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Property profile

29688 Telegraph Rd Southfield, MI 48034

Office buildings
Property ID
US43-0887086
View Sample
12,975 SF 1.17 ac lot Built 1983
Entity Owned 5-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional single-story building at 29688 Telegraph Road in Southfield, Michigan offers 1,218 to 4,711 square feet of flexible retail and office space for lease. The property is zoned OS, Office Service, and features direct entry suites with ample natural light from abundant windows. Benefit from high visibility with signage directly on Telegraph Road, ensuring excellent exposure to potential customers. Enjoy convenient access to major thoroughfares, including I-696 and M-10 freeways, simplifying commutes for employees and clients. A variety of dining establishments are located nearby, providing numerous lunch and after-work options. The building is professionally maintained, and recent improvements include a new parking lot. Individual utility meters ensure efficient cost allocation. This property presents a fantastic opportunity for businesses seeking a well-located, versatile space in a thriving Oakland County community. The building's single-story design and convenient access points make it an ideal location for a variety of businesses. The available space is perfect for businesses seeking a high-profile location with easy access to major transportation routes and a variety of amenities. The property's excellent condition and recent upgrades, including the new parking lot, ensure a comfortable and functional workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Total area 12,975 SF
Lot 1.17 ac (51,009 SF)
Zoning code OS
APN 76-24-08-426-133
UPID US43-0887086

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Rehabilitation Center
  • Physician
  • Business Management Consultant Accounting Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
$735k
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2021
Price N/A

Zoning & alternative use

OS · Southfield, MI
Zoning description

Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and personal services

General category UNKNOWN

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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More about this property
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