24333 Southfield RdSouthfield, MI 48075

Property Details for 24333 Southfield Rd

Year built

1968

Lot size

0.66 AC

Property size (Sq ft)

15,028 SF

Zone code

OS

Property type

Office buildings

APN

76-24-26-279-013

APU

762426279013

Description

This exceptional 15,028-square-foot executive office space, located at 24333 Southfield Road in Southfield, Michigan, presents a compelling investment opportunity. The property, known as Regency Office Plaza, is a Class C, two-story building constructed in 1968, situated on a 0.66-acre lot. The building features 70 parking spaces and is zoned OS. This multi-tenant property offers a variety of office spaces available for lease under a gross lease agreement, meaning utilities, CAM, property insurance, and property taxes are included in the lease rate. The convenient location offers excellent access to major thoroughfares, being just north of M-10 and south of I-696, ensuring easy commutes for employees and clients. The property's APN is 2426279013. Interested parties should inquire about the building's sale price. This is a prime opportunity for businesses seeking a well-located, all-inclusive office space in a thriving area of Oakland County. The property consists of one building and offers a total of 15,028 square feet of leasable space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,915,630

  6.5%

  $2,691,350

  7%

  $2,499,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,405,720

  Geo Method

  $1,405,720

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,228,480

  Retail / Commercial

  $2,694,870

  Mixed-Use / Specialty

  $2,696,090

  Hospitality / Lodging

  $1,992,130

  Institutional / Educational

  $2,806,720

  Residential Income

  $3,283,860

  Multifamily

  $3,878,470

  Automotive / Energy

  $2,405,760

  Parking / Income-Based Land

  $819,503

  Restaurant / Food Service

  $1,425,360

  Healthcare / Senior Housing

  $2,753,690

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.4684

Longitude

-83.2215

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].