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Property profile & analytics
FOR LEASE
Office buildings
28411 Northwestern Hwy, Southfield, MI 48034
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1040503
For Lease
1 / 9
$21 SF/Yr
28411 Northwestern Hwy, Southfield, MI 48034
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Property summary
AI-generated overview
One Northwestern Plaza, located at 28411 Northwestern Hwy in Southfield, Michigan, offers premier Class A executive office space for lease. This 237,615 square foot building, constructed in 1989 and extensively renovated in 2016, boasts a range of suite sizes to accommodate various business needs. Currently, there are 38,709 square feet of vacant space available, with minimum divisible units starting at 1,451 square feet and maximum contiguous space reaching 9,316 square feet. The building is zoned RC and features ample parking with 646 spaces available for tenants. Its prime location in Oakland County (APN 24-17-151-010), within the vibrant Southfield business district, provides easy access to major transportation routes and amenities. The building's modern design and high-quality finishes reflect its Class A designation, making it an ideal location for businesses seeking a prestigious and functional workspace. The property is perfect for businesses seeking flexible office solutions, ranging from smaller executive suites to larger contiguous spaces. Inquire today to learn more about available suites and lease terms.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
248,911 SF
Lot
4.55 ac (198,198 SF)
Zoning code
RC
APN
76-24-17-151-010
UPID
US43-1040503
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Stifel Financial Advisor
-
Academic Internal Medicine Specialists Hospital
-
Dmcaco Medical Clinic
-
Mission Point Dental Wellness Associates Dental Office
-
Earl K Bogrow & Associates Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.06M
Comparable Approach
Comparable
$8.97M
Blend (final)
Blend
$12.22M
Owner & transaction history
Onp Owner LLC · 13 yrs held
Onp Owner LLC
since 2013
5 recorded transactions
Zoning & alternative use
RC · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$20.2M
+2.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,235,000
6.5%
$14,060,000
7%
$13,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,700,000
Current use
INDUSTRIAL (GENERAL)
$20,155,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$12.22M
Range $11.00M – $13.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$630,179
Tax year 2020
Assessed value
$11,662,850
Assessed 2022
Previous assessed
$11,662,850
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$259,640
Assessed improvement
$11,403,210
Land market value
$519,280
Improvement market value
$22,806,420
Total market value
$23,325,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
PACKAGE
Cooling
YES
Stories
13
Units
1
Total area
248,911 SF
Lot
4.55 ac (198,198 SF)
Zoning code
RC
APN
76-24-17-151-010
UPID
US43-1040503
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RC · Southfield, MI
Zoning RC · permitted uses
RC · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$19.7M
INDUSTRIAL (GENERAL)
Est. value
$20.2M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
PACKAGE
Cooling
Yes
Stories
13
Units
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
Onp Owner LLC
Entity
Mailing address
30200 TELEGRAPH RD STE #205, BINGHAM FARMS, MI 48025-4503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
—
Onp Owner LLC
—
Grant Deed
related
$17,850,000 · Ladder Cap Fin
Feb 13, 2013
—
Onp Owner LLC
Northwestern Plaza LP
Grant Deed
$12,350,000 · Ladder Capital Finance I LLC
Nov 21, 2005
—
One Northwestern Plaza
Prentiss Props R/e Fund I
Grant Deed
—
Nov 15, 2005
—
One Northwestern Plaza
—
Deed Of Trust
related
$325,000,000 · Greenwich Capital Fin'l INC
—
—
One Northwestern Plaza LP
—
Deed Of Trust
related
$325,000 · Royal Bank Scotland Plc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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