29877 Telegraph RdSouthfield, MI 48034

Property Details for 29877 Telegraph Rd

Year built

1983

Lot size

0.41 AC

Property size (Sq ft)

6,164 SF

Zone code

B-3

Property type

Medical offices

Property subtype

Medical centers

APN

76-24-08-401-016

APU

762408401016

Description

This exceptional medical office building, Farmbrook Medical Building II, presents a unique leasing opportunity in the thriving Southfield, Michigan market. Located at 29877 Telegraph Road, this 95,000 square foot building offers multiple tenancy options, with spaces ranging from a minimum of 1,581 square feet to a maximum contiguous space of 3,485 square feet. Currently, 6,970 square feet of space is available for lease. The building boasts ample parking with 485 spaces, ensuring convenient access for patients and staff. Constructed in 1986, the property sits on a generous 4.11-acre lot and is zoned B3. Its prime location in Southfield, Oakland County, Michigan (zip code 48034) provides excellent visibility and accessibility. The property's Assessed Parcel Numbers (APNs) are 24-08-401-016, 24-08-401-017, 24-08-401-018, 24-08-401-019, 24-08-401-020, 24-08-401-021, and a portion of 24-08-401-. This is an ideal location for medical practices seeking modern, well-maintained office space in a high-demand area. Don't miss this chance to establish or expand your practice in this premier Southfield location. Contact us today to schedule a viewing and discuss your leasing needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,055,202

  6.5%

  $974,033

  7%

  $904,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $576,581

  Geo Method

  $576,581

• Alternative Use

  Use

  Valuation

  Residential

  $1,207,801

  Hospitality

  $1,106,339

  Educational

  $920,461

  Medical

  $952,117

  Retail

  $1,431,829

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5077

Longitude

-83.2879

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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