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Property profile & analytics
FOR SALE
Strip malls
29702 Southfield Rd, Southfield, MI 48076
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US43-1308140
For Sale
1 / 26
$190,000
29702 Southfield Rd, Southfield, MI 48076
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Property summary
AI-generated overview
This turnkey restaurant opportunity in Southfield, Michigan presents a unique chance to acquire an established business with significant growth potential. Located at 29702 Southfield Road, this 19,730 square foot restaurant sits on a 0.8-acre lot in a high-traffic business district. The property, currently operating as JJ Fish and Chicken, has been successfully running since 2017, demonstrating a proven track record. The sale includes all state-of-the-art equipment, allowing for immediate operation with minimal setup required. The business is ready for a new owner to step in and continue its success. This is an exceptional opportunity for an experienced restaurateur looking to acquire an established business with existing infrastructure and clientele. The prime location on Southfield Road ensures high visibility and accessibility, attracting a large customer base. The substantial square footage provides ample space for operations, seating, and potential expansion. This is a truly turnkey operation, minimizing the time and resources needed to launch or relaunch the business. The asking price for this exceptional opportunity is $269,900. Serious inquiries only.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
19,730 SF
Lot
0.8 ac (34,848 SF)
Zoning code
RS
APN
76-24-12-301-007
UPID
US43-1308140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lavash Grill Restaurant
-
Dr. Jana Tumpkin Mcqueen, DDS Dental Office
-
Bangkok Express Cafe Restaurant
-
J J Fish & Chicken Restaurant
-
Spoiled Forever Shoe Store Women'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.10M
Owner & transaction history
Ar Southfield Plaza LLC Hbn Southfi
Ar Southfield Plaza LLC Hbn Southfi
since 2025
2 recorded transactions
Zoning & alternative use
RS · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+89.3%
Restaurant
$3.4M
+86.0%
Auto repair, garage
$2.4M
+31.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,835,000
Current use
COMMERCIAL (GENERAL)
$3,475,000
Change: +89% · Conversion: Easy
RESTAURANT
$3,415,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,420,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$2,105,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,600,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$26,692
Tax year 2022
Assessed value
$1,138,970
Assessed 2022
Previous assessed
$1,138,970
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$86,250
Assessed improvement
$1,052,720
Land market value
$172,500
Improvement market value
$2,105,440
Total market value
$2,277,940
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1985
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
19,730 SF
Lot
0.8 ac (34,848 SF)
Zoning code
RS
APN
76-24-12-301-007
UPID
US43-1308140
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RS · Southfield, MI
Zoning RS · permitted uses
RS · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Ar Southfield Plaza LLC Hbn Southfi
Entity
Mailing address
31500 NORTHWESTERN HWY STE #300, FARMINGTON HILLS, MI 48334-2501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Ar Southfield Plaza LLC Hbn Southfi
Rpt Realty LP
Deed
$10,800,000 · Wells Fargo Bank NA
Jan 20, 2010
—
Ramco-gershenson Properties LP
—
Deed Of Trust
related
$232,000,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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