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    29200 Southfield Rd Southfield, MI 48215

    • Office buildings
    • 40,080 SF
    • 1.98 lot acres
    For Lease
    View listing
    Value Estimation
    $805,000
    Location Intelligence
    Property ID
    US43-0290930
    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

    • Bahl Co / Accountant
    • Elite Digital Investigations / Consultant
    • Moin Choudhury Law Firm, PC / Law Firm
    • The Gordon Realty Group LLC / Real Estate Agency

    Property Details for 29200 Southfield Rd

    Year built
    1968
    Lot size
    1.98 lot acres
    Property size
    40,080 SF
    Zone code
    OS
    Property type
    Office buildings
    APN
    76-24-12-351-003
    APU
    762412351003

    Description

    This exceptional retail property, located at 29200 Southfield Road in Southfield, Michigan, offers 6,868 square feet of vacant space for lease. The property is categorized as a multi-tenant retail building within Oakland County (APN 2412351003) and is conveniently situated in the 48075 zip code. Multiple units are available, with a minimum divisible space of 1,615 square feet and a maximum contiguous space of 1,850 square feet. This presents a fantastic opportunity for businesses seeking flexible space options to suit their individual needs. The property's high-traffic location ensures excellent visibility and accessibility for customers. The building's total square footage is 6,868 square feet, currently entirely vacant and ready for immediate occupancy. This prime retail location in Southfield offers a unique chance to establish or expand a business in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability. The property is zoned for commercial use and provides ample space for a variety of retail ventures. This is an ideal opportunity for businesses seeking a prominent location with high foot traffic and excellent visibility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $920,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $700,000
      7%
      $780,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $810,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $785,000
      Retail
      $655,000
      Mixed-Use
      $730,000
      Hospitality
      $610,000
      Educational
      $735,000
      Residential Income
      $625,000
      Energy
      $590,000
      Income-Based Land
      $725,000
      Food Service
      $640,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2215
    Latitude
    42.5043
    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
    $41,796
    $213,350
    $425,490
    $638,840
    -
    $426,700
    $850,980
    $1,277,680

    Comparable in this City

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    • Value Estimation by Request
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      21,328 SF

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      OFFICE BUILDING • 21,328 SF
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    • Value Estimation by Request
      1,800 SF

      28625 Southfield Rd

      OFFICE BUILDING • 1,800 SF
      28625 Southfield Rd, Lathrup Village, MI 48076-2701
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    • Value Estimation by Request
      2,179 SF

      26021 Southfield Rd

      OFFICE BUILDING • 2,179 SF
      26021 Southfield Rd, Lathrup Village, MI 48076-4541
      View Details
    • Value Estimation by Request
      2,742 SF

      28801 Southfield Rd

      OFFICE BUILDING • 2,742 SF
      28801 Southfield Rd, Lathrup Village, MI 48076-2743
      View Details

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    29200 Southfield Rd
    Southfield, MI 48215
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    Realmo Value Estimation

    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.

    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.

    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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