100 Galleria OfficentreSouthfield, MI 48034

Property Details for 100 Galleria Officentre

Year built

1982

Lot size

11.62 AC

Property size (Sq ft)

491,000 SF

Zone code

RC

Property type

Office buildings

APN

76-24-17-176-009

APU

762417176009

Description

This exceptional Class A office building, the Galleria Officentre located at 100 Galleria in Southfield, Michigan, offers a wide range of office spaces to suit diverse business needs. Built in 1987 and extensively renovated in 2018, this property boasts a total of 234,866 square feet of premium office space. The building is zoned RC - Regional Center, ensuring flexibility for various business types. Multiple tenancy options are available, with individual suites ranging from a minimum of 952 square feet. For larger businesses, contiguous spaces up to 61,794 square feet can be accommodated. Currently, there are 183,637 square feet of vacant space ready for immediate occupancy. The property features ample parking with a 4.5 spaces per unit ratio. Its prime location in Southfield, Oakland County, Michigan (zip code 48034) provides easy access to major transportation routes and amenities. The property's APN is 24-17-176-009. This building is ideal for businesses seeking a modern, well-maintained, and conveniently located office space in a thriving commercial area. The building's subtypes include Traditional Office, Executive Office, and Creative Office, catering to a variety of business styles and preferences.

• CAP approach

  CAP return

  Valuation

  6%

  $84,053,280

  6.5%

  $77,587,640

  7%

  $72,045,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $45,928,140

  Geo Method

  $45,928,140

• Alternative Use

  Use

  Valuation

  Residential

  $96,208,672

  Hospitality

  $88,126,632

  Educational

  $73,320,320

  Medical

  $75,841,920

  Retail

  $114,053,832

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4959

Longitude

-83.2911

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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