield, MI 48034-1514
      View Details

    Similar Nearby for Sale

    • $625,000
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      Southfield Office Building For Sale

      Well-maintained office building with recent upgrades and easy freeway access.
      24700 West 11 Mile Rd, Southfield, MI 48034
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    • $8,500,000
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      Southfield Office Building For Sale

      Southfield office building for sale or lease opportunity.
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      Southfield Office Building For Sale

      225,458 SF office building in Southfield, Michigan.
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    • $1,200,000
      24,000 SF

      Well-Maintained Office Building For Sale

      Corporate-owned office building suitable for owner-occupant with easy freeway access.
      24710 West 11 Mile Rd, Southfield, MI 48034
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    • Contact for pricing
      234,866 SF

      Southfield Office Building For Sale

      234,866 SF office building in Southfield, Michigan.
      100 Galleria, Southfield, MI 48034
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    • Contact for pricing
      41,128 SF

      Southfield Office Building For Sale

      Office building with 41,128 square feet available for sale.
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    Similar Nearby for Lease

    • $16 SF/Yr

      Class A Office Building

      Class A office building in the heart of Southfield.
      25925 Telegraph Rd, Southfield, MI 48034
      View Details
    • $16 SF/Yr
      1,504 SF

      Updated Office Building Near I-696

      Three-story office building with recent renovations and excellent highway access.
      24725 W Twelve Mile Rd, Southfield, MI 48034
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    • Contact for pricing
      20,164 SF

      Southfield Office Building For Lease

      Centrally located office building with convenient access and ample parking.
      26776 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Office Building For Lease

      Full office building available for lease with up to 255,000 SF.
      200 Galleria, Southfield, MI 48034
      View Details
    • Contact for pricing
      4,975 SF

      Southfield Office and Tech Space

      Office and tech space for lease in Southfield, Michigan.
      300-400 Galleria Officentre, Southfield, MI 48034
      View Details
    View Listing
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    Southfield, MI 48033
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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