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Property profile & analytics

24725 Greenfield Rd Southfield, MI 48075

  • Office buildings
  • 4,836 SF
  • 0.30 lot acres
Value Estimation
Last Sale
Sep 13, 2022
$425,000
Location Intelligence
Property ID
US43-1460702
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cheap Car Insurance / Auto Insurance Agency

Property Details for 24725 Greenfield Rd

Year built
1966
Lot size
0.30 lot acres
Property size
4,836 SF
Zone code
R-3
Property type
Office buildings
APN
76-24-25-229-030
APU
762425229030

Description

This exceptional 4,826 square foot single-tenant office building, located at 24725 Greenfield Road in Southfield, Michigan, 48075, presents a fantastic opportunity for owner-occupancy or investment. Built in 1966 and extensively renovated in 2024, this one-story brick building boasts a modern and functional layout ideal for traditional office or medical/dental practices. The property features 27 parking spaces, providing ample convenience for staff and clients. Its prime location offers immediate access to M-696, placing it in close proximity to major medical facilities such as Troy Beaumont and Southfield Ascension Providence Hospital. The building's interior finishes are of high quality, reflecting the recent renovation. The single-tenant occupancy provides a streamlined and efficient operational environment. This property is available for both sale and lease, offering flexibility to suit various business needs. The building's excellent condition and strategic location make it a highly desirable asset in the competitive Southfield market. Situated south of 10 Mile Road on Greenfield Road, this property offers easy access and high visibility. The property is move-in ready, eliminating the need for extensive pre-occupancy renovations.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $440,000
  • CAP approach

    CAP return
    Estimation
    6%
    $360,000
    6.5%
    $380,000
    7%
    $355,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $340,000
    Geo Method
    $410,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $430,000
    Retail
    $350,000
    Mixed-Use
    $450,000
    Hospitality
    $450,000
    Educational
    $435,000
    Residential Income
    $445,000
    Energy
    $400,000
    Income-Based Land
    $465,000
    Food Service
    $440,000

Location Insight

  • Map
  • Local Demand
City
Southfield
County
Oakland
State
Michigan
Longitude
-83.2021
Latitude
42.4723
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,016
$18,760
$119,290
$138,050
-
$37,520
$238,580
$276,100
More about this property
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