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    Property profile & analytics

    13256 Northline Rd Southgate, MI 48195

    • Retail properties
    For Lease
    View listing
    $187 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bitcoin ATM Southgate - Coinhub / Crypto Atm / Currency Exchange Service
    • Hurricane Vape / (Bike/Boat/Book/etc) Store

    Property Details for 13256 Northline Rd

    Property type
    Retail properties

    Description

    This exceptional 1,000-square-foot retail space is ideally situated at 13256 Northline Road in Southgate, Michigan, within Wayne County. The property boasts excellent visibility due to its Northline Road frontage, placing it strategically between Dix Toledo and Fort Street, ensuring high traffic exposure. A daily traffic count of 24,103 vehicles passes by, offering significant potential for customer reach. This single-tenant strip center unit is available for immediate occupancy, presenting a turnkey opportunity for various retail businesses. The property benefits from a gross lease rate that includes real estate taxes, building insurance, lawn care, and snow removal, simplifying operational costs for the tenant. The location is further enhanced by a strong demographic profile, with over 45,000 households residing within a three-mile radius, providing a substantial potential customer base. The clean and well-maintained unit is ready for immediate use, making it an attractive option for businesses seeking a convenient and cost-effective retail space in a high-traffic area. The zip code is 48195.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1863
    Latitude
    42.214

    Comparable in this City

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    • Value Estimation by Request

      12974 Dix Toledo Rd

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    • Value Estimation
      $525,000
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      16153 Eureka Rd

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    • Value Estimation by Request
      950 SF

      13008 Eureka Rd

      NURSERY, GREENHOUSE, FLORIST • 950 SF
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    • Value Estimation by Request
      832 SF

      14156 Eureka Rd

      NURSERY, GREENHOUSE, FLORIST • 832 SF
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    • Value Estimation by Request
      55,475 SF

      & Dix-Toledo Swc Eureka Rd

      Individual retail properties • 55,475 SF
      & Dix-Toledo Swc Eureka Rd, Southgate, MI 48195
      View Details

    Similar Nearby for Sale

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      8,778 SF

      Dix Toledo Rd Restaurant - Southgate, MI

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      Southgate Property with Business Potential

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      Dix-Toledo Shopping Center for Sale

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      Southgate Retail Portfolio Opportunity

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    Similar Nearby for Lease

    • $13 SF/Yr
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    • $187 SF/Yr
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      Southgate Retail Space: Prime Location

      1,000 sq ft Retail Space - Immediate Occupancy
      13256 Northline Rd, Southgate, MI 48195
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      Southgate Retail Space - Dix Toledo Rd

      High-visibility retail space, ample parking.
      14980 Dix Toledo Rd, Southgate, MI 48195
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    • $15 SF/Yr
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      Southgate Retail Space For Lease

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      2,700 SF

      Retail Space in Southgate, MI

      Retail space available for lease in Southgate, Michigan.
      15201-15461 Dix Toledo Rd, Southgate, MI 48195
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    13256 Northline Rd
    Southgate, MI 48195
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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