Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    27777 Franklin Rd Southfield, MI 48034
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27777 Franklin Rd Southfield, MI 48034

    View on Map
    • Commercial real estate
    • 32.44 lot acres
    For Lease
    View Listing →
    27777 Franklin Rd, Southfield, MI 48034 For Lease
    Contact for pricing

    27777 Franklin Rd, Southfield, MI 48034

    13,152 SF creative office space available for sublease.

    27777 Franklin Rd, Southfield, MI 48034
    View Listing
    Property ID
    US43-0846877
    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

    • Impellam Group PLC - Southfield - USA / Business Management Consultant / Business Development Service
    • Bright Insurance Agency / Insurance Agency
    • Edward Petersmarck / Financial Advisor
    • Corecap Investments / Financial Advisor
    • James Parks Attorney at Law / Law Firm

    Property Details for 27777 Franklin Rd

    Year built
    1974
    Lot size
    32.44 lot acres
    Zone code
    RC
    Property type
    Commercial real estate
    APN
    76-24-17-351-021
    APU
    762417351021

    Description

    American Center, located at 27777 Franklin Rd, Southfield, MI 48034, offers a remarkable 13,152 square foot sublease opportunity within a prestigious Class A, 535,000 square foot building. This executive office space, situated on a 32-acre lot in Oakland County's Southfield submarket, boasts a recently built-out, cool, creative design featuring open ceilings. The space is fully furnished and ready for immediate occupancy, offering a plug-and-play solution with seating for 96. Enjoy exceptional views from this modern workspace. Built in 1975 and renovated in 1992, the American Center provides a full-service environment with on-site management, a fitness center, Fooda, a convenience store, and an ATM. The master lease expires May 31, 2026. This exceptional opportunity is perfect for a company seeking a move-in ready, high-quality office space in a prime Southfield location. The property is multi-tenant.

    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
    -83.2984
    Latitude
    42.4899
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $565,000
      13.56 Acres

      28545 Franklin Rd

      COMMERCIAL (GENERAL) • 13.56 Acres
      28545 Franklin Rd, Southfield, MI 48034-1662
      View Details
    • Value Estimation
      $20,405,000
      213,135 SF

      25800 11th Mile Rd

      COMMERCIAL (GENERAL) • 213,135 SF
      25800 11th Mile Rd, Southfield, MI 48034-6196
      View Details
    • Value Estimation by Request
      24.12 Acres

      26400 11th Mile Rd

      COMMERCIAL (GENERAL) • 24.12 Acres
      26400 11th Mile Rd, Southfield, MI 48034-2248
      View Details
    • Value Estimation by Request
      500 SF

      12 Mile Rd

      COMMERCIAL (GENERAL) • 500 SF
      12 Mile Rd, Southfield, MI 48034
      View Details
    • Value Estimation by Request
      1,648 SF

      23410 12th Mile Rd

      COMMERCIAL (GENERAL) • 1,648 SF
      23410 12th Mile Rd, Southfield, MI 48034-1489
      View Details
    • Value Estimation by Request
      0.56 Acres

      28844 Northwestern Hwy

      COMMERCIAL (GENERAL) • 0.56 Acres
      28844 Northwestern Hwy, Southfield, MI 48034-1831
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,000 SF

      Southfield Office Building For Sale

      Office building available for purchase in Southfield, Michigan.
      24293 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      1,874 SF

      Established Gas Station on Hard Corner

      Gas station with high traffic location and established customer base.
      29150 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing
      41,128 SF

      Southfield Office/Medical Space Available

      Office or medical space for sale or lease in Southfield.
      27694-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      183,389 SF

      Single-Tenant Industrial Asset For Sale

      Single-tenant industrial property with absolute NNN lease structure.
      26360 American Dr, Southfield, MI 48034
      View Details
    • Contact for pricing
      20,164 SF

      Southfield Office Building For Sale

      Office building with 20164 square feet available for sale.
      26776 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      10,400 SF

      High-Visibility Retail/Office Investment Opportunity

      Versatile property with high traffic, development potential, and diverse zoning.
      29229 Northwestern Hwy, Southfield, MI 48034
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,929 SF

      Southfield Retail/Office Space For Lease

      Prime Southfield location, flexible suites available.
      29688 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      29777 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Southfield, Michigan.
      29777 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Office Suites Available For Rent

      Office suites available for rent in Southfield, Michigan.
      400 Galleria, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space for Rent

      Flexible office suites available in Southfield, Michigan.
      28625 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space Available

      Office and flex spaces available for rent in Southfield.
      27301-27335 West 11 Mile Rd, Southfield, MI 48034
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    27777 Franklin Rd
    Southfield, MI 48034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!