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20411 W 12 Mile Rd 16,240 SF 100% Leased Office Building Southfield, MI 48076 $1,700,000 ($104.68/SF) 9.82% Cap Rate
Executive Summary
16,240 SF 2-story best in class multi-tenant office building
Recently updated common areas with modern finishes and materials
Stable occupancy - 100% occupied including quality service, general office and medical tenants
Tenant suites updated including flooring and lighting
Newer capital improvements include new roof and soffit (2024), HVAC (2023-2025), parking lot (2025), exterior painting (2022)
$184,000 NOI projected in 2026
Full basement partially finished available for lease for additional upside
Over parked surface parking lot with 6.3/1,000 SF parking spaces available
Central Southfield located on the south side of 12 mile road ½ mile west of Evergreen Road
Recently updated common areas with modern finishes and materials
Stable occupancy - 100% occupied including quality service, general office and medical tenants
Tenant suites updated including flooring and lighting
Newer capital improvements include new roof and soffit (2024), HVAC (2023-2025), parking lot (2025), exterior painting (2022)
$184,000 NOI projected in 2026
Full basement partially finished available for lease for additional upside
Over parked surface parking lot with 6.3/1,000 SF parking spaces available
Central Southfield located on the south side of 12 mile road ½ mile west of Evergreen Road
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,240 SF
Building Class
B
Year Built/Renovated
1971/2020
Price
$1,700,000
Price Per SF
$104.68
Cap Rate
9.82%
NOI
$167,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,120 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
1.19 AC
Zoning
OS - Office Service
Parking
100 Spaces (6.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
16,240 SF multi-tenant two-story office building for lease 2,376 SF space available Zoned OS - office or medical uses Impeccably maintained new ownership Newly surfaced 100 car parking lot New exterior paint, landscaping, and renovated interior common areas $10.00 - $16.50 gross plus electric Finished lower level office and storage
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 101 | 2,376 SF | Office | Partial Build-Out | 30 Days |
1st Fl-Ste 101
| Size |
| 2,376 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 101
| Size | 2,376 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | 30 Days |
16,240 SF multi-tenant two-story office building for lease 2,376 SF space available Zoned OS - office or medical uses Impeccably maintained new ownership Newly surfaced 100 car parking lot New exterior paint, landscaping, and renovated interior common areas $10.00 - $16.50 gross plus electric Finished lower level office and storage
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 24-15-226-034 | Improvements Assessment | $333,060 |
| Land Assessment | $103,500 | Total Assessment | $436,560 |
Property Taxes
Parcel Number
24-15-226-034
Land Assessment
$103,500
Improvements Assessment
$333,060
Total Assessment
$436,560
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