Property profile

24722 Southfield Rd Southfield, MI 48075

OFF-MARKET
Grocery and convenience stores
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Property ID
US43-1300266
1,378 SF 0.41 ac Built 1986
Last sale Mar 2025·$500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value$195k
Assessed land$59k
Assessed improvement$136k
Effective rate6.54%

Value estimate

· Nov 2026
$455k
$410k – $501k
AI approach$440k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$77 – $307
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passe...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.9
Auto Parts Store12.7
Restaurant12.1

Location

24722 Southfield Rd Southfield, MI 48075-2715
County assessor Recorded deeds · 4 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21815 10th Mile, Southfield, MI 48075-6114 $700,000 Dec 2025 1,827 SF
19471 10th Mile, Southfield, MI 48075-2461 $390,000 Oct 2024 3,828 SF
19890 Melrose, Southfield, MI 48075-5715 $74,000 Jul 2023 1,917 SF
19045 10th Mile, Southfield, MI 48075-2405 $280,000 Apr 2022 1,388 SF
19606 10th Mile, Southfield, MI 48075-2313 $260,000 Dec 2020 1,650 SF
19995 9th Mile, Southfield, MI 48075-3962 $750,000 Nov 2019 2,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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